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Nepal casino industry's future uncertain

11 January 2007

NEPAL – As reported by RxPG News: "Nepal's casino industry, a major draw for Indian tourists, faces an uncertain future with the threat of closure hanging over two gaming centres.

"Despite its small size, the Himalayan kingdom is South Asia's gambling capital, with Kathmandu itself boasting of seven casinos and an eighth scheduled to open in Pokhara city.

"However, the casinos, which give the government an annual royalty of Nepali Rs.14.5 million each, now find themselves at the receiving end of cutthroat competition, political turmoil and its owner's drive for enormous profit.

"…Due to the turmoil and violence in Nepal in the recent past, when curfew and shoot at sight orders were common, the industry was badly hit…"

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