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Foreigners continue battle over Nepal casinos

14 February 2007

NEPAL – As reported by the Asia World News: "The chips continued to be down for Nepal's casino industry, a major tourist attraction, with fresh battle erupting between two of its principal expatriate forces.

"…The 'duel' between Nepal's 'casino king' American Richard D. Tuttle and his former friend and protege Indian businessman Rakesh Wadhwa began early this year. The pair, who had run casinos together in Sri Lanka and Kyrgyzstan, fell out recently, causing a flurry in Nepal's casino industry.

"Nepal has eight casinos - seven in capital city Kathmandu and an eighth one in the sunny tourist city of Pokhara - all of which are run by the same company, Nepal Recreation Center (NRC).

"Tuttle heads the NRC as its chairman while Wadhwa, a chartered accountant, operates two casinos in the network. His wife Shalini Wadhwa runs a third casino in the capital. The row broke out after Tuttle asked Wadhwa to leave Casino Yak and Yeti and the Indian refused.

"…Now in an apparent bid to block further attempts by NRC, Wadhwa's lawyers Monday registered a complaint with the Nepal authorities, alleging NRC was being run in the name of a company that has been defunct for years…"

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