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Nepal's casino king told to leave

10 January 2007

KATHMANDU, Nepal – As reported by the Rustomjee: "A New Delhi chartered accountant who became known as Nepal's casino king after establishing a network of seven casinos here has been given marching orders after incurring the displeasure of the royal family, a report said.

"Rakesh Wadhwa, who became a legend after teaming up with American expatriate RD Tuttle and enjoyed a monopoly in Nepal's flourishing gaming industry, has been asked to quit after becoming a victim in the skirmish between the royal family and Maoists, Ghatana R Bichar weekly said Wednesday.

"…The casinos are one of Nepal's biggest tourist attractions, drawing thousands of Indians, and pay the government an annual royalty of Nepali Rs.15 million each as well as other taxes…"

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