Two hotels in Nepal have ben forced to shut down their casino venues for failing to pay royalties.
Nepal.- According to local media reports, the Nepalese government has cancelled the casino licences of two hotels for failing to pay royalties. Yak & Yeti Hotel failed to pay Rs420m while Dreamland Hotel failed to pay Rs3.8m.
Yak & Yeti’s casino licence has been revoked, and the hotel’s five-star rating has been revoked. The Ministry of Culture, Tourism and Civil Aviation sent a letter to five casinos in early February, giving them seven days to pay off their debts.
Last September, Casino venues were allowed to resume operations in Nepal around 18 months after being ordered to close due to the Covid-19 pandemic. All gambling venues in Nepal were shut since March 24, 2020, when authorities imposed a lockdown due to Covid-19.