{"id":27476,"date":"2022-02-22T09:51:24","date_gmt":"2022-02-22T12:51:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27476"},"modified":"2026-04-23T11:07:25","modified_gmt":"2026-04-23T14:07:25","slug":"casinos-in-nepal-pay-rs810m-in-royalties","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/casinos-in-nepal-pay-rs810m-in-royalties","title":{"rendered":"Casinos in Nepal pay RS$810m in royalties"},"content":{"rendered":"\n

Authorities in Nepal have revealed the government has collected RS$810m in royalties from 17 casinos.<\/p>\n\n\n\n\n\n\n\n

Nepal.- The Nepalese government has collected\u00a0RS$810m in royalties from Nepal’s casinos<\/strong>, but more than RS$1.1bn (US$9.2m) remains unpaid. Some 17 casinos have paid their licence fees, according to the tourism ministry, but no timetable has been given.<\/p>\n\n\n\n

The government had cancelled the casino licences<\/a>\u00a0of two hotels for failing to pay royalties. Yak & Yeti Hotel failed to pay Rs420m while Dreamland Hotel failed to pay Rs3.8m. Yak & Yeti\u2019s casino licence was revoked, along with its hotel’s five-star rating. The Ministry of Culture, Tourism and Civil Aviation sent a letter to five casinos, giving them seven days to pay off their debts.<\/p>\n\n\n\n

Casinos in Nepal reopened last September after being ordered to close due to the Covid-19 pandemic.\u00a0All\u00a0gambling venues in Nepal had been shut since March 24, 2020<\/a>, when authorities imposed a lockdown due to Covid-19.<\/p>\n","protected":false},"excerpt":{"rendered":"

Authorities in Nepal have revealed the government has collected RS$810m in royalties from 17 casinos.<\/p>\n","protected":false},"author":176,"featured_media":22068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Nepalese government has collected RS$810m in casino royalties from 17 operators, yet RS$1.1bn (US$9.2m) remains outstanding. This regulatory enforcement has led to the revocation of casino licenses for two hotels, Yak & Yeti and Dreamland, with the former also losing its five-star hotel rating, underscoring the government's commitment to compliance post-COVID-19 reopening.","focusai_entities":"Yak & Yeti Hotel, Dreamland Hotel, Ministry of Culture, Tourism and Civil Aviation","focusai_location":"Nepal","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.8), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Nepal GGR?","query":"What is the projected impact of these license revocations and outstanding royalty collections on Nepal's overall Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) forecasts for the current fiscal year?"},{"label":"Regulatory Framework Review?","query":"Are there any anticipated revisions to Nepal's gaming regulatory framework or licensing conditions in response to the significant volume of unpaid royalties and the recent enforcement actions?"}],"footnotes":""},"categories":[157,16334],"tags":[229,23907],"class_list":["post-27476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-asia-news","tag-gambling","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27476"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27476\/revisions"}],"predecessor-version":[{"id":27490,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27476\/revisions\/27490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}