The Nepalese government has cancelled three casino operators’ licences for failure to pay US$7.4m in outstanding fees.<\/p>\n\n\n\n\n\n\n\n
Nepal.- Nepal’s Ministry of Tourism has reportedly\u00a0cancelled three casinos’ licences <\/strong>after the operators allegedly failed to pay unpaid duties and renewal fees by deadlines set. According to The Himalayan Times newspaper, the licences of Rock International Pvt Ltd, Happy Hour Kathmandu, and Oriental Hotels (Radisson Hotel) Lazimpa have been terminated under the National Casino Regulations 2013.\u00a0<\/p>\n\n\n\n The three casinos failed to pay outstanding fees totalling NPR905.5m (US$7.4m). The Nepalese government has collected\u00a0RS$810m in royalties from Nepal\u2019s 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.<\/p>\n\n\n\n Khemraj Joshi<\/strong>, an official at the Ministry of Tourism said the government was forced to take action against the three casinos because they had ignored repeated requests to pay. He said that on March 29, letters had been sent to the Ministry of the Interior and the Police Headquarters requesting the implementation of the decision to revoke the licences.<\/p>\n\n\n\n In February, authorities revoked the\u00a0licences of two hotels<\/a>\u00a0for failing to pay royalties. Yak & Yeti Hotel failed to pay Rs420m while Dreamland Hotel failed to pay Rs3.8m.<\/p>\n\n\n\n Last September,\u00a0Casinos<\/a>\u00a0were allowed to\u00a0resume operations in Nepal around 18 months\u00a0<\/strong>after being ordered to close due to the Covid-19 pandemic. All\u00a0gambling venues in Nepal had been shut on March 24, 2020<\/a> when authorities imposed a lockdown due to Covid-19.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The Nepalese government has cancelled three casino operators’ licences for failure to pay US$7.4m in outstanding fees.<\/p>\n","protected":false},"author":176,"featured_media":15967,"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 revoked the operating licenses of three casino entities\u2014Rock International Pvt Ltd, Happy Hour Kathmandu, and Oriental Hotels (Radisson Hotel) Lazimpa\u2014due to their failure to remit NPR905.5m (US$7.4m) in outstanding duties and renewal fees. This action, taken under the National Casino Regulations 2013, underscores the government's enforcement of regulatory compliance regarding financial obligations within the gaming sector.","focusai_entities":"Rock International Pvt Ltd, Happy Hour Kathmandu, Oriental Hotels, Radisson Hotel, Nepal\u2019s Ministry of Tourism, The Himalayan Times, Khemraj Joshi, Ministry of the Interior, Police Headquarters, Yak & Yeti Hotel, Dreamland Hotel","focusai_location":"Nepal, Kathmandu, Lazimpa","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.95), operator_casino (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Future of Unpaid Royalties?","query":"What specific enforcement mechanisms will the Nepalese Ministry of Tourism deploy to recover the remaining US$9.2m in unpaid royalties from other non-compliant casino operators?"},{"label":"Market Impact Analysis?","query":"How will the revocation of these three licenses impact the competitive landscape and overall Gross Gaming Revenue (GGR) projections for the Nepalese land-based casino market in the next fiscal year?"}],"footnotes":""},"categories":[28,16334],"tags":[23911,23907],"class_list":["post-28659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-asia-news","tag-gambling-regulation","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28659","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=28659"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28659\/revisions"}],"predecessor-version":[{"id":28664,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28659\/revisions\/28664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15967"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}