{"id":777013261,"date":"2024-02-19T08:52:00","date_gmt":"2024-02-19T11:52:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013261"},"modified":"2026-04-22T12:55:13","modified_gmt":"2026-04-22T15:55:13","slug":"3-nepal-casinos-owe-over-us1-3m-in-taxes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/3-nepal-casinos-owe-over-us1-3m-in-taxes","title":{"rendered":"3 Nepal casinos owe over US$1.3m in taxes"},"content":{"rendered":"\n

Royalties, renewal fees and additional fees are owed by Central Media, Ratna Services and Venue Creation.<\/p>\n\n\n\n\n\n\n\n

Nepal.- The government of Nepal has reported\u00a0that it is owed over Rs110m (US$1.3m) in payments<\/strong>\u00a0from three casinos.\u00a0According to Republica, the casinos that have not made payments are\u00a0Central Media<\/strong>\u00a0in Kathmandu’s Khichapokhari,\u00a0Ratna Services<\/strong>\u00a0in Biratnagar, and\u00a0Venue Creation<\/strong>.<\/p>\n\n\n\n

According to data from authorities, Central Media owes Rs80m (US$963,666) in royalty, renovation and additional fees. As a result its licence has not been renewed. Ratna Services Rs20m is expected to pay Rs29m within the next month to fulfil its obligations concerning royalties, renewal, and additional taxes in order to have its licence renewed. Venue Creation’s licence renewal remains pending due to outstanding arrears exceeding Rs10m.<\/p>\n\n\n\n

See also:<\/strong> Nepal bans TikTok amid allegations of gambling content<\/a><\/p>\n\n\n\n

Casino operators must pay\u00a040 per cent by mid-January every year to obtain their renewal, 30 per cent by mid-April and the remaining 30 per cent by mid-July, according to the Finance Bill 2080 BS. The government has collected Rs761.3m in royalties by mid-January of the fiscal year 2023\/24.<\/p>\n\n\n\n

The DoT has registered 30 casinos, with 13 major venues operating in five-star hotels and 17 mini-casinos operating solely through machines or equipment in four-star hotels.<\/p>\n\n\n\n

See also: <\/strong>Nepal: 11 arrested for alleged illegal gambling<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Royalties, renewal fees and additional fees are owed by Central Media, Ratna Services and Venue Creation.<\/p>\n","protected":false},"author":176,"featured_media":19807,"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 is actively pursuing over US$1.3 million in outstanding royalties and fees from three casino operators: Central Media, Ratna Services, and Venue Creation. This non-compliance has resulted in license non-renewal for Central Media and pending renewals for the others, underscoring the stringent regulatory enforcement of financial obligations under the Finance Bill 2080 BS. The situation highlights the government's commitment to maintaining licensing integrity and collecting due gaming revenues within its 30-casino market.","focusai_entities":"Central Media, Ratna Services, Venue Creation, Republica, Government of Nepal, DoT","focusai_location":"Nepal, Kathmandu, Biratnagar","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":"Regulatory Impact Assessment","query":"What are the broader implications for the Nepalese gaming market's investment climate given the government's stringent enforcement of outstanding financial obligations and license non-renewals?"},{"label":"Operator Risk Mitigation","query":"How might this enforcement action influence the risk assessment and due diligence processes for new entrants or existing operators considering expansion within Nepal's regulated gaming verticals?"}],"footnotes":""},"categories":[163,16334],"tags":[23907],"class_list":["post-777013261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013261","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=777013261"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013261\/revisions"}],"predecessor-version":[{"id":777013281,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013261\/revisions\/777013281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19807"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}