Casino rules face further change

Nepal is facing another overhaul of its casino legislation, just five years after new rules were put into place, though some consultants say if the country really wants to attract more foreign investment it needs to cut regulatory red tape. The Ministry of Tourism has requested approval from the Council of Ministers for a new casino act. The MoT, which regulates the casino sector, says an act may help plug loopholes in the current rules. “The sector so far has been governed by Casino Regulations of 2013. We felt that we needed an Act to regulate the sector,” ministry spokesman Sharma Dhakal said. After securing approval from the Council of Ministers, the ministry will work with Ministry of Law to formulate the draft, he said. The Casino Bill will again have to be approved by the Council of Ministers before submission to the Parliament for discussion and voting. The parliament...

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