Myanmar eyes gambling bill, updates lottery system

    Published in: Latest IntelligenceAfter decades of economic and political isolation, the Myanmar government is seeking to boost tourism and attract foreign investment, with a law legalizing gambling potentially on the table.“We haven’t issued any licenses for casinos yet as it’s still considered a type of illegal gambling”, The Myanmar Times cited U Myo Win Nyunt, a director from the Ministry of Hotels and Tourism as saying recently.He added the Ministry of Home Affairs is currently working on a gambling law.His comments followed reports on social media in the country that three and four-star hotels along the borders were being allowed to operate foreigner-only casinos. Although gambling remains illegal in Burma, some estimates suggest that around 70 percent of Myanmar’s adult population play illegal games based on Thailand’s lottery and stock exchange, or place illicit bets on English football.That translates into a huge loss of potential revenue for Myanmar, which lags...

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