Myanmar eyes gambling revenue, but bill faces long parliamentary road

    Published in: Latest IntelligenceMyanmar, which is emerging from decades of political and economic isolation, is the latest Asian nation to consider opening up its gambling industry to boost government revenue.The country is currently drafting a gambling law that is expected to allow for foreigner-only casinos in hotels to further capitalize on an already booming tourism industry.However, the bill still faces considerable parliamentary hurdles and needs support from President Thein Sein.The drafting of the law was confirmed by a director of the Ministry of Hotels and Tourism, U Myo Win Nyunt, and has led to increasing speculation over the category of hotels that may be granted a licence.“We haven’t issued any licences for casinos yet because it is still considered a type of illegal gambling,” Win Nyunt told local media. He added a gambling law was drafted by the Ministry of Home Affairs.But legal sources in the capital Yangon told...

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