Nepal casinos open for business

Nepali authorities are in the process of assessing damage to the country’s all important tourism sector after the deadly earthquake that hit the country on April 25, though casino operators say they are already back in business and expect any impact on revenues to be temporary. The earthquake, which measured 7.8 according to the U.S. Geological Survey, killed nearly 9000 people and injured 20,000. Nepal’s biggest natural disaster in 80 years also destroyed half a million houses and buildings and is expected to lead to a big hit to the economy, which relies on tourism for 7 percent of Gross Domestic Product. Nepal’s casino industry hopes to boost tourism and assist with the recovery. The initial temblor was followed by another powerful earthquake measuring 7.3 on the Richter Scale on May 12, while even a month after the first quake, aftershocks measuring 4 to 5 in magnitude continued to rock Nepal,...

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