Nepal casinos seen rebounding, eye India’s $4b potential

 Nepal’s casino industry is forecast to bounce back in 2016 after a devastating earthquake last year and an unofficial border blockade imposed by India. According to Union Gaming Analytics, an industry consultant, the Indian market could have the potential for US$4 billion in gaming revenue and Nepal casino insiders say operators are perfectly positioned to attract those players. The industry in Nepal has faced a tumultuous few years, with the government shuttering all casinos in 2014 after failure to comply with new regulations and pay outstanding license fees. The casinos began reopening in 2015, with many under new management, only to be hit by an earthquake in April. The 7.8 magnitude earthquake caused an estimated 43 billion rupees ($405 million) in damages to the tourism sector, according to a report by the Ministry of Culture, Tourism and Civil Aviation. Tourism numbers plunged to 300,000 from 800,000 tourists in 2014, according to official...

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.