Nepal sees recovery amidst improved regulation, rise in tourism

Nepal’s casino industry is recovering from a series of deadly earthquakes and a temporary border blockade with India last year, with international casino operators increasingly eyeing the market as a way to tap potential from neighboring India. Visitor numbers to the Himalayan nation by air jumped 12.77 percent in the first half of this year to 313,512, compared with about 277,992 visitors in the same period last year. In the first half of 2014, tourist arrivals had reached 412,461. However, those numbers don’t reflect visitors from neighboring India, which is seen as key to the growth of Nepal’s casinos. This is because Indian nationals do not need to show a passport to enter Nepal, and are able to move across the border freely. Nepal was once home to as many as 10 casinos, however operators failed to keep up with tax payments and so change was needed. Keen to attract international operators...

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