Nepal orders closure of two casinos for failure to pay royalties
Friday 11 de February 2022 / 11:24
2 minutos de lectura
(Nepal).- Nepal’s Ministry of Culture, Tourism and Civil Aviation has canceled the operating licenses of two casinos for failing to pay their royalties.
According to reports by local news outlet myRepublica, the casinos at Yak & Yeti Hotel in Kathmandu and Dreamland Hotel in Nepalgunj have been ordered closed after ignoring repeated government requests to pay their dues.
The Yak & Yeti Hotel, which has operated a casino since 1992, has also seen its five-star classification revoked with the ministry having written to the Office of the Prime Minister, the Council of Ministers and the Ministry of Home Affairs to assist in implementing its decision.
Minister for Culture, Tourism and Civil Aviation, Prem Bahadur Ale, said, “In the records … the company is yet to pay arrears up to fiscal year 2020/21, renewal fees for the FY2021/22 and royalty fees worth Rs 420 million (US$3.5 million). The casino operating license and hotel level classification certificate have been revoked as per the law.”
Dreamland Hotel has seen its license revoked for defaulting on royalties totaling Rs 3.8 million (US$31,500) after also ignoring repeated written requests.
Nepal’s casinos only reopened in October after being closed for 18 months due to COVID-19.
The government had at the time waived an annual royalty fee for the fiscal year ended 30 June 2021 for all casinos that had been regularly paying their annual fee up until the start of the pandemic. However, it said only eight or nine casinos qualified for such a waiver.
Nepal’s casino industry is said to employ around 15,000 workers.
Categoría:Casino
Tags: Sin tags
País: Nepal
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.