International edition
June 16, 2021

“Scheduled to come into operation within 45 days”

Nepal approves new casino

Nepal approves new casino
Nepal’s Department of Industry has approved another foreign gaming company to begin operating a casino in partnership with a local firm.
Nepal | 03/12/2015

Nepal’s Department of Industry has approved another foreign gaming company to begin operating a casino in partnership with a local firm.

T

he latest nod was given to Goa-based gaming company Goa Coastal Resorts, which will be partnering with Nepal-based Entertainment and Recreational Pvt Ltd. to launch and operate Casino Pride at the Hyatt Hotel in Kathmandu.

“We have registered a company under the name of ‘Casino Pride’, which is scheduled to come into operation within 45 days,” one of the promoters of the company told the Nepalese news site, eKantipur.

Tourism Department Director General Tulasi Gautam confirmed that the company had already registered at the Department of Industry, but noted that it has not yet applied for a permit with the tourism department.

Nepal shut down its casino industry last year over a failure to pay back taxes. Since then, some casinos have  re-opened, most recently the Millionaire’s Club & Casino at Shangri La Hotel that’s currently being operated by Hong Kong-based gaming operator Silver Heritage.

Goa Coastal Resorts would become the third gaming operation to run a casino in Nepal under the new casino regulations implemented last year.

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