Casinos around the country are now permitted to operate for a total of 16 hours each day, thanks to an agreement with the government. Following the emergence of the Covid-19 pandemic in Nepal, casinos, which were a key source of revenue for the tourism industry, were forced to close.
The government, on the other hand, has permitted the operation of casinos under certain conditions once the number of Covid-19 cases and the development of the disease in the country began to decline. Casinos will be permitted to operate from 2 p.m. until 6 a.m., according to the conditions that have been established. In a similar vein, only foreigners who have received two doses of the Covid-19 vaccine are permitted to gamble in casinos.
Other neighbouring nations, such as India, have already restored casino operations six months after they were suspended.
The revenue provided by casinos is entirely derived from foreign investors, which minimises the burden on the foreign exchange market. Because customers who come to play casino games put 90 percent of their money in the casino, the revenue earned by casinos is significantly higher than the national average.
Entrepreneurs had previously urged that the government authorise the operation of casinos in exchange for the adoption of safety procedures. The operation of casinos will also provide a boost to the economy, which has been severely impacted by the Covid-19 outbreak in recent years. Customers at casino properties spend money within the casino, travel by car and stay in hotels, as well as purchase a variety of other services and products, all of which have a beneficial impact on the economy.
According to the current rules, only foreigners are permitted to participate in casino games. Hotels such as Marriott, Soaltee, Aloft, and Hyatt have already begun to provide gaming services, among other options.