馃枑 Government issues day ultimatum to non-paying casinos and hotels

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Published at: March 6, Updated at: March 7, Nepal Recreation Centre used to operate four casinos鈥擟asino Nepal housed at the Hotel.


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Published at: March 6, Updated at: March 7, Nepal Recreation Centre used to operate four casinos鈥擟asino Nepal housed at the Hotel.


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Having finally lost patience with its gaming sector, the Nepal government has now made all ten casinos illegal ordering them to close immediately. Friday 3rd July Home 路 Operator News 路 Supplier News 路 Legislation 路 Interactive.


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Having finally lost patience with its gaming sector, the Nepal government has now made all ten casinos illegal ordering them to close immediately. Friday 3rd July Home 路 Operator News 路 Supplier News 路 Legislation 路 Interactive.


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As per the notice, Rakesh Wadhwa, the fugitive owner of Nepal Recreation Centre, owes the highest amount of Rs million. In June , the government annulled the operating licence of Nepal Recreation Centre after it failed to pay taxes and royalties owed to the government. As per the notice, four mini casinos housed at the Hotel Sweet Dream in Mahendranagar, Hotel Lacoul in Bhairahawa, Hotel Sneha in Nepalgunj and Hotel Dhaka in Kakarbhitta have been carrying on business without paying the annual royalty. In April , the government decided to shut down all casinos not fulfilling the Casino Regulation and scrap the licences of those defaulting on royalties. Most Read from Money. The department said the Radisson Hotel and eight mini casinos located outside the Kathmandu Valley owe the government millions in annual royalties. The Kumari Chowk Office , which reviews the government accounts under the Office of the Auditor General, published the names of the debtors and their ancestors going back two generations in its notice published on Friday. Sangam Prasain is Business Editor at The Kathmandu Post, covering tourism, agriculture, mountaineering, aviation, infrastructure and other economic affairs. The company owns around 3. Casino operators must pay the government an annual royalty of Rs30 million set by the Financial Act. According to department officials, the interim order allows the gaming houses to operate under the old regulation, but they are legally required to pay the annual royalty fixed by the Financial Act. Related News. The defaulting firms have been told to settle their overdue royalties and taxes with penalty and interest. As per the regulation, casino operators have to pay a Rs20 million fee to obtain a casino operating licence. The office said that it took action after these casinos failed to clear the dues despite repeated reminders. They are also required to renew the licence annually by paying 50 percent of the operating licence fee.

The government on Friday issued a strongly worded ultimatum to non-paying casinos,mini casinos and hotel operators to clear their outstanding payments totalling more than Rs1.

Published at : March 6, Updated at : March 7, Sangam Prasain Sangam Prasain is Business Editor at The Kathmandu Post, covering tourism, agriculture, mountaineering, aviation, infrastructure and other economic affairs. The money must be deposited within two months of the start of a new fiscal year.

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Dandu Raj Ghimire, director general of the department, said that there were a few other casinos, besides those named by the Kumari Chowk Office, that have not cleared their royalties and taxes. He joined The Kathmandu Post in October Money Government issues day ultimatum to non-paying casinos and hotels The defaulting firms have been told to settle their overdue royalties and taxes totalling Rs 1.