KATHMANDU, July 15 : The government has raised the minimum paid-up capital requirement to open a casino to Rs 200 million, according to the newly issued Casino Regulation 2080 BS.
Previously, the threshold was Rs 150 million for small casinos operating with modern or electronic gaming machines. For large casinos, the new regulation now requires Rs 300 million in paid-up capital, up from the earlier Rs 250 million.
Hyatt Place Hotel and Casino Marina sign casino lease agreement
The application fee has also been revised to Rs 1.5 million for large casinos and Rs 1 million for small ones. Likewise, the licensing fee has been raised to Rs 30 million for large casinos and Rs 15 million for small ones.
The updated regulation now allows casinos to be opened within five kilometers of international borders, subject to district security committee recommendations and detailed security assessments.
Each casino must also deploy at least 20 trained security personnel, and only one casino will be permitted within the same hotel or resort premises.
