Goa outlines new casino policy

Goa Chief Minister Manohar Parrikar made a statement on the floor of the legislative assembly on Friday announcing that offshore casinos in the state will be shifted to a designated gaming zone within a period of four years, G.Laws reports.

Parrikar also stated that licenses will be given for a period of 10-15 years and only tourists will be allowed to visit casinos. He further stated that a Gaming Commissioner to regulate casinos would be appointed to regulate and oversee casino activities in the state.

He added that a formal Casino Policy announcing the road-map of shifting offshore casinos and the regulatory framework for the gaming industry would be prepared by the end of this month.

The Goa CM has made a commitment before the legislative assembly for the long awaited reform, which is expected to be fulfilled through necessary changes in the rules and notifications by the end of August, 2018.

Moving the state’s floating casinos to an onshore location is expected to be a gamechanger for operators, creating scope for the construction of IRs.