Greater China investors eye Myanmar

Myanmar
Myanmar

Casino investors from Hong Kong, Taiwan and Macau have all made enquiries about operating in Myanmar after the government passed new regulations in May, local media reports.

The new Gambling Law 2018 allows foreigner-only casinos in the country. 

Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin was cited as saying casino operators from Hong Kong, Taiwan and Macau have been actively seeking out opportunities.

“These operators have been seeking information and surveying the market in Myanmar. They’re looking to set up business either in Yangon, border areas or on islands,” he said. While the law has been passed, U Thant Sin Lwin said specific rules and procedures still need to be in place before operators can set up casinos, whether as stand-alone businesses or with hotels attached.

The government is seeking to boost tourism and tax revenue.