Tiger Palace nears opening as Nepal’s casino sector stirs

Nepal’s casino sector appears finally to be poised for expansion, with new properties opening and foreign investors entering the market, drawn by the lure of untapped demand in neighboring India and increased business traffic. The industry is one of the oldest in Asia, but has been through a transitional period, with new international standard gaming regulations introduced in 2013 and with the country hit by an earthquake and temporary border issues in 2015.  However, the picture is brightening. Nepal recorded a 31 percent gain  in tourist arrivals for 2016 to 729,550, although these numbers don’t include those crossing by land from India. The economy has also rebounded, recording growth of 7.2 percent in the fiscal year ending mid-July, its highest rate in more than 20 years, though  momentum is expected to slow slightly this year. The foreign investment pipeline into the country looks healthy, bringing in a steady flow of business travelers,...

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