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Myanmar plans to legalize casino gambling in May


Myanmar plans to legalize casino gambling in May

Myanmar is planning to legalize casino gambling with an aim to boost the tourism industry and attract the local tourism industry and attract foreign investors. Myanmar is looking forward to legalize gambling in Myanmar in May when the nation's 2018 Gambling Law gets enacted. Reports suggest that selected hotels will be able to add a few casino operations under the new law.

The reports also suggested that President U Win Myint has recommended the proposed amendments to the country's Gambling Law from 1986 and it is now up to the Parliament which will be approving the legislation before it becomes a law. It is being speculated that the lawmakers are all set to resume work after  Thingyan (Burmese New Year Festival) in mid-April. In 2017, the news of this country legalizing casino gambling broke out when the Ministry of Hotels and Tourism requested the permission of casinos at a few selected hotels across islands which are popular with international tourists. The legislation will be allowing the casinos on the territory of Myanmar. This legislation was drafted in 2017 by the Ministry of Home Affairs and the Ministry for Union Government Office. Although casinos are not permitted in the country, several operational gambling venues of this type on remote islands and border areas which allows its customers to entertain themselves in the casino gambling. This gambling law shall curb unregulated gambling and it would also create a tax revenue source from legal gambling services and for boosting tourism in the country. Myanmar is one of the few regions of the Southeast Asia which doesnot allow gambling.