Myanmar to allow casino gambling

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Myanmar is close to legalize casino gambling in a bid to boost the local tourism industry and attract foreign investors. Gambling will become legal in the country in May when the nation’s 2018 Gambling Law is set to take effect. Select hotels In Yangon and Mandalay will be able to add casino operations under the new law, Myanmar Times wrote.

According to Myat Nyarna Soe, Secretary of the Pyidaungsu Hluttaw (Assembly of the Union) Joint Bill Committee which drafted the new legislation, the nation can no longer ignore the illegal border casinos as well the gambling venues operating in neighbouring countries.

While casinos are currently not permitted in the country, there are several operational gambling venues of this type on remote islands and in border areas, including in the self-administered zones of Kokang and Wa.

According to the report, 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 to approve the legislation. Lawmakers are set to resume work after this year’s Thingyan (Burmese New Year Festival) in mid-April.

News about the Southeast Asian country’s plan to legalise casino gambling first emerged in 2017 when the Ministry of Hotels and Tourism requested the permission of casinos at selected hotels across islands that are popular with international tourists.

The legislation allowing casinos on the territory of Myanmar was jointly drafted that year by the Ministry for Union Government Office and the Ministry of Home Affairs.

The new Gambling Law will aim to curb unregulated operations, create a tax revenue source from legal gambling services and boost the local tourism industry. However, it is yet to be determined whether the new rules and regulations would apply to already existing casinos in self-administered zones.

Myanmar citizens will be able to operate casinos and to be employed at the facilities. However, gambling at those will be strictly prohibited and punishable for them under the new law. In addition, casino operators allowing residents of the country to gamble will face fines and sentences and will be forced to shut their operations down.

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Myanmar is close to legalize casino gambling in a bid to boost the local tourism industry and attract foreign investors. Gambling will become legal in the country in May when the nation’s 2018 Gambling Law is set to take effect. Select hotels In Yangon and Mandalay will be able to add casino operations under the new law, Myanmar Times wrote. According to Myat Nyarna Soe, Secretary of the Pyidaungsu Hluttaw (Assembly of the Union) Joint Bill Committee which drafted the new legislation, the nation can no longer ignore the illegal border casinos as well the gambling venues operating in neighbouring...

Reading Time: 2 minutes

Auto Draft

Myanmar is close to legalize casino gambling in a bid to boost the local tourism industry and attract foreign investors. Gambling will become legal in the country in May when the nation’s 2018 Gambling Law is set to take effect. Select hotels In Yangon and Mandalay will be able to add casino operations under the new law, Myanmar Times wrote.

According to Myat Nyarna Soe, Secretary of the Pyidaungsu Hluttaw (Assembly of the Union) Joint Bill Committee which drafted the new legislation, the nation can no longer ignore the illegal border casinos as well the gambling venues operating in neighbouring countries.

While casinos are currently not permitted in the country, there are several operational gambling venues of this type on remote islands and in border areas, including in the self-administered zones of Kokang and Wa.

According to the report, 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 to approve the legislation. Lawmakers are set to resume work after this year’s Thingyan (Burmese New Year Festival) in mid-April.

News about the Southeast Asian country’s plan to legalise casino gambling first emerged in 2017 when the Ministry of Hotels and Tourism requested the permission of casinos at selected hotels across islands that are popular with international tourists.

The legislation allowing casinos on the territory of Myanmar was jointly drafted that year by the Ministry for Union Government Office and the Ministry of Home Affairs.

The new Gambling Law will aim to curb unregulated operations, create a tax revenue source from legal gambling services and boost the local tourism industry. However, it is yet to be determined whether the new rules and regulations would apply to already existing casinos in self-administered zones.

Myanmar citizens will be able to operate casinos and to be employed at the facilities. However, gambling at those will be strictly prohibited and punishable for them under the new law. In addition, casino operators allowing residents of the country to gamble will face fines and sentences and will be forced to shut their operations down.

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