fbpx

Foreign casino operators looking to set up in Myanmar

A number of casino operators from Hong Kong, Taiwan and Macau have enquired about operating casinos in Myanmar following the passing of the Gambling Law 2018 in May, which replaced an earlier law from 1986.

Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin said casino operators from Hong Kong, Taiwan and Macau have been actively seeking out opportunities in the country following the passing of the law, which allows only foreigners to enter casinos.

“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 plans to allow casinos into the country as a tourist attraction and boosts its tax revenue.

Source: Myanmar Times

To see the original article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar