Myanmar considers legalising some gambling for more state revenue

Yangon (dpa) – Myanmar plans to legalise some types of gambling, including casinos for foreigners only in upper-tier hotels, an official said Wednesday.

“We have finalised the reformed gambling law and are ready to send it to the parliament for suggestion, discussion and then approval,” said an official of the Home Affairs Ministry, who asked that his name be withheld.

Currently illegal forms of gambling such as casinos and lotteries are to be legalised and regulated, he said.

“It’s better to get more revenue for country by legalising the illegal lotteries,” the official said.

Some estimates suggest that around 70 per cent of Myanmar’s adult population engage in illegal gambling, from lotteries to football bets.

“Also casinos for only foreigners would be allowed at three-stars and above hotels if the parliament agrees to our proposed law,” he said.

The possibility of legalising gambling was contained in the tourism master plan published in 2013 to attract about 7 million tourists a year by 2020.

Source: The Nation

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.

 Opportunities from COVID19


Looking for foreign investors to invest in your business in Myanmar