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Govt Collects Rs 810 Million in Royalties from Casinos   

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Govt Collects Rs 810 Million in Royalties from Casinos   
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February 21: The government has collected Rs 810 million in royalties from various casinos operating in Nepal. The amount was collected following the instructions of Minister for Culture, Tourism and Civil Aviation Prem Bahadur Ale.    

The license of Kathmandu-based Yak and Yeti Hotel to operate casino was scrapped for defaulting royalties.  Minister Ale warned of similar action in case others fail to pay royalties.    

"Now casinos have been in rush to pay royalties. So far, Rs 810 million in royalties have been collected. Some other casinos are preparing documents to clear the dues," said Khem Raj Joshi, officer at the Department of Tourism.    

According to the Department, so far, 17 casinos including Golden Finger Gaming Zone have paid royalties. It has been learnt that arrears amounting to over Rs 1.11 billion are yet to be paid in royalties. -- RSS  

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