▲ Up
 
18:25 29-06-2017
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Mongolia intends to establish casino resorts to boost tax revenue
14:34, 11 January 2017, 4038
Twitterfacebookprint

AKIPRESS.COM - Mongolia is moving forward with plans to establish casino resorts in the country in an attempt to tap into Asia's lucrative gambling business and thereby boost tax revenue, reports news.mn.

The Judicial Standing Committee on January 10 decided to establish a working group to draft legislation for the development of casino resorts under the leadership of MP L.Enkhbold.

An earlier casino bill was submitted in 2012 and received much support in the State Great Khural; however, it was not passed.

The new legislation proposes a model currently used in Vietnam, South Korea and Cambodia where only foreign nationals are permitted to gamble in specially created resorts, often near the border or international airports.

Mongolian citizens will be prohibited to gamble in casinos.

Under the new bill, Mongolia will establish two casino resorts which are expected to generate MNT 74-130 billion in tax revenue annually.


Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
Twitterfacebookprint
LATEST NEWS
17:52 Tekebayev confirmed on the phone that he received money – witness Mayevsky17:27 'Tekebayev said he is ready to help buy Megacom' — Mayevsky17:27 Tekebayev denies any wrongdoing, says "not a penny taken from Mayevsky"16:58 Russian businessman who claims to have paid $1 million to Tekebayev in exchange for MegaCom shares says he 'feared ex-Prosecutor General'16:41 Parliament establishes March 5 as a Day of Kalpak and National Clothing16:40 Atambayev-initiated construction of hospital starts in Batken16:28 China's Xi tells Hong Kong he seeks 'far-reaching future' for its autonomy16:23 Kyrgyzstan offers Hainan Airlines to buy 49% shares In “Kyrgyzstan” air company16:17 Mongolia changes presidential runoff date to July 716:01 Eritrea FM visits Astana in first ever government-level visit of Eritrea representative to Kazakhstan16:00 Combined passport readers to be used in presidential election in Kyrgyzstan15:41 North Korea calls for execution of South Korean ex-president and aide15:21 Cargo transported by crashed Boeing 747 do not belong to specific individual — investigation commission15:19 Poland President to visit Astana in Sept for EXPO15:18 700 meters of a tunnel drilled on North-South Alternate Road – Ministry of Transport15:07 South Korea to buy American gas, build new factories in US14:59 MP necessitates work with Kyrgyz diasporas on prevention of crimes against women14:58 Kazakh Central Election Commission website came under cyber attack amid Senate elections14:49 Kazakh Senate election results14:24 Uzbekistan, Lukoil vow to boost cooperation
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75