Hotel Association Nepal Demands Removal of 10% Share Rule for Casinos
Summary
Hotel Association Nepal has urged lawmakers to drop a proposed rule requiring star hotels to hold a 10 percent stake in casino operations. The association also called for voluntary casino investment rules, foreign joint investment in hotels, and a CSR provision for the hotel sector.
Key Points
- Hotel Association Nepal wants the mandatory 10 percent hotel share in casino operations removed from the Tourism Bill, 2081.
- HAN President Binayak Shah said hotels should only invest in casinos voluntarily and warned about legal and financial liabilities after casino closures.
- The association also asked for foreign joint investment in hotels and a CSR provision similar to the one for casinos.
- The proposed bill includes a rule requiring Everest climbers to have previously climbed a peak above 7,000 meters.
