The government has given a seven-day ultimatum to several casino companies to pay the arrears of casino royalties and renewals pending for a long time.
The Department of Tourism under the Ministry of Culture, Tourism and Civil Aviation has given seven companies seven days to pay the remaining arrears of casino royalty and renewal till current fiscal ear. Seven companies have not paid the arrears of Rs 871.51 million. Of these, two are licensed to operate casinos and three are licensed to operate only through modern machines or equipment.
The Department of Tourism has issued a public notice today warning the casino companies of taking legal action against them for not paying the arrears within the stipulated period.
According to the department, Hotel Yak & Yeti Pvt. Ltd., which has a casino license, will have to pay Rs 206.8 million and riental Hotels Ltd (Radisson hotel) has to pay Rs 187.6 million.
Similarly, casino operators Happy Hour, Rock International and Central Media Pvt. Ltd have yet to pay arrears as well. Happy Hour owes Rs 215.5 million, Rock International owes Rs 114.582 million and Central Media owes Rs 133.95 million.
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