They did not pay their taxes and royalty fees for a long time.Ĭasino Royale housed at the Hotel Yak & Yeti run by Surendra Bahadur Singh under Gilt Investment operated under the old casino regulation since the Supreme Court issued the interim order on March 28, 2016. Three casinos-Royale, Venus and Rad-continued to operate taking advantage of a Supreme Court interim order allowing them to remain open. Subsequently, the gambling houses went to the Supreme Court to have the new regulation cancelled. In April 2014, the government decided to shut down all casinos not abiding by the Casino Regulations 2013 and terminate the licences of those defaulting on royalties. It decided to get tough as the casinos were habitually defaulting on taxes and disregarding the rule barring Nepalis from entry. In July 2013, the government introduced regulations to keep wayward casinos under a firmer grip. Tourism Minister Prem Ale made the decision to this effect on Wednesday. “We acted as per the court ruling and decided to close down the hotel,” Mohan Bahadur GC, director at the Tourism Department, told the Post. The Yak & Yeti owes Rs420 million in royalties and other fees for the current fiscal year. Justices Cholendra Shumsher Rana, now chief justice, and Dambar Bahadur Shahi had issued the decision. The department said that, acting on the Supreme Court verdict issued on June 26, 2018, the Tourism Ministry on Wednesday decided to scrap the operating permit of one of Nepal's oldest five star hotels, the Yak & Yeti, and its casino licence for non-payment of taxes by its casino for a long time.

According to the Tourism Department, the court said that hotels are liable to pay the dues if the casino on their premises fails. In the following year, the apex court issued a contrasting verdict. Interest on the principal has accumulated to Rs281.44 million. Rakesh Wadhwa, owner of Nepal Recreation Centre who owes Rs535 million, fled.

With regard to money owed by Casino Nepal housed at the Soaltee Hotel, the court decided that the debts should be collected from Nepal Recreation Centre which has leased the casino from the hotel, although the licence belongs to the hotel.Īs a result, the government lost Rs61 million in revenue from a single hotel.

In December 2017, a division bench of now retired chief justice Gopal Parajuli and Justice Bam Kumar Shrestha ruled that hotels are not liable to pay the dues and taxes of the casino located on their premises.

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