Mongolian Parliament Considers Legalization of Gambling Activities

Mere hours ago, the Parliament of Mongolia announced that there is a possibility for a gambling legislation bill to be proposed in the next few days. The aim of the Mongolian authorities is to make the country an attractive gambling hub.
According to the initial plan, the idea of the Mongolian officials is to attract players who currently visit the casinos based in the neighboring countries and therefore, boost country’s economy which is getting more and more problematic.
For the time being, Mongolia relies predominantly on the mining industry but in order to get its economy stabilized, authorities definitely need to adopt an effective approach and apparently, they have decided that the development of the gambling industry will lead to a successful result.
Last Thursday, the Mongolian Cabinet Secretariat gave the nod to a draft bill. If everything goes according to the plan, two casinos will be established on Mongolian soil. They are expected to be superior to the ones, located in Macau and to lure players who usually go to the Macau-based casinos.
It seems like Mongolian authorities do not want to waste time and resources. The Asian gambling sector is currently undergoing significant revival, despite the revenue-related issues in Macau.
Several prominent companies have already expressed their keen interest in expanding their business and entering Asian markets. Vietnam and South Korea are planning to establish luxurious integrated resorts, City of Dreams opened doors in the Philippines mere weeks ago and obviously Mongolian officials have suspected the potential benefits the gambling legislation would bring to the tourism and leisure industries and the economy in general.
In the next few days, the Parliament will vote on the bill but that is not likely to happen before February 18th.
A representative of the Working Party announced that there are certain clauses included in the bill that prohibit Mongolian residents from participating in gambling activities.
Although the exact location of the future casinos has not been determined yet, people familiar with the matter suppose that the Khushigt Valley International Airport is one of the probable locations. The casino is to be owned by private investors and it will be one of the factors believed to be beneficial for boosting the economy and the tourism sector in particular.
As soon as the bill passes and all restrictions imposed on Macau by Xi Jinping come into force, tourists who are not allowed to visit Macau are likely to visit Mongolia instead and they will find the same variety of gambling and leisure facilities.
In point of fact, Mongolian authorities gave the green light to the casino legislation five years ago but later,the legislation was annulled because the officials were afraid that the gambling activities would lead to corruption and other social issues.



Post a Comment

Facebook page

Powered by Blogger.


Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive