Govt collects Rs 764.50 million in royalty dues from casinos, six casinos yet to pay Rs 1.11 billion

Govt collects Rs 764.50 million in royalty dues from casinos, six casinos yet to pay Rs 1.11 billion
By Republica
Published: February 20, 2022 06:05 PM

KATHMANDU, Feb 20: The government has recovered royalty dues of casinos worth Rs 764.50 million after the authorities stepped up measures to take action against those dilly-dallying to clear their liabilities.

According to the Department of Tourism (DoT), 17 casinos have paid the aforementioned amount to the authorities. The government is yet to recover Rs 1.11 billion in royalty from six casinos.  

The DoT officials said the casinos came forward to clear their dues only after the government scrapped the operating license of Yak & Yeti Hotel Limited on a similar charge. The government authority also revoked the five-star classification of the hotel for the non-payment of the royalty fee worth Rs 420 million to the state.

Hotel Yak & Yeti however has been claiming that it does not have any financial liabilities due to the government.

 

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