πŸ’° Legalisation of Casinos under the new Gambling Law | ZICO Law

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The GL prohibits the public from all forms of solicitation or collection of stakes for gambling, gambling or being present in a Gambling-house, run.


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Casinos will be allowed to operate in Myanmar after amendments are made to the Gambling Law by the Ministry of Home Affairs (MHA), is enacted, said U Aung​.


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Casinos will be allowed to operate in Myanmar after amendments are made to the Gambling Law by the Ministry of Home Affairs (MHA), is enacted, said U Aung​.


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Myanmar is currently the only country in southeast Asia, along with Thailand, that does not have legal casinos, although illegal gambling.


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Gambling in Myanmar will soon become legal. Gaminator experts know everything about new laws & will help you launch an online business almost in any.


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The GL prohibits the public from all forms of solicitation or collection of stakes for gambling, gambling or being present in a Gambling-house, run.


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The gambling landscape in Myanmar has finally been legalised with the introduction of the Gambling Law (Pyidaungsu Hluttaw Law.


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The Law does not mention anything on the repatriation of the money, especially as gambling is exclusively for foreigners. Violations under the Law can lead to penalties which stretches from terms of imprisonment ranging from one month to five years and prescribed fines of up to MMK 1 million. This site is best viewed in Google Chrome. With a presence in 18 cities in all 10 ASEAN countries, over lawyers enable our clients to enjoy value-added legal services by leveraging on a combination of local expertise and regional insights. With the passing of the Law, casinos will now be allowed to operate albeit under specified terms and conditions imposed by the Government. Further notifications or directive is needed to clarify this glaring issue. In May the Law was passed and repeals the GL The aim of the law is to have a modernised gambling law while at the same time boosting tax revenues and tourism. This is as currently, the process of sending money out from Myanmar is quite difficult and supporting documents need to be provided. By allowing casinos to operate legally in the country and setting rules and regulations to for a more systematic operation, it will help to improve government tax collection and action can be taken on illegal casinos operating at the border. Another important clarification needed will be on the repatriation of the money. Contact us.{/INSERTKEYS}{/PARAGRAPH} Thuzar Tin. While the Law allows for the establishment and opening of casinos with specified terms section 23 it can only do so with the permission of the Union Government. All rights reserved. Myanmar introduces draft Industrial Zone Law to govern the development of the industrial sector. Previously, the government had allowed investment in E-lottery business in form of joint venture with the Government with the recommendation of Ministry of Planning and Finance. {PARAGRAPH}{INSERTKEYS}Illegal gambling is more harmful than legal wagering and the legalisation of casinos will help in protecting citizens against any mistreatment or cheating, provide revenue to the country as well as creates jobs for the locals and promotes a safer environment for people to gamble. News Alerts Publications Events. The Law also provides the courts with the ability to offer and grant rewards to those who inform them on any gambling. In addition to that, only foreigners were allowed to enter the casino. Moreover, the permissible or target areas to operate the casino business also need to be clarified. This will open the doors to both foreign investors and tourists and create more employment opportunities for Myanmar citizens. Legalisation of Casinos under the new Gambling Law This alert is for general information only and is not a substitute for legal advice. Contributing Authors:.