Draft of Casino Law submitted to Parliament - News.MN

Draft of Casino Law submitted to Parliament

Old News! Published on: 2015.02.04

Draft of Casino Law submitted to Parliament

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A draft of the Casino Law has been created to coordinate the activities of casinos and in order to determine monitoring mechanisms and regulations by the state.

The current draft reflects terms for enterprises conducting gambling activity, regulations for license holders, and coordination of casino activity and state monitoring.  

Mongolia has been listed 99 among 140 countries according to tourism development, and 19 among 25 countries in the Asia-Pacific region.  In 2013, almost 417,000 tourists traveled to Mongolia, and the revenue of the sector has reached 263 million USD, making up 5.29 percent of the nation's GDP.

By resolving barriers creating limitations for the development of the tourism sector in Mongolia, and by improving the capability to compete in the international arena, a goal has been set to generate 14 percent of GDP from tourism revenue by 2020. 

In order to intensify the development of this sector and increase the currency flow, industry analysts say that it is necessary to start casino activity in Mongolia, and to continue its development.

 

 

 

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