Mongolian Gambling industry . Since November 2016 an Asian country revealed its intentions to legalize the gambling industry this year, in the action that looked forward to this fact it was approved the creation of a government’s special team.
The Judicial Standing Committee of Mongolia was the one in charge of the approval of the special team that will oversee the drafting of an upcoming casino bill. “L. Enkhbold,” Member of the Parliament will be the leader of the group.
It would be the second attempt to legalize the development of casino resorts in Mongolia and the gambling bill would ban the participation of residents in the entertainment centers. According to several researches their first attempt to legalize casino industry in Mongolia was in 2012, when legislators introduced a gaming bill that was rejected later that year. (READ SO JAPANS OPENS A NEW GAMBLING MARKET)
The casino draft would be based on current Vietnamese, South Korean and Cambodian legislation. The gaming activity will be held near Mongolia’s borders with Buryatia and Kyakhta in Russia, China, as well as in international airports in Ulan Bator, Mongolia’s capital.
The new casino project would propose the legalization of two casinos for tourists, which would be expected to collect between US$29.7 million to US$52.2 million.
