Gambling business in Myanmar: reality and prospects

Gambling business in Myanmar: reality and prospects

Gambling in any form has been banned in Myanmar since 1986. And all this time, for almost 30 years, the governmental structures have been trying to fight the illegal business, which is flourishing in the country despite the conservative legislation. Underground casinos and gambling clubs in Myanmar feel little or no oppression from the authorities. Ironically, one of the reasons for this "prosperity" of illegal gambling establishments is the growing tourism industry.

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Since 2010 the level of tourist interest in Asian countries has risen significantly. The peculiar flavor of the region, peculiar food and culture, exclusive resorts - all this attracts hundreds of thousands of guests from Europe, the United States and Russia every month. From 2011 to 2017, more than 10 million tourists visited Myanmar. The rapid influx of foreign visitors ready to spend money in the country's resorts and entertainment venues has prompted frontline members of the government to revise the law to legalize casinos.

Wanting to further raise the prestige of tourism in the country, Myanmar's Ministry of Hospitality has proposed legalizing gambling. In early 2018, a draft law on gambling came before the government.

Ban it, legalize it!

It is hard to guess how long it will take officials to revise the current gambling legislation, but many experts are already pointing out in advance the features, advantages, and possible problems of legalizing gambling in Myanmar.

The main advantages, according to the country's regional ministers, are the following:

Land-based casinos in resort areas will create tens of thousands of jobs and modernize regional infrastructure.

Gaming establishments will increase the economic attractiveness of the country for foreign investment.

Casinos and clubs will become a stable financial source for the budgets of the regions and the country as a whole.

As a result, Myanmar will become a competitive country with a developed tourism business. At the initial stage of the project organizers hope for an increased interest of visitors from India and China, where gambling business is poorly developed.

As a "trial balloon" it is planned to open gambling establishments in several resort areas in hotels with foreign tourists. And the hotel must have at least three-star status. This will greatly increase the attractiveness of the complexes themselves and will quickly increase tax revenues to the treasury.

The entire future land-based casino industry in Myanmar will be put under strict control of the government organization. At the start of the project only tourists will be allowed to play in the casino. With the help of such restrictions it is planned to keep the local population from gambling addiction.

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