Myanmar is expecting a new gambling legislation to get approval from the parliament this month. Earlier in April this year, the Myanmar government had announced that they are looking forward to introducing a new casino and gambling regulation in the country in May.
The new legislation was drafted jointly by Myanmar’s Ministry for Union Government Office and the Ministry of Home Affairs following a request from the country’s tourism ministry which sought permissions for casinos to operate legally in the country for foreigners.
It is expected that the legislation gets the parliamentary approval this month. Currently, the gambling activities in the country follow the 1986 legislation, but it is likely that it is replaced by the new 2018 Gambling law.
While the new legislation calls for establishing foreigner-only casinos, it is yet not clear whether the new laws will hold good for self-administered zones in the border areas.
Casinos and gambling are illegal in Myanmar. The only gambling activities taking place in the country is limited to border areas like Taninthayi and Myawaddy, and in the Wa and Kokang self-administered zones.
Casino and gambling market in Asia is fast growing, and the country is looking forward to benefiting from the expanding market.
Myanmar along with Thailand are the only two Southeast Asian countries that do not have casinos or legal gambling.