Economics and statistics

Nepal's gambling economy is built on a tourism model: GGRs generate hotel casinos accessible only to foreigners.

State revenue is royalties, annual royalties and taxes, and the multiplier goes to the hotel sector, F&B, transport and MICE.

The geography of revenue is concentrated in Kathmandu, Pokhara and border cities with guest traffic from India.

The income profile is sensitive to seasonality, visa/border regime and air traffic; tables (including Teen Patti/Andar Bahar) give a meaningful share of GGR near slots and ETGs.

Operational costs - compliance (KYC/AML), security, cash infrastructure, personnel.

There is no online segment, so the structure of receipts is entirely offline.

Basic monitoring metrics: visits, drop/handle, win rate, win-per-table/slot-per-day, number of rooms, as well as the share of border traffic and VIP.

The general trend is moderate growth with stable tourist flow and maintaining strict discipline of access for residents.