Development is about to begin in the state of Sikkim, India’s second casino jurisdiction. Sarovar Hotels & Resorts will construct one of its five-star Park Plaza brand hotels-with casino-in the city of Gangtok.
The project is the first to be announced since the state completed its casino regulatory policy in 2007. According to those rules, casino licenses are granted for five years for a fee of 5,000 rupees, about $125. The state also takes 25 percent of annual GGR.
A casino must be located in a five-star hotel and open 24 hours. Advertising in all media is allowed and casinos may provide clients with credit. Players must pay an entry fee of 1,500 rupees, about $37.50.
Other prospective casino developers include the DLF Group and Ambuja.
Sikkim is situated on India’s border with Nepal, which has casinos in operation.