Mongolia may create gaming zones on the borders with Russia and China
The Government of Mongolia has tabled a draft law on the creation of casinos within the border territory with Russia and China to the Parliament – the State Great Hural.
If the MPs approve the initiative, gambling venues may be constructed in Altanbulag (near Russian city Kyahta in Buryatia) and Zamyn oud (on the border with China).
Casino operators will need to get a license for 10 years. It will cost from 20-75 billion MNT ($9-40 million).
This is not the first attempt to legalize gambling in Mongolia. Since 1998, the state government has introduced corresponding draft laws for three times. However, all of them were blocked, due to the concerns regarding the widespread of gambling addiction among local citizens.