Five casinos run in five-star hotels in Kathmandu and Pokhara have been under scanner for some time now for evading payment of taxes.
Two of these casinos are owned by Nepal Recreation Centre belonging to Rakesh Wadhwa, a 53-year-old Indian from Kolkata. He has two more casinos in Nepal.
Reports say that Wadhwa, the unrivalled king of the Nepal casino business till the start of this year, lost control of two of his casinos in recent months and has fled the country.
Informing media persons about Tuesday’s move, PAC chairman Ram Krishna Yadav said that licenses of casinos would also be cancelled if they flout rules and allow Nepali citizens to gamble.