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Casino du Liban to Launch Online Gambling and Sports Betting

Published

6 years ago

on

Casino du Liban to Launch Online Gambling and Sports Betting
Photo Source: casinoduliban.com.lb
Reading Time: < 1 minute

 

Casino du Liban, the only legal gambling centre in Lebanon, is planning to launch online gambling and sports betting in six months.

It remains to be seen if Casino du Liban’s online gambling site will launch as promised and who will manage its online operations. The casino’s land-based gaming operations are managed by London Clubs International, a division of Caesars Entertainment, which has plenty of online gambling experience.

Roland Khoury, the Chairman of Casino du Liban, said that once Casino du Liban’s site is up and running, the Lebanese government would “block the rest of the online gambling sites” to protect its casino monopoly from international online interlopers.

Casino du Liban is currently paying 50% tax on its slot machine revenue, with an annual tax bill of around $45m. The estimated 200 “amusement centres” offering electronic gaming to Lebanese adults pay only around $5m in total. If these shops were closed, slots activity at Casino du Liban would soar and boost the government’s tax revenue. Khoury suggested the government to cut the Casino du Liban’s slots tax by 10 points to 40%, if the shops were not closed.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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