Laos Considers Shifting Towards Online Gambling
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Laos is considering introducing online casinos modeled after POGOs. The government is currently deliberating on passing rules that will create a framework that enables companies to apply for licenses. Laos has been mostly relying on its brick-and-mortar business, but this is changing now. The country has to deal with the fallout of the COVID-19 pandemic which has impacted tourism revenue and the gambling industry. Since Laos only operated brick and mortar properties, it has lost revenue. Illegal gambling operations proliferated, depriving the central government of taxable revenue, as well.
Laos wants to become a direct competitor of POGOs. Laos Offshore Gaming Authority has been set up to help the country navigate this promising market. The government has not offered any further detail about the regulated online gambling market in Laos.
