Goa’s floating casinos may have nowhere to go next summer after the local mayor said he won’t renew their business licenses.
The city government would refuse to renew the licenses of Goa’s six floating casinos when their current six-month stay of execution expires next spring.
Madkaikar said the Corporation of the City of Panaji (CCP) intended to pass a resolution that would decline to renew the floating casino licenses and their right to utilize signboard registrations.
Without these renewals, the floating casinos “will not be able to do business here. They will have to shift their business operations and … automatically move their entry point out of Panaji.”
All well and good, except the state government has yet to figure out a permanent spot for these shipboard gaming operations.
Madkaikar also took issue with the state government’s failure to follow through on its pledge to ban local residents from gambling in casinos.
He claimed that while out-of-state tourists packed the casinos on the weekends, 80% of mid-week casino traffic consisted of local residents.
Madkaikar’s comments came days after Goa’s Chief Minister Pramon Sawant told his fellow legislators that he agreed with the sentiment.
“casinos are for tourists. We will fix a date. After this date, no more Goans will be allowed in casinos.”
Like it or not, Goa’s casinos are an important part of the state’s operating budget.
The six floating and eight land-based casinos contributed Rs4.11b (US$57.7m) in taxes and fees to government coffers in the most recent fiscal year.