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Lebanon Loses Millions of Dollars in Revenue for Refusing To Legalize Gaming

Gaming Online Lebanon Loses Millions of Dollars in Revenue for Refusing To Legalize Gaming Lebanon has had its share of strife over the last 50 years. It is located in the center of the Middle East, which means that it is at the crossroads for wars and trouble from Israel, Egypt, and Syria. Most recently, the civil war in Syria has left Lebanon strapped for cash as it tries to handle the overflow of refugees on its borders. This makes it all the more difficult to understand why the country, which has had a bill to approve online gaming in the parliament in one form or another since 2012, has not done anything to legalize it. In fact, economic experts have noted that Lebanon is losing money each year to illegal gaming in the country as well as outside it. Many people within the Lebanese government believe that if Parliament cannot get a bill passed, especially at a time when it is desperately needed, the country will be losing a valuable income stream . Currently, the only gaming available in Lebanon is the Casino du Liban, a coastal casino just north of the capital of Beirut. The casino boasts about 135,000 square feet of gaming space, with 400 slot machines, 60 gaming tables, a showroom, theater, nightclubs, and restaurants. The casino has been open for 60 years and has undergone several renovations, especially after the Lebanese Civil War in the late 1980s and early 1990s. The historic casino, which is owned by Caesars Entertainment, has many featured entertainers and has been visited by many members of royalty. The company reported more than 121 billion Lebanese pounds in revenue for 2017.

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