Kathmandu, February 10
The government has ordered the operators of the five-star Hotel Yak & Yeti in Kathmandu for failing to pay outstanding casino taxes on time.
Issuing a notice on Wednesday, the Department of Tourism informs the hotel is yet to pay Rs 422.57 million in casino royalties and renewal charges. The department says the government has ordered the closure of the hotel and the casino as the hotel management did not pay the outstanding taxes despite repeated follow-ups.
Culture, Tourism and Civil Aviation Minister Prem Bahadur Ale made the decision on Tuesday, according to the department.
Meanwhile, the government also decided to freeze all of the bank accounts and real property of Hotel Yak & Yeti. Likewise, the five-start category certificate of the hotel has also been cancelled.