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Goa’s Casinos Stare at Lean Pickings Due to Modi’s Currency Ban

© AFP 2023 / STRDEL West Indies cricketer Chris Gayle plays poker on a floating casino in Panaji, Goa. (File)
West Indies cricketer Chris Gayle plays poker on a floating casino in Panaji, Goa. (File) - Sputnik International
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Goa’s casinos were already in the middle of a political storm, when Indian Prime Minister Narendra Modi’s sudden demonetization drive sucked out liquidity from the system and rendered them idle. The slowdown comes when an anti-corruption party is already promising to rid Goa of "sex and gambling."

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New Delhi (Sputnik) — The booming business of casinos in Goa is gasping just when the peak season is around the corner thanks to the Indian Prime Minister Narendra Modi’s stunning move to overnight ban all high value currency notes.

“We have been sitting idle for the last couple of days. We have run out of Rs 100 notes and so have the customers. We do not want to lose our patrons, so are ready to accept the old currency notes. But the customers don't want the prize money in old currency notes,” said an owner of a popular casino in off the famous Dona Paula beach, who did not want to be named.

The currency ban is an added headache for Goan casinos. An aggressively anti-corruption party, the Aam Aadmi Party (AAP), has put ‘ridding Goa of gambling and sex’ on top of its election agenda. “Casinos and gambling are not part of Goan culture…Only AAP can shut casinos in Goa,” said party convener and Delhi Chief Minister Arvind Kejriwal.

Casinos are one of the biggest revenue earners for Goa after mining and tourism. Casino owners say they are licensed legal businesses and plan to approach the judiciary if AAP manages to unseat the ruling BJP and tries to turn the screws on their business.

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