Currency demonetization baffles Goa casinos

Five offshore casino operators in Goa are left stunned by the sudden decision of Indian Finance Minister Arun Jaitley to scrap 1,000 and 500 rupee notes.

The Times of India reported that the demonetization of 1,000 and 500 rupee notes was part of the government’s anti-graft and corruption crackdown and to reportedly flush out tax evaders in the country.

But the drastic move of the Finance minister has left offshore casinos reeling from significant dip in its operations. Part of the problem was they had been running short of currency notes to reward the winners since most of them are unwilling to accept the demonetize bank notes.

They don’t believe that demonetizing money is the best way to get the crooks in the government.