The casino vessels in Goa are on the verge of sinking, thanks to Prime Minister Narendra Modi’s demonetization surprise.
Several weeks ago, the Indian government announced that they are scrapping 1,000 and 500 rupee notes as part of its anti-graft and corruption crackdown as well as to flush out tax evaders in the country.
The sudden announcement left many sectors stunned, especially the casino vessels moored off the shores of the state of Goa. According to the Times of India, the limited availability of cash has forced many offshore casinos to shut down their operations temporarily.
A casino employee told the news outlet, “The business has been low ever since the announcement was made and has not improved till now.”