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Jon Springer
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I write about emerging and frontier markets in Asia. I now primarily contribute work to Forbes Asia. My most recent work and my complete bio can be found on Forbes Asia's site: If it is easier, you can find my recent work sorted by country on this... More
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  • Schumpeter_1
    , contributor
    Comments (218) | Send Message


    Thanks for the update !!
    (Didn't you forgot M.A.D. ?)


    What do you exactly mean with your comment ('please note that gambling is not legal in Mongolia") on Monvest ?
    That it is a state monopoly (allowed to a company) ? Or really forbidden ? And are Mongolians real gamblers like Chinese ?


    Many thanks.
    9 Apr 2012, 08:25 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4101) | Send Message
    Author’s reply » Greetings Schumpeter_1,


    M.A.D. = Real Estate Mongolia. Real Estate Mongolia, which is on the list, is the name of the investment company that will IPO while M.A.D. Investment Solutions will continue to service individual clients.


    Regarding gambling:
    a) it really is not legal according to several people I made inquiries with;
    b) as I understand it, there was legalized gambling for a while and it was viewed as bad for the society and removed;
    c) there are parties trying to set up a casino near the new airport being built; or elsewhere; but these casinos would be for foreigners only;
    d) thus, I'm unclear on how this lottery will work and what the legal framework for it will be; but I'm keeping an eye on it.
    9 Apr 2012, 10:12 AM Reply Like
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