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Casino License

+3
RPPA
Nuwan Samarawickrama
Market R
7 posters

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1Casino License Empty Casino License Tue Dec 23, 2014 2:59 pm

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics



Sri Lanka's opposition candidate Maithripala Sirisena to cancel JKH and Packer casino licenses


Dec 22, 2014, Sri Lanka opposition candidate Maithripala Sirisena has declared to cancel the casino licenses given to John Keells Holdings and Australian James Packer, who is in the casino business.

“I will not allow the two Casino licences given to “Water Front” and “Lake leisure ” under the Strategy Act contrary to certain decisions of Parliament and the Cabinet of Ministers and the opposition of the Chief Prelates of all three Buddhist Sects.” Sirisena said in his election manifesto released Friday.

He also said, a study will be carried out for the projects which has been given tax concessions under the government’s Strategic Development Projects Act and those who comes under fraud and inaccurate will be removed from concessions.

Projects under the Strategic Development Projects Act get a range of tax holidays and other benefits.


Government announced its approval for corporate income tax holidays and import duty concessions on materials, on Feb this year for Lake Leisure Holdings (Private) Limited (connected to Australia's James Packer), Waterfront Properties (Private) Limited. (Connected to John Keells Holdings) and The Queensbury Leisure Limited connected to entrepreneur Dhammika Perera.

The concessions when first published ran into a controversy as all resorts are also expected to have gaming operations.

The gazette said the resorts will have rooms, shopping malls, residences, office spaces and "associated facilities".

The revised tax concessions contained no specific references to gaming, and contained wording that appeared to exclude a corporate income tax holidays for revenue profits from gaming, other than rental income.

The manifesto has not mention about the third project by transport secretary and entrepreneur Dhammika Perera, which was also given tax breaks.

2Casino License Empty Re: Casino License Tue Dec 23, 2014 5:15 pm

Nuwan Samarawickrama


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Sri Lanka doesn't need casinos and prostitution......!!!

That's what i believe personally.....!!!

3Casino License Empty Re: Casino License Tue Dec 23, 2014 6:18 pm

RPPA


Expert
Expert

There is uncertainty on JKH. That is why it had a dip in last week.

4Casino License Empty Re: Casino License Tue Dec 23, 2014 7:08 pm

soileconomy

soileconomy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Nuwan Samarawickrama wrote:Sri Lanka doesn't need casinos and prostitution......!!!

That's what i believe personally.....!!!
I also agree with you.but both are there in sri Lanka.

5Casino License Empty Re: Casino License Tue Dec 23, 2014 7:41 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

It is the utmost responsibility of parents to protect our future generations from casino, heroine, prostitution & illiteracy. I am ready to sacrifice the loss to be incurred from JKH holding in favor of our children.
You may have noticed by now, how politicians are deliberately presenting untruthful events by opening their filthy mouths. How can we vote for these dirty rats??

6Casino License Empty Re: Casino License Wed Dec 24, 2014 11:32 am

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics

Nuwan Samarawickrama wrote:Sri Lanka doesn't need casinos and prostitution......!!!

That's what i believe personally.....!!!

Yes I too agree but second term should be legally and illegally banned. - But there are side effects lolz - rapes, harassments etc will increase - think a little - not going discuss further, just to give you my view

7Casino License Empty Re: Casino License Wed Dec 24, 2014 12:08 pm

dsam

dsam
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Ha Ha Under UNP government no casino and no prostitution.Funny,Joke of the day.

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