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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Ranil assures JKH to have a Casino by 2018; says only certain taxes will be removed!

Ranil assures JKH to have a Casino by 2018; says only certain taxes will be removed!

Go down  Message [Page 1 of 1]

Savantha Denipitiya


Equity Analytic
Equity Analytic
Ranil Wickramasinghe on early this week has confidently and privately told country's premier Blue Chip John Keells Holdings Board that having a Casino is alright by 2018.But  he has said there will be only cut off of certain tax benefits.

Under 2012 Mahinda Rajapaksa's Government's Strategic Investment Agreement of JKH Casino is about renting the Cinnamon Life for a Casino where the profits earned by JKH is only considered as Rental Income in which case JKH virtually never accommodates a Casino even if Cinnamon Life has a Casino.In this scenario James Packer the Australian Casino Mogul and his associate Deal Maker Alex Lovell are fools to get the worst deal in their agreement where their income was considered as Gaming profits.In That case Sri Lankan Casino Mogul Dhammika Perera is a winner since he is renting his License to John Keells and Ravi Wijeratne will have to buy UNPers more to invest in UNP now to get James Packer on!

Besides although there was a highly marketed story about closing down of Casinos and making only two Casinos in the country run by two Sri Lankan businessmen is a quite shady story.Last few days the story on Closing Down of Casinos were written by a writer working under shady Advertiser turned Investor Jayaweera's Adaderana. The writer earlier worked under present Chairman of Dr.A.T. Ariyaratne's Sarvodaya Seeds which is the unregistered Microfinance arm of Sarvodaya that also owns registered Deshodaya Finance Company. When the present Chairman of Sarvodaya Seeds (who is also a Director of LirneAsia where much Anti EPF Deal campaigner Economic Affairs and Policy Planning Deputy Minister Dr. Harsha De Silva is also a Director of LirneAsia) defaulted over Rs.17 million of employeee salaries including over Rs.5 million default as EPF for them friom 2010 under his media company called Vanguard the writer had to go back and find a job under Adaderana.

You could have seen the writer if you watched Adaderana 'Waada Pitiya' last night on Wednesday where writer was the Moderator and one more Director of LirneAsia where Rohan Samarajeewa was also present at the discussion.

Above all if MY3-Ranil Yahapalanaya want to evade Casinos under Sobhitho Thero's and Rathana Thero's marketing talk...they should eliminate Casinos without allowing to run them and Ranil and Maithripala should also take steps to eliminate Prostitution in Brothel Houses and Night Clubs such as Cleopatra of liberty Plaza.Liberty Plaza owned by Colombo Land is now owned by Sarath Amunugama lead associates connected with Triad and Advertiser turned Investor Jayaweera fame.

There are enough poor women in Sri Lanka who are paid nearly Rs.15,000 per month as the salary at Cleopatra Club and they are give a task to accommodate a customer till they exceed at least Rs.2,400/- per bill where the each woman will be paid a commission of 5% to 8%.After that if a customers bill in liquor,cigarettes,food exceed Rs.7,000/- the prostitute receive a commission of 11% and there after the prostitute receives a commission of 15% daily if a particular customers bill exceeds over Rs.10,000/-.

Where as all the main night clubs and hotels in Colombo that do not or promote prostitution allows Credit or Debit Card payments for customers; Liberty Plaza's Cleopatra only accepts cash transactions and the country's oldest ATM Machines of major Banks HSBC, Sampath Bank, Commercial Bank are just close to the entrance of Cleopatra Club. These cases should also be studied under 'Yahapalanaya' regime since it is prostitution and since the club sometimes even charge Rs.500/- per woman from customers when Women are dancing on the floor and customers are promoted a Plastic Artificial Garland to put on the neck of best dancing women where each Garland is Rs.500/-.Apart few Uzbekistan, Tajikistan,Kazakhstan, Azerbaijan or Georgia and some USSR (Russian Federation) departed countrywomen come and work at these places.

Maithripala-Ranil Yahapalanaya should also take steps to eliminate Threewheel Ring that operates the country's top low cost prostitution hub next to Mihindu Mawatha and few Meters away from Lord Buddha's Statue and Colombo Traffic Police Headquarters where Country's Father of Labour Movement Alexander Ekanayake Gunasinha's statue is also there.At the entrance of Gunasinhapura in front of Alexander Ekanayake Gunasinha's statue; May be we have to think whether the government and police is encouraging to run prostitution in that junction since Prostitution is the oldest Profession in the world.The ring has the youngest and sometimes oldest and even under-aged prostitutes who are entertaining sometimes men for a mere Rs.200/- per oral Sex Session.If Yahapalanaya is so clean the Maithripala-Ranil Regime should take steps to eliminate these too where Threewheel ring also operate small spot Gambling Places with Card Packs at Pettah.Last few weeks since January 8th 2015 the Threewheel operated low cost prostitutes in a bid increase their businessvolumes and participants to trade at Gunasinha Pura area has started to look down Lady and Small Young Men commuters purposefully inside the Public Toilets build by Mahinda Rajapaksa Regime to the convenience of Sri Lankan Commuters at the Pettah Transport Hub.

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Savantha Denipitiya wrote:Ranil Wickramasinghe on early this week has confidently and privately told country's premier Blue Chip John Keells Holdings Board that having a Casino is alright by 2018.But  he has said there will be only cut off of certain tax benefits.

Under 2012 Mahinda Rajapaksa's Government's Strategic Investment Agreement of JKH Casino is about renting the Cinnamon Life for a Casino where the profits earned by JKH is only considered as Rental Income in which case JKH virtually never accommodates a Casino even if Cinnamon Life has a Casino.In this scenario James Packer the Australian Casino Mogul and his associate Deal Maker Alex Lovell are fools to get the worst deal in their agreement where their income was considered as Gaming profits.In That case Sri Lankan Casino Mogul Dhammika Perera is a winner since he is renting his License to John Keells and Ravi Wijeratne will have to buy UNPers more to invest in UNP now to get James Packer on!

Besides although there was a highly marketed story about closing down of Casinos and making only two Casinos in the country run by two Sri Lankan businessmen is a quite shady story.Last few days the story on Closing Down of Casinos were written by a writer working under shady Advertiser turned Investor Jayaweera's Adaderana. The writer earlier worked under present Chairman of Dr.A.T. Ariyaratne's Sarvodaya Seeds which is the unregistered Microfinance arm of Sarvodaya that also owns registered Deshodaya Finance Company. When the present Chairman of Sarvodaya Seeds (who is also a Director of LirneAsia where much Anti EPF Deal campaigner Economic Affairs and Policy Planning Deputy Minister Dr. Harsha De Silva is also a Director of LirneAsia) defaulted over Rs.17 million of employeee salaries including over Rs.5 million default as EPF for them friom 2010 under his media company called Vanguard the writer had to go back and find a job under Adaderana.

You could have seen the writer if you watched Adaderana 'Waada Pitiya' last night on Wednesday where writer was the Moderator and one more Director of LirneAsia where Rohan Samarajeewa was also present at the discussion.

Above all if MY3-Ranil Yahapalanaya want to evade Casinos under Sobhitho Thero's and Rathana Thero's marketing talk...they should eliminate Casinos without allowing to run them and Ranil and Maithripala should also take steps to eliminate Prostitution in Brothel Houses and Night Clubs such as Cleopatra of liberty Plaza.Liberty Plaza owned by Colombo Land is now owned by Sarath Amunugama lead associates connected with Triad and Advertiser turned Investor Jayaweera fame.

There are enough poor women in Sri Lanka who are paid nearly Rs.15,000 per month as the salary at Cleopatra Club and they are give a task to accommodate a customer till they exceed at least Rs.2,400/- per bill where the each woman will be paid a commission of 5% to 8%.After that if a customers bill in liquor,cigarettes,food exceed Rs.7,000/- the prostitute receive a commission of 11% and there after the prostitute receives a commission of 15% daily if a particular customers bill exceeds over Rs.10,000/-.

Where as all the main night clubs and hotels in Colombo that do not or promote prostitution allows Credit or Debit Card payments for customers; Liberty Plaza's Cleopatra only accepts cash transactions and the country's oldest ATM Machines of major Banks HSBC, Sampath Bank, Commercial Bank are just close to the entrance of Cleopatra Club. These cases should also be studied under 'Yahapalanaya' regime since it is prostitution and since the club sometimes even charge Rs.500/- per woman from customers when Women are dancing on the floor and customers are promoted a Plastic Artificial Garland to put on the neck of best dancing women where each Garland is Rs.500/-.Apart few Uzbekistan, Tajikistan,Kazakhstan, Azerbaijan or Georgia and some USSR (Russian Federation) departed countrywomen come and work at these places.

Maithripala-Ranil Yahapalanaya should also take steps to eliminate Threewheel Ring that operates the country's top low cost prostitution hub next to Mihindu Mawatha and few Meters away from Lord Buddha's Statue and Colombo Traffic Police Headquarters where Country's Father of Labour Movement Alexander Ekanayake Gunasinha's statue is also there.At the entrance of Gunasinhapura in front of Alexander Ekanayake Gunasinha's statue; May be we have to think whether the government and police is encouraging to run prostitution in that junction since Prostitution is the oldest Profession in the world.The ring has the youngest and sometimes oldest and even under-aged prostitutes who are entertaining sometimes men for a mere Rs.200/- per oral Sex Session.If Yahapalanaya is so clean the Maithripala-Ranil Regime should take steps to eliminate these too where Threewheel ring also operate small spot Gambling Places with Card Packs at Pettah.Last few weeks since January 8th 2015 the Threewheel operated low cost prostitutes in a bid increase their businessvolumes and participants to trade at Gunasinha Pura area has started to look down Lady and Small Young Men commuters purposefully inside the Public Toilets build by Mahinda Rajapaksa Regime to the convenience of Sri Lankan Commuters at the Pettah Transport Hub.

Like Nero in Roman History!

hettihewa


Senior Equity Analytic
Senior Equity Analytic
The writer seems to be a frequent visitor to Cleopatra ?????? Very Happy Cool Shocked

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@hettihewa wrote:The writer seems to be a frequent visitor to Cleopatra ?????? Very Happy Cool Shocked

No...I don't think writer is a frequent visitor.if he is a frequent visitor he would not share details of how prostitutes are paid.No person who goes there for prostitution at Cleopatra will be bothered on the pay scales of prostitutes.

I think the writer has done a good investigation on some prostitutional hubs in the country like former Sri Lankan Professor Nandasena Ratnapala who thoroughly researched about Sri Lankan prostitutes in 1990's to 2000's and even about Sri Lankan Beggars.Professor Nandasena Ratnapala is the guy who first introduced condoms to Sri Lankan prostitutes in 1990's working under a Asian Development Bank project.

What is important in this story above all is governments take action against Casinos but not for Prostitutes who are openly sold by Ministerial Brats with connections.

Anyway coming of John Keells Casino under Ranil's decision is good.

EquityChamp

EquityChamp
Moderator
Moderator
Casinos will come with appropriate taxes. Smile

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