Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources

StockGuru

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Sources note New National Government lead by Sirisena-Ranil which is mainly controlled by Ranil Wickremesinghe has assured Sri Lanka's Premier Bluechip Conglomerate John Keells Holdings to continue with its Cinnamon Life Mega Casino and Mixed Development allowing to maintain a Casino in Cinnamon Life as long as the Casino is owned by a Foreigner and operated by a Foreigner!

bullseye

bullseye

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@StockGuru wrote:Sources note New National Government lead by Sirisena-Ranil which is mainly controlled by Ranil Wickremesinghe has assured Sri Lanka's Premier Bluechip Conglomerate John Keells Holdings to continue with its Cinnamon Life Mega Casino and Mixed Development allowing to maintain a Casino in Cinnamon Life as long as the Casino is owned by a Foreigner and operated by a Foreigner!

will jk shares go up next week??

jayathu

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Boru kiyanna apa!!

soileconomy

soileconomy

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Definitely JKH will adhere to its original plan.Accordingly casino will be in operation in 2018.

jayathu

jayathu

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Casino will be there and it will be operated by a big foreign casino company but license they'll obtain is one of wijeywardena.
Only two people in srilanka has casino license.
I'm only denying the stock guru report on govt issuing new license to a foreign operator. majority of the profits will be shared equally amoung jkh n DP or WIJEY. Small portion will be given to franchisee on top of the franchisee fee. That was the understanding they had earlier n according what I heard from jkh people who are working on the project plan still hasn't change.

anjelo

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yes they will built to the plan and open the casino once they get the green light! then prostitutes and night life starts. Bangkok in Sri lanka, will not be able to stop the craze...

jayathu

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people who see Sri Lanka will become nxt Bangkok after they allow waterfront project a casino is stupid.
We already have 5 casino licenses given out long time ago. IWe should see how Singapore implemented regulation towards casino to minimize the impact to social n cultural aspect of it. We should charge minimum 100usd for locals to enter the casino then locals will get discouraged to enter casino.

Prince

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@StockGuru wrote:Sources note New National Government lead by Sirisena-Ranil which is mainly controlled by Ranil Wickremesinghe has assured Sri Lanka's Premier Bluechip Conglomerate John Keells Holdings to continue with its Cinnamon Life Mega Casino and Mixed Development allowing to maintain a Casino in Cinnamon Life as long as the Casino is owned by a Foreigner and operated by a Foreigner!

This is a totally a misleading post made with some selfish intentions. ( I suspect you must be holding W.22 and desperate to make the exit )

Correct news is that , USA based ABERDEEN FUND is making the exit from Colombo . ( may be a percentage they are selling. but who knows waht is the percentage ? )
That's the reason for JKH coming down for Rs 175/= . You will witness this price many times in coming days. Also they are selling COMB , SAMP in the same way.

I am sad to say that current political development in the country is very fragile and I personally have no interest at all to engage in the CSE till I feel my money is safe.

In coming days we will see

1) increase in INTEREST RATES
2) USD dollar reaching Rs 150/=
3) hike in fuel charges

There is a 99 % chance of that CSE is making a correction in this month , so that I made my exit on day before yesterday.

This might be my last post in this forum for a few months time as I'm going to take leave from the market.

- Thanks . GL

SLBOY

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Steve Jansen

Steve Jansen

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Water front is a mixed development project, with two apartment towers, and a hotel etc. Whether they get the Casino or not there is no impact to the investment. Only the average room rate will be discounted if the Casino is not operated. Do not worry JKH share will go up to 400+ levels once the apartment profits are accounted as per the new IFRS standards.

Market Sucker1

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i saw this news on Ada derana few days back,but now its not there. Seems freaky

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Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources

1 Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 2:24 am

StockGuru

2 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 3:58 am

bullseye

3 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 6:59 am

jayathu

4 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 7:05 am

soileconomy

5 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 7:18 am

jayathu

6 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 8:25 am

anjelo

7 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 9:14 am

jayathu

8 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 10:05 am

Prince

9 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 12:48 pm

SLBOY

10 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Fri Sep 04, 2015 1:21 pm

Steve Jansen

11 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources Mon Sep 07, 2015 8:47 pm

Market Sucker1

12 Re: Exclusive - Sri Lanka John Keells Cinnamon Life Mega Project will run a Casino owned and operated by a Foreigner - Sources

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