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

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

+5
anjelo
soileconomy
jayathu
bullseye
StockGuru
9 posters

Go down  Message [Page 1 of 1]

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

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
Manager - Equity Analytics
Manager - Equity Analytics

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


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

Boru kiyanna apa!!

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

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

jayathu


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

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

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

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


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

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

Prince
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

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


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

????????????????????????

Steve Jansen


Senior Equity Analytic
Senior Equity Analytic

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


Equity Analytic
Equity Analytic

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

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