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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Govt. issues Gazette to legalise and regulate casinos

Govt. issues Gazette to legalise and regulate casinos

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samaritan


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The Government has gazet-ted new legislation to finally legalise and regulate casinos as well as pave the way for new entrants if they qualify for a licence to operate.Tourism, leisure and entertainment industry analysts welcomed the move, saying legality gives more credence to existing businesses and those who may be keen to set up operations. At present there are only two operators and gaming business is among the most taxed in Sri Lanka. 

Top blue-chip John Keells Holdings PLC’s (JKH) near $ 1 billion worth Cinnamon Life has been long touted to open its facility for a global operator whilst Port City too has interests for the same, all as part of making Colombo an entertainment and leisure hub in South Asia. Majority of tourists from India, Sri Lanka’s biggest source market as well as from China during pre-COVID, are attracted to the gaming opportunities in Colombo. 


https://www.ft.lk/top-story/Game-on-casinos/26-739919#.YyKCoyWwvNE.twitter



JKH & BIL may benefit!
Govt. issues Gazette to legalise and regulate casinos Images?q=tbn:ANd9GcTWDkLe4K9wltCtxfj2fklIqYhC0MIoEBu4DQ&usqp=CAU

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