Tag: Sri Lanka
Sri Lanka24 Apr, 2025 Sri Lanka Inches Towards Creating a Gambling Regulatory Authority
The Cabinet of Sri Lanka has cleared a draft law to establish an autonomous body that will regulate online gambling, floating casinos, and offshore casinos within the Colombo Port City. Put forward by Anura Kumara Dissanayake in his capacity as Finance and Planning Minister, the measure...
Sri Lanka03 Apr, 2025 Casino Culture Comes To Sri Lanka
Melco International Development Ltd, a Hong Kong-listed company and owner of Melco Resorts & Entertainment Ltd, has secured a 20-year license to operate a casino in Sri Lanka. The gaming venue is scheduled to open in the third quarter of 2025. Melco’s license remain valid unt...
Sri Lanka18 Mar, 2025 Sri Lanka To Create Casino Regulatory Authority To Address Online Gambling Concerns
The Sri Lankan government is advancing plans to establish a Casino Regulatory Authority to address concerns surrounding online gambling, tax evasion, and money laundering. According to reports, the new regulatory body will introduce clear operational guidelines and enhance transparency...
Sri Lanka21 Sep, 2022 Sri Lanka Issues New Casino Rules
Sri Lanka‘s president Ranil Wickremesinghe has issued a new set of rules to regularize gaming in the country under the 2010 law. According to two gazette notices, reported by local Sri Lankan media, the country will now issue licenses for up to 20 years. Additionally, a five-year ...
Sri Lanka11 Jul, 2022 Sri Lanka: Wickremesinghe Approves Proposal To Issue Casino Licenses
As per the latest media reports, the Sri Lankan cabinet headed by Prime Minister (PM) Ranil Wickremesinghe has approved a proposal which will grant official licenses to the island country’s four casinos. The casino licenses will make it easy for the government to collect tax revenues fr...
Sri Lanka08 Apr, 2019 Sri Lanka’s casino entry fee only limited to citizens
In March this year, the Sri Lankan government imposed a casino tax with a view to increase the tax revenue. They imposed a $50 entry fee for customers who wish to enter their casinos. It had also introduced a 15% levy on the entire casino’s turnover. The Finance Minister of the country ...
Sri Lanka06 Mar, 2019 Sri Lanka doubles casino license fee; introduces $50 entry
In a recent development, the Sri Lankan government has introduced a slew of measures to increase its tax revenues and among that is hiking of land-based casino license fees. The country has also introduced a $50 entry fee for customers just for entering Sri Lankan casinos. It has also i...
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