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Industry
April 25, 2025
Sri Lanka Takes Decisive Step Toward Gambling Regulation
Sri Lanka is pushing for a landmark policy shift as the Cabinet of Ministers approved a draft bill to establish the country’s first comprehensive gambling regulatory framework. Lawmakers hope the new authority will help curb the proliferation of black market operators, usher in enhanced consumer protections, and ensure the nation receives adequate financial contributions from […]
Industry
April 23, 2025
Sri Lanka Accepts Draft Bill to Regulate Gambling Sector
On April 21, Sri Lanka’s cabinet gave the green light to a draft bill aimed at creating a dedicated Gambling Regulation Authority, marking a step closer to creating a regulatory framework for the country’s gambling industry. Sri Lanka Is One Step Closer to Creating Governing Body Overseeing the Gambling Industry According to an official statement […]
Industry
March 31, 2025
Melco Confirms 20 Years Licensure to Run Casino in Sri Lanka
Melco International Development Ltd, a Hong Kong-listed company, has confirmed that it has obtained a license to run a gaming venue in Sri Lanka over the next 20 years. The license was backdated and is effective from April 1, 2024, and will be available through April 1, 2044. Melco Confirms 20-Year License for Sri Lanka’s […]
Casino
May 2, 2024
Melco Confirms Deal with John Keells for Sri Lanka Project
The leading developer, owner and operator of integrated resorts in Europe and across Asia, Melco Resorts & Entertainment Limited, announced it engaged in a strategic partnership with the largest conglomerate on the Colombo Stock Exchange and company with a rich history, John Keells Holdings PLC. Per the latest agreement, announced earlier this week, Melco was […]
Industry
August 8, 2023
MERKUR UK Vows Support for Wind Farm in Sri Lanka
Different environmental, social and governance (ESG) programs have become a part of strategies for many globally recognized businesses. Many leading companies within the gambling sector have also implemented various efficiencies and improvements that complement their sustainable growth amid the rising concerns about a possible environmental crisis. Now, the leading betting and gaming operator, MERKUR UK, […]
Industry
June 28, 2023
Sri Lanka Forms New Gambling Regulatory Authority
Sri Lanka’s Cabinet of Ministers has approved the arrival of the new watchdog, with the Gambling Regulatory Authority, now in charge of the industry, revenue collection, and the overall course of gambling development in the country. The ministers voted on a bill that was submitted by the country’s President, Ranil Wickremesinghe, earlier this week, with […]
Legal
November 28, 2022
Sri Lanka Lawmakers Discuss Creating a Gambling Regulator
Lawmakers in Sri Lanka are still considering the creation of a regulator that will be in charge of the licensing for gambling activities. Following debate over the weekend, the country came a step closer to regulating the activity and acknowledged the need for a gambling-specific regulatory body. Sri Lanka Lawmakers Consider the Creation of Gambling […]
Casino
November 22, 2022
New Casino Expected to Open at Sri Lanka’s Lotus Tower
Sri Lanka’s Colombo Nelum Kuluna (also known as the Lotus Tower in Colombo) is in the top 20 of the tallest buildings in the world and is expected to garner a lot of investor interest to better develop the region. It has a total of 13 floors to offer shopping, restaurants, luxury hotel rooms, and […]
Casino
July 8, 2022
Sri Lanka Issues Licenses to All Casino Operators to Collect Unpaid Taxes
On July 4, the government of Sri Lanka has given green light to the issuance of licenses to all four casino operators active in the country. The move aims to make tax collection more efficient. Outstanding Tax Revenue of SRL 2.67 billion ($7.4 million) Sri Lanka has a long-standing gambling regulation with the Betting and […]
Industry
June 27, 2022
Sri Lanka “Casino King” Becomes Minister Amid Crisis
“Casino King”, “Richest Man in Country” – Now Minister as Well Dhammika Perera, AKA Sri Lanka’s “casino king”, was appointed as minister of technology and investment promotion last Friday. The news comes as Sri Lanka is heavily affected by an economic crisis and nationwide protests are plaguing the country. This led to president Gotabaya Rajapaksa’s […]
