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Sri Lanka

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Sri Lanka's new gambling regulations struggle to control intermediary behavior, with regulatory and tax boundaries still unclear.

Sri Lanka's new gambling regulations struggle to control intermediary behavior, with regulatory and tax boundaries still unclear.

Despite Sri Lanka's preparations to implement stricter gambling regulations, officials warn that gambling intermediaries active in casino promotion (i.e., "gambling agents") may still operate outside the regulatory and tax systems, becoming a potential legal gray area.According to the Sunday Times,

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License Compliance and Tax Simplification? Analyzing the Real Impact of Sri Lanka's New Gambling Law on Operators
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License Compliance and Tax Simplification? Analyzing the Real Impact of Sri Lanka's New Gambling Law on Operators

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"Studio City Sri Lanka" enters a critical phase: The casino and NUWA Hotel are expected to open in August.

"Studio City Sri Lanka" enters a critical phase: The casino and NUWA Hotel are expected to open in August.

The large-scale integrated resort project "City of Dreams Sri Lanka" is progressing smoothly, with parts of the hotel, dining, and banquet facilities operated by the Cinnamon Life brand opening in October 2023. The project is a joint venture between Melco Resorts & Entertainment and local real estat

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Sri Lanka accelerates the establishment of the National Gambling Regulatory Authority to promote industry reform and compliance.

Sri Lanka accelerates the establishment of the National Gambling Regulatory Authority to promote industry reform and compliance.

The Sri Lankan government is actively promoting the modernization of the gambling regulatory system, planning to establish the "National Gambling Regulatory Authority" through a new bill to integrate existing laws, strengthen governance, and curb illegal activities. According to the Island newspaper

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Sri Lanka's Tourism Department warns: A large number of foreigners engaging in business activities with tourist visas may face deportation.

Sri Lanka's Tourism Department warns: A large number of foreigners engaging in business activities with tourist visas may face deportation.

The Tourism Department of Sri Lanka recently warned that foreigners from countries such as Israel, India, Russia, and Ukraine are engaging in business activities on tourist visas, allegedly violating regulations set by the Sri Lanka Tourism Development Authority (SLTDA).According to SLTDA policy, fo

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Sri Lanka, the New Hotspot for Grey Market Shifts? From a Tourist Paradise to a Gambling World Transformation

Sri Lanka, the New Hotspot for Grey Market Shifts? From a Tourist Paradise to a Gambling World Transformation

Recently, Sri Lanka, a country that has been "low-key" on the edge of the Indian Ocean, is gradually being targeted by a group of "special foreigners".They come from Israel, India, Russia, Ukraine, and other places, appearing as tourists or investors, but are quietly developing a grey industrial cha

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Sri Lanka takes action! New bill to strictly regulate the gambling industry, establishment of the Official Gambling Sports Management Bureau!
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Sri Lanka takes action! New bill to strictly regulate the gambling industry, establishment of the Official Gambling Sports Management Bureau!

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Sri Lanka Intends to Introduce POGO: A New Battlefield for the Southeast Asian Gambling Industry?

Sri Lanka Intends to Introduce POGO: A New Battlefield for the Southeast Asian Gambling Industry?

In recent years, the development of the Philippine Offshore Gaming Operators (POGO) industry has attracted global attention. Now, the government of Sri Lanka is considering opening similar offshore gaming services to stimulate economic growth and increase fiscal revenue.If implemented, this policy w

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Sri Lanka will submit a bill to the parliament to regulate online gambling and the "offshore casinos" in Colombo Port City.

Sri Lanka will submit a bill to the parliament to regulate online gambling and the "offshore casinos" in Colombo Port City.

The Sri Lankan cabinet has approved the publication of a bill draft in the Gazette, aimed at establishing an agency called the "Gambling Regulatory Authority." This agency will regulate various forms of online gambling, shipboard gambling, and the so-called "offshore casinos" in the Colombo Port Cit

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Sri Lanka plans to establish a gambling regulatory authority to promote the legalization process of sports betting.

Sri Lanka plans to establish a gambling regulatory authority to promote the legalization process of sports betting.

The Sri Lankan government has recently officially approved the draft of the "Gambling Sports Standardization Act" to be published in the government gazette, paving the way for its submission to parliament for deliberation, marking a key step in the country's establishment of a comprehensive gambling

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Tightening Up! Sri Lanka's New Regulatory Body to Strictly Monitor Online and Offshore Sports Betting
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Tightening Up! Sri Lanka's New Regulatory Body to Strictly Monitor Online and Offshore Sports Betting

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Sri Lanka launches major gambling regulatory reform: New agency to oversee both casinos and online platforms

Sri Lanka launches major gambling regulatory reform: New agency to oversee both casinos and online platforms

In response to the rapid expansion of the gambling industry in recent years and to fill regulatory gaps, the Sri Lankan government is accelerating the establishment of a new gambling regulatory body, named the "Gambling Regularization Authority." This move marks a critical step towards establishing

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Hand-in-hand guide to getting your Sri Lanka visa | Queue-free + Detailed guide to electronic visas

Hand-in-hand guide to getting your Sri Lanka visa | Queue-free + Detailed guide to electronic visas

Starting from 2024, travelers to Sri Lanka will need to apply for an Electronic Travel Authorization (ETA) in advance, and the entry process has been adjusted. This guide will detail the visa application steps, required materials, entry precautions, and customs regulations, helping you to smoothly s

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New Ho invests $125 million to obtain a 20-year casino license in Sri Lanka.

New Ho invests $125 million to obtain a 20-year casino license in Sri Lanka.

Melco Resorts & Entertainment Limited, a comprehensive resort operator, has officially entered the gambling industry in Sri Lanka, investing 5 billion rupees (approximately 130 million Hong Kong dollars) to obtain a 20-year casino license in the country.According to Melco's latest annual financial r

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Asian gambling landscape expands! Melco invests $125 million to capture the Sri Lankan market!
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Asian gambling landscape expands! Melco invests $125 million to capture the Sri Lankan market!

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Deeply original, looking globally: POGO big cake, who can take it away?

Deeply original, looking globally: POGO big cake, who can take it away?

BackgroundThe Philippine government once implemented the Philippine Offshore Gaming Operators (POGO) policy, allowing domestically licensed companies to operate online gambling businesses targeting overseas markets (mainly China). This model flourished during Duterte's administration, forming concen

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