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,
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
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
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
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
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
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
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
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
The gambling industry in Sri Lanka has a long history, involving everything from traditional betting forms to modern casinos. However, the country's gambling regulations have always been controversial, with the government constantly adjusting policies to seek a balance between economic benefits and
The Sri Lankan government recently announced the cancellation of a tender plan to establish a casino service counter at Colombo International Airport. The project was originally planned to operate for three years, aiming to provide gambling entertainment services to travelers, but the government off
