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05, Apr, 2013

 

James Packer, chairman of Crown Ltd, met with Sri Lankan cabinet ministers to discuss possible investments in the country in his second visit in two months. Lakshman Yapa Abeywardene, minister of investment promotion, said the government had suggested a large city hotel in Colombo and a possible investment in the eastern city of Trincomalee but the company was still considering its plans. Opposition leaders have criticized government moves to rush through tax incentives for casino investment.

 

22, Mar, 2013

 

Half of Kathmandu's eight casinos have failed to submit details about their owners and employees to police two weeks after a deadline for disclosure passed. Only one casino met the original deadline. Police suspect that some casinos have issued false ownership or work papers to local gamblers so they can gain entry and evade laws banning locals from betting. Separately, police arrested nine people in two raids on suspected illegal gambling dens around the capital.

 

08, Mar, 2013

 

 

The Ministry of Culture, Tourism and Civil Aviation has issued another notice telling operators that they must renew their license before the end of this fiscal year or risk losing their operating license.  So far, the casinos have ignored the MoCTC’s calls for them to pay their dues.  The ministry has requested that each casino provide information on their operational situation and ownership status so that it can prepare a white paper on the industry.

 

 

 

01, Mar, 2013

James Packer met with Sri Lankan officials to discuss investment options in the hotel and entertainment industries. Packer owns half of Australian gaming operator Crown Ltd (CWN:ASX) and is co-chairman of Macau's Melco-Crown Entertainment (MPEL), alongside Lawrence Ho, son of Stanley Ho. The minister of investment and promotion of Sri Lanka said that the delegation had not yet decided on a location or on an investment amount. According to Reuters, officials suggested the development of an integrated resort in the capital Colombo or the eastern city of Trincomalee.

22, Feb, 2013

 

 

Police raided four gambling dens in Nagpur last week, making 31 arrests, also seizing Rs 55,900 in cash and 29 mobile phones.

 

03, Feb, 2013

The Inland Revenue Department has revised the Betting and Gaming Levies for 2013. The gaming tax has doubled to USD $1.8 m. per year. In lieu of all indirect taxes, five percent will be collected from the gross collection on a monthly basis, according to officials.

03, Feb, 2013

With smartphones going mainstream and delivering gaming to a new, broader population, publishers and developers are keen to tap an audience beyond young males.  As women have explored a growing range of mobile games on Facebook or other platforms, they have been drawn to work in the industry.  The number of women hired by game companies has tripled since 2009.

03, Feb, 2013

Casinos in Goa will now be monitored. The Goa government has introduced stringent measures, which include casinos requiring customers to fill in a Know Your Customer form, in order to more closely monitor money laundering and terror financing activities.

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