Monday, June 24, 2024

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Sri Lanka’s high casino tax rate helped bolster state finances: Minister

Sri Lanka's high casino taxation rates have helped bolster state finances and promote a more equitable distribution of resources, the country's finance minister has stated.

City of Dreams Sri Lanka could achieve up to $250M in GGR: Melco Resorts CFO

The recently announced City of Dreams Sri Lanka project could achieve Gross Gaming Revenue (GGR) ranging between $200 million to $250 million on a run-rate basis, the group's management revealed.

Melco launching City of Dreams Sri Lanka, casino to open mid-2025

Melco has been awarded a 20-year casino license to operate City of Dreams Sri Lanka, in the country’s capital of Colombo.

Jade Group launches Jade Fantasy Cricket in Sri Lanka

Jade Group is bringing its Fantasy Cricket to the island nation of Sri Lanka in another significant move towards regional expansion for the fast growing gaming company.

Sri Lanka revises new casino license fees

Sri Lanka's Ministry of Finance has announced revised fees for obtaining and renewing casino licenses, following the submission of ten casino applications, the country's media reported.

Sri Lanka parliament questions delay in establishing gaming regulator

The Sri Lanka Parliament's Committee on Public Finance (COPF) has expressed concern over the delay in establishing a regulatory body for the gaming industry, as per a statement released.

SPiCE India & Sri Lanka 2024

The SPiCE India & Sri Lanka 2024 Merger will focus on key areas that are major talking points in the Gaming industry in the region.

Sri Lanka receives applications for 10 new casinos

Media outlets in Sri Lanka are reporting that the government has received ten applications for new casinos, but that approval has yet to be granted. This is according to a statement by State Minister of Finance Ranjith Siyambalapitiya who recently revealed the information in response to a question raised by a member of parliament.

SPiCE Sri Lanka 2024

SPiCE Sri Lanka 2024 will focus on the potential of the land-based casino, games of skill, sports betting and online gaming industries in the island nation, and also have extensive deliberations on the tourism, hospitality and entertainment industries.

Sri Lanka to establish gaming regulatory authority

Authorities in Sri Lanka have officially paved the way for a gaming regulatory authority to be established. The new authority would govern tax collection, counter criminal activity and negative societal impacts from gaming.