This month marked a watershed moment for Sri Lanka, as it formally launched its new Gaming Regulatory Authority.
The new gaming watchdog was established under the Gambling Regulatory Authority Act No. 17 of 2025, which was passed in Parliament in late August and certified by Speaker Jagath Wickramaratne in early September.
The new legislation replaces former laws including the Betting on Horse Racing Ordinance, 2010 Casino Business Act and the Gaming Ordinance.
Existing operators will be required to transition into compliance under the new regulator.
The bill was passed unanimously in Parliament after its approval by the Parliamentary Committee on Public Finance.
Lawmakers have emphasized that the new watchdog is intended to standardize the sector, strengthen compliance—including anti-money laundering measures—and mitigate potential social harm while supporting tourism and economic growth.
The timing of the body’s establishment has been significant, coming after the August opening of Melco’s City of Dreams Sri Lanka, a $1.2 billion integrated resort that is the largest private investment in the nation.
Industry experts previously told AGB that Sri Lanka’s ambition to position itself as “India’s Macau” hinges on consistent regulation and effective governance, making the new Authority a foundational element for future development.
