Sri Lanka
"Gamble" for the future? Sri Lanka's Port City invests $540 million to build a landmark, with the legalization of casinos aiding as a new engine for recovery.
Sri Lanka, striving to break through on the road to economic recovery, is injecting new vitality into national development through the dual drive of "gambling" and "art".The major flagship project located in Colombo Port City, Clothespin Towers, is about to officially launch, with a total investment
Once again trending! "Move to Sri Lanka or get out"? Jiuding Group is exposed for forcing position transfers without compensation, infuriating employees.
The well-known Philippine enterprise "Jiuding Group" has recently caused a strong backlash from the logistics team due to forcing employees to collectively relocate to work in Sri Lanka. After the company closed the Philippine market and shifted its business overseas, the remaining employees were ex
Sri Lanka fully supports gambling! The first legal introduction of the Junket intermediary system sparks heated discussions.
Sri Lanka is accelerating the legalization of the gambling industry. Recently, the draft of the "Gambling Regulatory Authority Act 2025" was officially submitted to the parliament, marking the establishment of a unified and institutionalized gambling regulatory framework in the country, comprehensiv
Has regulation become a puppet? Sri Lanka's gambling bill criticized for hastily catering to foreign investment.
As MGM's "City of Dreams" is set to unveil in August at the Cinnamon Life building in Colombo, the Sri Lankan government is urgently pushing a gambling regulation bill. However, this bill has been severely criticized by the renowned local think tank, Advocata Institute, for lacking independence and
The Sri Lankan gambling regulation law sparks intense social controversy: lax oversight raises concerns, suspicions of giving the green light to new Melco casinos.
The Sri Lankan government has recently advanced the "Gambling Regulatory Authority Act of 2025," which has entered its final review stage. It proposes the establishment of a unified national gambling regulatory body that covers comprehensive supervision of both physical casinos and online gambling s
New Landscape in Asian Gaming Industry! Sri Lanka, Vietnam, India - The Next Goldmines?
Sri Lanka's Dream City opens in August: A $1.2 billion gamble on tourism recovery, South Asia's first licensed casino resort debuts.
Sri Lanka will reach a critical moment in the development of its tourism industry on August 2 this year: the luxury integrated resort "City of Dreams" with an investment of up to 1.2 billion US dollars will officially open to the public. This is the largest private tourism project in the country's h
Sri Lanka allows the import of casino equipment, prioritizing financial gains over risk considerations.
The Committee on Public Finance (CoPF) of Sri Lanka recently approved the import application for casino equipment, with government officials stating that this decision is part of a fiscal strategy to boost tax revenue and accelerate economic recovery.According to Sri Lanka's Daily Mirror, CoPF memb
Sri Lanka's gambling bill criticized for being full of loopholes: Minister holds too much power! Lotteries and online gambling remain unregulated.
The Sri Lankan government's recent push for the "Gambling Regulatory Authority Bill" has sparked significant controversy. The independent think tank "Advocata Institute" has publicly called for the withdrawal and rewriting of the draft, pointing out that it not only grants excessive power to the Min
South Asia's first international casino resort, Cinnamon Life Integrated Resort, grandly opens in Sri Lanka in August.
The largest private development project in the history of Sri Lanka, "Cinnamon Life Integrated Resort," is set to officially open on August 2, 2025. Located in the heart of the capital, Colombo, this integrated resort involves an investment of over 1.2 billion USD. It is a joint venture between Sri
Sri Lanka fully opens its gambling industry, the "intermediary license" system may be implemented.
Sri Lanka is embarking on an unprecedented reform of the gambling industry: from offline casinos to online platforms, from dealing mechanisms to intermediary systems, the entire gambling regulatory system is about to be restructured—the core goal of this reform is to turn the gambling industry into
Sri Lanka moves towards the era of legalized gambling: officially establishes a regulatory authority, opens up online and offline operations.
Sri Lanka's gambling industry is facing a significant turning point. The government has recently officially submitted the "2025 Gambling Regulatory Authority Act" to the parliament, aiming to overhaul and legalize gambling activities nationwide through the establishment of a unified regulatory body,
Sri Lanka's heavy crackdown on corruption: Freezing assets of 88 suspects, totaling over 4 billion rupees.
Sri Lankan police recently froze the assets of 88 individuals suspected of drug smuggling, money laundering, financial fraud, and organized crime, following a court order. The total value of the frozen assets exceeds 4 billion rupees (approximately 100 million yuan), marking one of the country's mos
Sri Lanka's casino regulatory legislation overlooks intermediary systems, causing social concerns.
Despite Sri Lanka actively promoting the development of its gambling industry and having established a new regulatory framework, the latest legislative draft fails to address the licensing, taxation, and regulation of casino intermediaries, leading to widespread external criticism.This summer, Melco
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,
