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
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 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
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
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
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
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 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'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,
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
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