The Sri Lankan government has recently officially approved the draft of the "Gambling Sports Standardization Act" to be published in the government gazette, paving the way for its submission to parliament for deliberation, marking a key step in the country's establishment of a comprehensive gambling
In response to the rapid expansion of the gambling industry in recent years and to fill regulatory gaps, the Sri Lankan government is accelerating the establishment of a new gambling regulatory body, named the "Gambling Regularization Authority." This move marks a critical step towards establishing
Melco Resorts & Entertainment Limited, a comprehensive resort operator, has officially entered the gambling industry in Sri Lanka, investing 5 billion rupees (approximately 130 million Hong Kong dollars) to obtain a 20-year casino license in the country.According to Melco's latest annual financial r
The gambling industry in Sri Lanka has a long history, involving everything from traditional betting forms to modern casinos. However, the country's gambling regulations have always been controversial, with the government constantly adjusting policies to seek a balance between economic benefits and
The Sri Lankan government recently announced the cancellation of a tender plan to establish a casino service counter at Colombo International Airport. The project was originally planned to operate for three years, aiming to provide gambling entertainment services to travelers, but the government off
Sri Lankan President Anura Kumara Dissanayake has announced his first budget since being elected last year, with a focus on the gambling industry. Firstly, the entry fee for the two national casinos will be raised to $100 per person, which is double the previous fee. Additionally, the business tax f
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has announced that effective immediately, all radio frequency (RF) transmitting devices, including those requiring International Mobile Equipment Identity (IMEI) registration, will not be able to operate on domestic networks if they a
In recent years, the gambling market in Sri Lanka has undergone significant transformation and growth. In 2020, the market was valued at $2.9393 billion and is expected to rise to $4.1004 billion by 2026, with a compound annual growth rate of 5.24% during the forecast period.This growth can be attri
According to a report by Kyodo News of Japan, there is an organization in Sri Lanka disguised as an IT company that is recruiting locals who can speak Japanese to carry out investment scams targeting Japanese nationals.This information comes from a local who had briefly worked at an institution in S
Following the POGO ban, many gray industry personnel chose to seek opportunities in Sri Lanka.Sri Lanka, a country dominated by tourism and services, why has it become the choice for gray industry personnel? There are five reasons:1. Geographical advantage: Sri Lanka is located in the center of the
Tourism has always been the lifeblood of Goa, known for its beaches, vibrant culture, and thriving entertainment industry. The state's casino industry is a crucial part of this tourism ecosystem, contributing about 15 billion rupees to the local economy annually. Goa's casinos, both onshore and offs
The National Anti-Human Trafficking Task Force warns of a surge in cases where Sri Lankan citizens are being sent to cyber scam parks in Myanmar.The task force states that recent reports indicate that Sri Lankan citizens, especially those residing in the UAE, are becoming targets of human traffickin
With the assistance of security officials dispatched by the Chinese government, Sri Lankan police have arrested over 230 Chinese suspects accused of targeting international banks in cyber fraud activities. The issue of Chinese and Taiwanese citizens falling into the "telecom and online gambling" tra