Sri Lanka’s new government bans casinos in new hotels

January, 29, 2015

The Cabinet has banned casinos in projects that come under the Strategic Development Act.

Prime Minister Ranil Wickremesinghe told Parliament that all projects approved under the Strategic Development Act, except casino businesses could be carried out under tax concessions.

Casino businesses cannot be carried out under the proposed projects under the joint projects by Ravi Wijeratne and James Packer, the Waterfront project of John Keells Holdings and Dhammika Perera’s Queensbury project, said Prime Minister Ranil Wickremesinghe.

Video Story

Stock Market

Exchange Rates

-->