Tag Archives: Sri Lanka
- Sri Lanka shuts door on casino investors
July 21, 2016
Talk about nipping the idea in the bud. For a nation seeking investments to bolster its economy, Sri Lanka’s Prime Minister Ranil Wickremesinghe has immediately thumbed down proposals to revive the Casino industry, The Colombo Page reported. Wickremesinghe made the statement after one businessman attending the International Enterprise Singapore Global...
- Sri Lanka cricket suspends bowling coach over match fixing allegations
January 20, 2016
Sri Lankan test cricket is in the spotlight amid an alleged attempt to fix a test against the West Indies. Sri Lanka Cricket (SLC) handed Anusha Samaranayake a two-month ban on Monday over his relationship with net bowler Gayan Vishwajith, who allegedly approached national team players to underperform during a...
- Sri Lanka casinos fear for their lives under new government’s tax regime
December 16, 2015
Casinos in Sri Lanka are wondering if the government’s new tax regime is less of an attempt to raise revenue or more of a weapon meant to close their doors forever. Sri Lanka’s several small casinos were already under financial pressure but certain local casino industry execs told the Sunday...
- Sri Lanka to eliminate casino entry levy while boosting casino taxes, fees
November 27, 2015
Sri Lanka has decided to scrap proposed casino entry fees while making up the budget shortfall by hiking casino taxes and doubling the cost of an annual gaming license. The Sri Lankan government unveiled its proposed 2016 budget this week, in which it promised to eliminate the $100 casino entry...
- Cambodia casino law; Sri Lanka casino levy
April 7, 2015
Cambodia’s National Assembly is expected to approve a new casino management bill by the end of the year with the goal of increasing gambling revenues and improving the country’s casino industry to international standards. The announcement was made by Ros Phearun, the deputy director of finance industry for Cambodia’s Ministry...
- Sri Lanka PM supports decision to withdraw Crown’s casino license
February 25, 2015
Sri Lankan Prime Minister Ranil Wickremesinghe is vouching for his government’s decision to withdraw its license approval and tax breaks for Crown Resorts’ proposed $450 million project in Colombo, essentially saying that the country really wasn’t going to make anything out of the deal with the Australian casino titan. Wickremesinghe...
Melco Crown preps rebirth as Melco Resorts & Entertainment
March 17, 2017
James Packer abandons Las Vegas casino dream
May 22, 2017
Crown Resorts VIP pleads guilty to $125k chip theft
March 21, 2017
Aussie regulators size up Crown Resorts’ financial strength
March 20, 2017