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Industry
August 8, 2023
MERKUR UK Vows Support for Wind Farm in Sri Lanka
Different environmental, social and governance (ESG) programs have become a part of strategies for many globally recognized businesses. Many leading companies within the gambling sector have also implemented various efficiencies and improvements that complement their sustainable growth amid the rising concerns about a possible environmental crisis. Now, the leading betting and gaming operator, MERKUR UK, […]
Industry
June 28, 2023
Sri Lanka Forms New Gambling Regulatory Authority
Sri Lanka’s Cabinet of Ministers has approved the arrival of the new watchdog, with the Gambling Regulatory Authority, now in charge of the industry, revenue collection, and the overall course of gambling development in the country. The ministers voted on a bill that was submitted by the country’s President, Ranil Wickremesinghe, earlier this week, with […]
Legal
November 28, 2022
Sri Lanka Lawmakers Discuss Creating a Gambling Regulator
Lawmakers in Sri Lanka are still considering the creation of a regulator that will be in charge of the licensing for gambling activities. Following debate over the weekend, the country came a step closer to regulating the activity and acknowledged the need for a gambling-specific regulatory body. Sri Lanka Lawmakers Consider the Creation of Gambling […]
Casino
November 22, 2022
New Casino Expected to Open at Sri Lanka’s Lotus Tower
Sri Lanka’s Colombo Nelum Kuluna (also known as the Lotus Tower in Colombo) is in the top 20 of the tallest buildings in the world and is expected to garner a lot of investor interest to better develop the region. It has a total of 13 floors to offer shopping, restaurants, luxury hotel rooms, and […]
Casino
July 8, 2022
Sri Lanka Issues Licenses to All Casino Operators to Collect Unpaid Taxes
On July 4, the government of Sri Lanka has given green light to the issuance of licenses to all four casino operators active in the country. The move aims to make tax collection more efficient. Outstanding Tax Revenue of SRL 2.67 billion ($7.4 million) Sri Lanka has a long-standing gambling regulation with the Betting and […]
Industry
June 27, 2022
Sri Lanka “Casino King” Becomes Minister Amid Crisis
“Casino King”, “Richest Man in Country” – Now Minister as Well Dhammika Perera, AKA Sri Lanka’s “casino king”, was appointed as minister of technology and investment promotion last Friday. The news comes as Sri Lanka is heavily affected by an economic crisis and nationwide protests are plaguing the country. This led to president Gotabaya Rajapaksa’s […]
Business
October 6, 2021
AstroPay Inks a Partnership with Sri Lanka’s Cricket Team
Global virtual payment solutions provider AstroPay has announced a partnership with the T20 cricket team of Sri Lanka. This marks AstroPay’s expansion into the world of professional cricket. AstroPay Enters Professional Cricket The agreement deal will see the Sri Lankan team put AstroPay’s logo on the leading arm sleeve of the athletes’ jerseys, as well as on the front […]
