{"id":8322,"date":"2022-11-17T00:00:00","date_gmt":"2022-11-17T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/budget-2023-amendments-to-casino-gaming-betting-laws\/"},"modified":"2022-11-17T00:00:00","modified_gmt":"2022-11-17T00:00:00","slug":"budget-2023-amendments-to-casino-gaming-betting-laws","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/budget-2023-amendments-to-casino-gaming-betting-laws\/","title":{"rendered":"Budget 2023 | Amendments to casino, gaming, betting laws"},"content":{"rendered":"<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">COLOMBO &ndash; Sri Lanka&#39;s 2023 Budget has proposed to make several amendments to the definitions made in the Betting and Gaming Levy Act, and the Casino Business (Regulation Act).<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Betting and Gaming Levy Act:<\/strong><\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The definition of &quot;bookmaker&quot; in the Betting and Gaming Lely Act will be extended to include a person receives or negotiates bets on all type of sports event, including online betting.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">A licensing mechanism for the business of bookmaker will be introduced, for a fee. Betting and Gaming Lely Act will be amended to permit the licensed bookmakers to register with hland Revenue Department. Engaging in the business of bookmaker without a license and will be prohibited by making it a punishable offence.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Casino Business (Regulation) Act:<\/strong><\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Amendments will be introduced to extend the definition of gaming\/ casino to include the online gaming\/casino. The regulatory and licensing requirements will be applicable for online casinos operate in Sri Lanka. Any online casino operating without a license will be made illegal.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The definition of &#8220;bookmaker&#8221; in the Betting and Gaming Lely Act will be extended to include a person receives or negotiates bets on all type of sports event, including online betting<\/p>\n","protected":false},"author":1,"featured_media":5721,"menu_order":306,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4211],"class_list":{"0":"post-8322","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-srilanka-budget-2023-betting-levy-act-sports-srilanka-bets","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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