{"id":8672,"date":"2024-01-16T00:00:00","date_gmt":"2024-01-16T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/sri-lanka-receives-10-applications-for-online-casino-operations-1-hour-after-law-approval-regulatory-body\/"},"modified":"2024-01-16T00:00:00","modified_gmt":"2024-01-16T00:00:00","slug":"sri-lanka-receives-10-applications-for-online-casino-operations-1-hour-after-law-approval-regulatory-body","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/sri-lanka-receives-10-applications-for-online-casino-operations-1-hour-after-law-approval-regulatory-body\/","title":{"rendered":"Sri Lanka receives 10 applications for Online Casino operations 1 hour after law approval regulatory body."},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Sri Lanka has received 10 applications to set up casinos under new regulations issued, and they are in various stages of evaluation, State Minister for Finance Ranjith Siyambalapitiya said.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#0000ff\"><u><a href=\"https:\/\/www.mundovideo.com.co\/asia\/new-ir-in-sri-lank-bill-but-having-trouble-facing-cross-over-lands-with-china\" target=\"_blank\" rel=\"noopener\">New IR in Sri Lank bill but having trouble facing cross over lands with china <\/a><\/u><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Opposition legislator Athureliye Rathana, a monk, questioned whether two companies, including one called Golden Island Hospitality (Pvt) Ltd had been issued licenses. He questioned whether a casino had been approved for the Lotus Tower, and whether casinos will be set up in Kandy and Jaffna.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/sri-lanka-receives-10-applications-for-online-casino-operations-1-hour-after-law-approval-regulatory-body2.jpg\" style=\"width:100%\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Opposition legislator Lakshman Kiriella requested that casinos not be set up in Kandy, the Sri Pada and Anuradhapura which had a religious significance.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">Minister Siyambalapitiya said the applications were in various stages of evaluation and no licenses have been issued so far.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Under regulations gazette last year, there were four casinos which were charged 500 million rupees as an renewable fee for five years. They also had to pay 15 percent on revenues and collect a 50 dollar fee from Sri Lankan casino players.<\/span><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/sri-lanka-receives-10-applications-for-online-casino-operations-1-hour-after-law-approval-regulatory-body3.jpg\" style=\"width:100%\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The government planned to increase the fee to 200 dollars over three years to discourage locals playing casinos, he said. Rathana thero questioned why casinos were being set up when people did not have money to eat.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/sri-lanka-receives-10-applications-for-online-casino-operations-1-hour-after-law-approval-regulatory-body4.jpg\" style=\"width:100%\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">Currently, six Land Based casinos operate in Colombo, including Bally&#39;s, Bellagio Entertainment, Casino Marina, Stardust, Continental Club and The Ritz Club.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Siyambalapitiya said there was criticism when valued added tax were raised but when alternative sources of revenue was found by taxing foreigners, traditional criticisms were being made that had kept the country back.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;<span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>I clearly said 10 applications have been received. We must remember already regulated casinos which operated without paying a license for many years. We are talking about taxes, asking not to impose VAT, but when a tax is charged from tourists, they we are told <\/em><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">not to do this,&rdquo; Siyambalapitiya said.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;<span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>Then are you asking to raise taxes on locals? There is a big problem in going forward with the reality. Always with this traditional opposition this country has gone down the tubes (waler pull-lerter gi-yar). It is the same thing today. We must realize this Honorable Speaker,&rdquo; <\/em><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Siyambalapitiya added.<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister Siyambalapitiya said the applications were in various stages of evaluation and no licenses have been issued so far.<\/p>\n","protected":false},"author":1,"featured_media":8673,"menu_order":212,"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":[3826,4492,2595],"class_list":["post-8672","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-licenses","tag-siyambalapitiya","tag-sri-lanka","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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