Asia

Sri Lankan Govt Approves Issuance of Casino Licences

Published

3 years ago

July 11, 2022

Niji Narayan

Reading Time: < 1 minute

The Sri Lankan government has approved a plan to provide official licences to the four casinos in the country – in order to facilitate the collection of taxes.

Local newspapers report that the casinos owe a total of $7.4m in taxes but it has been difficult to collect the money in the absence of official status.

The government passed gambling taxation regulations some years ago, but the laws failed to cover the formal issuing of licences. The new proposal also seeks to increase the levy on casinos from the present $550,000 per licence to $1.4m.

Related Topics:casino license Gambling taxation Sri Lankan government

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.