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Sri Lankan casino entry fee of $50 is applicable only to nationals

Published

6 years ago

April 8, 2019

Niji Narayan

Sri Lankan casino entry fee of $50 is only applicable to nationals

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Sri Lankan Government has clarified that the previously proposed $50 casino entry fee would only apply to nationals. Sri Lanka’s Finance Minister, Mangala Samaraweera, clarified that the proposed $50 entry fee would only apply to nationals and residents of the tiny South Asian island nation. The purpose of the levy would be to discourage locals from gambling at casinos.

Sri Lankan lawmakers also presented a plan for a drastic increase in the annual license fee casino operators are required to pay. In addition, casino owners will also be obligated to pay a 15% tax on their full-year gambling turnover.

Samaraweera said that the government is preparing to roll out a framework for the regulation of gambling in the country. The adoption of a new framework was a prerequisite under Sri Lanka’s anti-money laundering law.

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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.