Articles About Sri Lanka casinos

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Sri Lankan Government Decides to Block Anti-Casino Bill

Sri Lankan Government Decides to Block Anti-Casino Bill

Toni July 24, 2014 16:10:01

MP Karu Jayasuriya saw his efforts to prevent casino operations in his country diminished, as the Sri Lankan government decided to reject his proposed bill. MP Karu Jayasuriya, who is part of the United National Party (UNP), wanted to stop many forms of gambling activities under the strategic development project in Sri Lanka. Although Sri […]

Could Sri Lanka Casinos Be the Remedy for the State’s Slow Economy?

Could Sri Lanka Casinos Be the Remedy for the State’s Slow Economy?

Monica E. June 4, 2014 14:39:23

Bureaucratic issues have caused Sri Lanka to miss its foreign investment target last year, pulling down economic growth. According to Investment Promotion Minister Lakshman Yapa Abeywardena, heavy bureaucracy slowed Foreign Direct Investment (FDI) to $1.3 billion for 2013. The figure is much lower than the initial $2 billion projection. “There were shortcomings on our part […]