In an attempt to increase tax revenues in the face of a floundering economy and the government for the Asian island nation of Sri Lanka has reportedly approved the issuance of four more land-based casino licenses.
According to a report from GGRAsia, the move comes some twelve years after then-President Mahinda Rajapaksa ratified the enabling Casino Business (Regulation) Act Number 17 with the coming certifications to be awarded to the country’s existing club of gaming operators. The source detailed that this move coincidentally comes less than a week after the nation’s richest man, Dhammika ‘Casino King’ Perera, was unexpectly appointed to serve as Investment Minister.
Startling situation:
Situated off the southeastern coast of India, …