In a big move for the region’s casino industry, Sri Lanka has now allowed the import of casino machines, ending a ban that had been in place since the country’s financial crisis. The decision was made by the Committee on Public Finance (COPF), and each machine brought in will be closely monitored by a new tracking system, according to officials.
Why Now?
This comes at a time when Sri Lanka’s parliament is debating the Gambling Regulatory Authority Bill, 2025. The bill aims to bring both conventional casinos and online betting under one regulatory body, launching new rules and tighter control for the industry. The bill is expected to update gambling laws, bring in more government revenue, and attract foreign investment, especially from the booming tourism part.
What’s New?
With the lifting of the ban, casino equipment that was restricted under previous rules can now enter the country, but every machine will have to be tracked under the new monitoring directive. The government hopes this will increase transparency and prevent illegal activities. COPF Chairman Dr Harsha de Silva made it clear that while imports are allowed, strict oversight will be the norm.
However, Dr de Silva also pointed out that the new gambling bill still needs to lay down clear operational rules. Experts believe this could be a challenge in proper enforcement and could leave some loopholes if not addressed.
Who’s Involved?
Former finance minister Ravi Karunanayake welcomed the move, calling it a smart financial step that can help boost government income, rather than just a policy for gamblers. The new authority, once set up, will include representatives from the Finance Ministry, tax department, police, financial crime watchdogs, and independent experts to make sure the rules are followed. This will cover licensing, anti-money laundering, and compliance.
Industry Buzz
The announcement comes as the City of Dreams Sri Lanka, a billion-dollar casino resort, prepares to open its gaming operations this year with a 20-year licence. To further increase state earnings, the Sri Lankan government is also planning to double the entry fee for casinos from $50 to $100, and hike the gambling turnover tax from 15% to 18%.
Why Should Indian Readers Care?
Sri Lanka’s moves could set an example for South Asia, where legal gambling is a hot topic. For Indian tourists, investors, and gaming industry professionals, these changes mean more transparency, potentially safer gaming, and possible new opportunities for business or leisure travel.
Summary
Sri Lanka’s decision to allow casino machine imports, along with the new monitoring and regulatory push, could shape the future of gaming in the region. All eyes will be on how these new measures are rolled out and if they help the industry grow responsibly and transparently.
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