Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka opposition protests against government's casino legislation
Fri, Apr 25, 2014, 12:10 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 24, Colombo: Activists of Sri Lanka's main opposition United National Party (UNP) today held a protest against the government's attempt to get parliamentary approval for legislation that would grant tax concessions for two projects to set up casinos and gaming facilities in the country.

Hundreds of Sri Lankan opposition party members gathered at the proposed site of the Crown Multi-Purpose Development Project at D.R. Wijewardene Mawatha in Colombo to protest against the project of Australian gaming tycoon James Packer.

Packer has agreed to invest US$350 million to build a 36-story skyscraper which will be known as 'Crown Colombo' in the heart of Colombo for a casino and gaming enterprise to be opened in 2016. The large scale casino project, which is identified as a mixed development project, has been categorized under the Strategic Development Projects Act.

Earlier, the government granted Packer a 10-year exemption from income tax in addition to a further concessionary 6 percent tax rate for 12 years among other tax concessions. Late the gazette notification granting tax concessions to Packer was withdrawn from parliament due to opposition protests.

The cabinet also approved a similar development by the diversified conglomerate, John Keells Holdings (JKH) to build a multi-function resort at a cost of US$ 650 million.

However, the parliament today approved a new order under the Strategic Development Projects Act, which according to Minister Dilan Perera, will not grant the tax concessions for casinos and starting a new Casino is not allowed under the act.

President Mahinda Rajapaksa today addressing the media personnel also said the government is not in preparation to establish the casino trade in the country.

ColomboPage - Recent 10 Stories
SriLankan Airlines relocates FlySmiLes Service Centre
-- [30 minutes ago]
MPs Wimal Weerawansa and Jayantha Samaraweera produced before court today
-- [57 minutes ago]
UNP Ministers vow to defeat no-confidence motion against the PM
-- [1 hour and 16 minutes ago]
Sri Lanka reiterates commitment to two-state solution to the Israeli-Palestinian conflict
-- [2 hours ago]
U.S. concerned by reports of right violations by security forces and attacks on minorities in Sri Lanka
-- [2 hours ago]
Sri Lanka aims to produce 150 million fish fingerlings by 2020
-- [2 hours ago]
Nearly Rs. 900,000 Self-employment assistance for returning migrant workers
-- [3 hours ago]
IAEA continues to support Sri Lanka to achieve its development goals
-- [4 hours ago]
HRW calls on Sri Lankan government to announce a time-bound plan to implement UNHRC recommendations
-- [4 hours ago]
Army officer remanded for spreading hate speech on Facebook
-- [4 hours ago]

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.