Wednesday, 12 June 2024 09:20

CoPF calls for immediate action to regulate online casinos Featured

Chair of the Committee on Public Finance, Dr. Harsha de Silva has called for immediate action to regulate online casinos.

Despite existing laws prohibiting their operation, online casinos continue to function openly, depriving the country of significant revenue. Dr. de Silva has directed a formal letter to be sent to the Minister of Finance, urging prompt attention to this pressing issue.

The call for regulation was a key topic at the recent Committee on Public Finance meeting, chaired by Dr. de Silva on June 6th. During the session, the necessity of establishing a Casino Regulator was underscored.

Representatives from the Ministry of Finance and the Central Bank concurred, noting that many of the current issues surrounding casinos could be effectively managed with the establishment of a regulatory authority.

 

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