Friday, 09 August 2024 10:29

Golden Island Hospitality to launch Majestic Pride Casino at Lotus Tower Featured

Golden Island Hospitality Ltd., said yesterday it has entered into an agreement with the renowned Majestic Group Hotels and Casinos, a leading gaming group from India, to establish the Majestic Pride Casino, Sri Lanka.

The casino will be housed in the prestigious Lotus Tower located in Colombo 10, promising a world-class gaming experience.

The Finance, Economic Stabilisation and National Policies Ministry of Sri Lanka has granted a Casino Business License under the Casino Business (Regulation) Act, No.17 of 2010 to M/S Golden Island Hospitality Ltd. This significant development, finalised last month, marks the beginning of a new era in Sri Lanka’s gaming and hospitality sector.

An agreement with the Board of Investment of Sri Lanka was also signed on 1 August 2024, under Section 17(2) of the Board of Investment of Sri Lanka Law No.4 of 1978, further solidifying this venture.

 

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