Monday, 16 September 2019 15:21

Sri Lanka gets applications for two casino licenses

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Two parties have applied to open income tax files for casinos in Sri Lanka but no licenses can be issued to them, after a gaming law had been enacted, the government has said.

Four existing casinos operate under a de facto license in the form of a tax file opened at the Department of Inland Revenue.

Bally’s (Pvt) Ltd, now operating at 34, D R Wijewardene Mawatha, Colombo 10, had opened a tax file in 1996.01.03, Sri Lanka’s parliament was told.

Bellagio (Pvt) Ltd, at 430, R A de Me Mawatha, Colombo 02, was given a tax file on 2000.01.03.

Star Dust (Pvt) Ltd, of 09, 15 the Lane Colombo 03, had a file from 2005.05.20.

Marina Colombo (Pvt) Ltd, of 30, 14th Lane, Marine Drive, Colombo had opened a file on 2013.07.31.

Two applications had been made to open tax files for casinos.

But none had been opened because under the Betting and Gaming Levy (amendment) law, no new casinos can be registered.

At least two of the casinos offer online gaming services.

Bellagio offers online gaming via the portal win365casino.com in roulette and baccarat.

Live betting is conducted in real time with all of the fans placing their bets on the current sports event. While football is the most famous sport used in live betting, players can also place their bets on cricket,tennis, basketball, Formula 1 and many more competitive sports.

(economynext.com)

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