One of the newly approved ventures is a partnership between Sri Lanka’s Golden Island Hospitality Ltd and India’s Majestic Group Hotels and Casinos.

This joint venture will establish and operate the Majestic Pride Casino at the Colombo Lotus Tower. On August 1, 2024, the companies were granted a Casino Business License by the Ministry of Finance and the joint venture company signed an agreement with the BOI.

In a joint statement, the companies expressed their goal to position Majestic Pride Casino as a prime tourist destination, contributing to Sri Lanka’s tourism and economy, while creating job opportunities for local youth in the gaming and hospitality sectors.