Tag Archives: Sri Lanka
Sri Lanka – EGT enters Sri Lanka with Ballys Colombo install
Euro Games Technology has entered a new market in Sri Lanka with Ballys Colombo casino becoming the first local operator to discover the potential of EGT’s progressive jackpot system Egypt Quest. The casino, located in the heart of the capital city, near the beautiful Beira Lake, has been offering five-star entertainment since 1995. It is…
Sri Lanka – Building new casino empires
John Keells Holdings, Sri Lanka’s largest listed conglomerate, is presently at work in Colombo preparing the foundations for its new $650m resort, the largest investment by a domestic company in Sri Lanka. The resort, which is due to open in 2018, will include an 900-room luxury hotel, conference venues, a shopping mall, residential apartments, an…
Sri Lanka – Crown gets go-ahead in Colombo
Despite splashing his name across all the tabloids thanks to a punch-up with best mate, David Gyngell, James Packer received some positive news last week with the Sri Lankan government saying it will allow his planned US$400m mixed-use resort development in Colombo to operate as a casino. Government spokesman Keheliya Rambukwella said that casinos will…
Sri Lanka – Colombo projects approved without casino element
The Sri Lankan government has now given its seal of approval to Crown Resorts’ $400m Colombo casino project as well two other similar developments put forward by John Keells Holdings and Sri Lankan businessman Dhammika Perera. The casino element of the project has though been sidestepped with government highlighting two key points; no new casino…
Sri Lanka – Delays to Packer’s Sri Lanka gamble
Crown Resorts’ US$400m expansion into Sri Lanka is unlikely to be approved before the end of 2013 amid allegations that Crown’s owner James Packer was receiving concessions not granted to local businesses. The complaints have come via Buddhist leaders who believe the casino development could be damaging to the culture of Sri Lanka. In October…
Sri Lanka – Muslim Council demands end to Sri Lanka’s casino expansion
An online petition demanding Sri Lanka’s President Mahinda Rajapaksa scraps plans to permit Crown Resorts and John Keells Holdings to both build resorts casinos in the capital of Colombo has been launched by the Muslim Council of Sri Lanka. The ‘Stop casinos in Sri Lanka petition’ said: We want the incumbent government to immediately stop the…
Sri Lanka – Crown confirms Sri Lanka investment will be US$400m
Australia’s biggest casino group, Crown Resorts has now confirmed it will invest US$400m in a 5-star integrated resort in Colombo, Sri Lanka, if detailed discussions with the Sri Lankan Government and potential joint venture partners come off. It is intended that the integrated resort, to be branded Crown Sri Lanka, will be a must-see landmark…
Sri Lanka – Sri Lanka approves two Colombo casino projects
Sri Lanka’s Cabinet of Ministers have now approved two investments worth around $US1bn in foreign-funded casinos in the capital Colombo, including one involving Australian operator Crown, owned by James Packer. The US$350m project by Mr. Packer to build a mixed-resort in the capital Colombo, including a casino, hotel with a minimum of 400 rooms, convention facilities, restaurants and…
Sri-Lanka – Packer gets the green light
The government of Sri Lanka has approved a hotel and leisure resort deal with Australian gambling tycoon James Packer’s Crown Ltd, but the investment is likely to increase from the original $350m. The finalisation of the deal was delayed because the Sri Lankan government was asking Lake Leisure Holdings, the joint venture between Crown and…
