{"id":777000641,"date":"2022-12-01T14:14:54","date_gmt":"2022-12-01T17:14:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777000641"},"modified":"2026-04-23T02:26:02","modified_gmt":"2026-04-23T05:26:02","slug":"sri-lanka-to-advance-with-creation-of-casino-regulatory-authority","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sri-lanka-to-advance-with-creation-of-casino-regulatory-authority","title":{"rendered":"Sri Lanka to advance with creation of casino regulatory authority"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Sri Lanka has decided to go ahead and create a dedicated casino regulator.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Sri Lanka.- The finance ministry has been tasked with drawing up an action plan to create a casino regulator as the country aims to keep better tabs on whether its current licensees are paying correct taxes. Sri Lanka\u2019s<strong>&nbsp;Committee on Public Finance<\/strong>&nbsp;had <a href=\"https:\/\/focusgn.com\/asia-pacific\/sri-lankan-committee-proposes-creation-of-dedicated-casino-regulator\">proposed the move<\/a> in order to clarify rules for the sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government had previously announced that it would <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/sri-lanka-to-issue-casino-licences-to-boost-tax-collection\" target=\"_blank\">issue casino licences to existing casino operators<\/a>&nbsp;in order to raise taxes. The <strong>Casino Business (Regulation) Act No. 17 <\/strong>was passed in 2010&nbsp;to introduce licences for gambling establishments, but regulations and licences had still not been issued.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At a meeting yesterday (November 30), the&nbsp;<strong>Committee on Public Finance<\/strong>&nbsp;noted that while the 2010 law provides the necessary legal provisions for casino operations, it doesn&#8217;t cover regulatory activities, including taxation, which would require the creation of an agency. Authorities believe casinos owe around $7.4m in taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sri Lanka has decided to go ahead and create a dedicated casino regulator.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sri Lanka is proceeding with the establishment of a dedicated casino regulator, a directive from its finance ministry, to enhance oversight of existing licensees and ensure accurate tax remittance. This initiative addresses a critical regulatory lacuna within the 2010 Casino Business (Regulation) Act, which lacked comprehensive provisions for regulatory activities including taxation, with authorities identifying approximately $7.4 million in outstanding tax liabilities from current operators. This development signifies a material advancement in the jurisdiction's iGaming governance framework.","focusai_entities":"Finance Ministry (Sri Lanka), Committee on Public Finance (Sri Lanka), Government of Sri Lanka","focusai_location":"Sri Lanka","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.95), operator_casino (1.0), payments_fraud_aml (0.75), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Regulator's Scope & Timeline","query":"What specific powers and enforcement mechanisms will the new Sri Lankan casino regulator possess, and what is the projected timeline for its full operationalization and the issuance of comprehensive regulations?"},{"label":"Tax Collection Impact","query":"How will the new regulatory body address the estimated $7.4 million in outstanding taxes from existing operators, and what are the anticipated long-term revenue implications for the Sri Lankan treasury from a formalized gaming tax regime?"}],"footnotes":""},"categories":[156,16334],"tags":[23911,4138],"class_list":["post-777000641","post","type-post","status-publish","format-standard","hentry","category-regulation-news","category-south-asia-news","tag-gambling-regulation","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777000641"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000641\/revisions"}],"predecessor-version":[{"id":777000660,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000641\/revisions\/777000660"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}