COPF Chairman Dr Harsha de Silva<\/strong> said it was allowing potentially significant tax revenue to go uncollected. De Silva alleged that foreign-linked online gambling businesses were operating without adequate financial supervision and questioned the effectiveness of efforts to block illegal gambling websites. \u201cThere is a regulator, but there are no regulations,\u201d de Silva said.<\/p>\n\n\n\nDuring parliamentary scrutiny in July, Inland Revenue Department (IRD) officials reported that Sri Lanka had six licensed casino operators, five of which were operational, alongside 37 licensed sports betting and horse-racing operators. However, no online casino operators were registered with the department at the time, despite numerous platforms reportedly targeting customers in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Gambling Regulatory Authority has missed its initial June target and a subsequent November timeline, leaving key rules for casinos, betting and online gambling pending.<\/p>\n","protected":false},"author":680,"featured_media":777033949,"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's Gambling Regulatory Authority (GRA) has pushed its deadline for publishing crucial casino, betting, and online gambling regulations to December 31, 2026, after multiple delays. This protracted regulatory void has drawn criticism from Parliament's COPF, citing significant uncollected tax revenue and the unchecked operation of foreign-linked online gambling businesses without adequate financial supervision.","focusai_entities":"Gambling Regulatory Authority (GRA), Dr W.M.K.G.A. Wickramasinghe, Parliament\u2019s Committee on Public Finance (COPF), Dr Harsha de Silva, Inland Revenue Department (IRD)","focusai_location":"Sri Lanka","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Revenue Impact Analysis","query":"What is the estimated annual GGR and NGR currently being foregone by the Sri Lankan government due to the absence of a comprehensive regulatory and taxation framework for online gambling?"},{"label":"Operator Compliance Path","query":"How will existing licensed land-based operators and currently active but unregistered online gambling entities be transitioned into the new regulatory regime once the GRA's framework is finally enacted?"}],"footnotes":""},"categories":[156,16334],"tags":[24799],"class_list":["post-777049269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-asia-news","tag-sri-lanka"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049269","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777049269"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049269\/revisions"}],"predecessor-version":[{"id":777049274,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049269\/revisions\/777049274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777033949"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777049269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777049269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777049269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}