{"id":22712,"date":"2013-09-14T10:00:48","date_gmt":"2013-09-14T10:00:48","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=22627"},"modified":"2013-09-14T10:00:48","modified_gmt":"2013-09-14T10:00:48","slug":"sri-lanka-confirms-new-casino-deal","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/sri-lanka-confirms-new-casino-deal\/","title":{"rendered":"Sri Lanka confirms new casino deal"},"content":{"rendered":"<div id=\"attachment_22002\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2013\/08\/Colombo-Sri-Lanka.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-22002\" class=\"size-medium wp-image-22002 \" alt=\"Colombo \" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2013\/08\/Colombo-Sri-Lanka-300x210.jpg\" width=\"300\" height=\"210\" \/><\/a><p id=\"caption-attachment-22002\" class=\"wp-caption-text\">Colombo where the new casino resort will be built by 2015<\/p><\/div>\n<p>The Sri Lankan government has rubber stamped the approval for a $350 million casino resort in the countries capital Colombo, which will be owned by Australian billionaire businessman James Packer. The development is slated to be open by 2015 according to Mr Packer\u2019s company Crown Entertainment which will operate the casino along with their partner Rank Entertainment Ltd.<\/p>\n<p>Under the partnership name of Lake Leisure Holdings the company will now move full steam ahead to ensure the resort is up and running for the target completion date of 2015.<\/p>\n<p>However there is some opposition to the deal when the government announced it had given incentives to Mr Packer in return for the huge investment in the country. A local newspaper has said that the government had offered Lake Leisure Holdings a 10-year income tax holiday along with the casino only being charged 6% tax for another 12 years.<\/p>\n<p>That deal says a local MP in Sri Lanka as crazy with Macau\u2019s tax rate for casinos at 40% with other gambling destinations such as Singapore, Malaysia and the Philippines all charging similar rates.<\/p>\n<p>MP Harsha de Silva said, \u201c\u201cSri Lanka goes into the record books as the first country in the world that exempts casinos from tax.\u201d He also added that there were irregularities in the casino licensing process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sri Lankan government has rubber stamped the approval for a $350 million casino resort in the countries capital Colombo, which will be owned by Australian billionaire businessman James Packer. The development is slated to be open by 2015 according to Mr Packer\u2019s company Crown Entertainment which will operate the casino along with their partner Rank Entertainment Ltd.<\/p>\n","protected":false},"author":3,"featured_media":22002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9],"class_list":["post-22712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sri Lanka confirms new casino deal - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/sri-lanka-confirms-new-casino-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri Lanka confirms new casino deal - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"The Sri Lankan government has rubber stamped the approval for a $350 million casino resort in the countries capital Colombo, which will be owned by Australian billionaire businessman James Packer. The development is slated to be open by 2015 according to Mr Packer\u2019s company Crown Entertainment which will operate the casino along with their partner Rank Entertainment Ltd.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/sri-lanka-confirms-new-casino-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-14T10:00:48+00:00\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/sri-lanka-confirms-new-casino-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/sri-lanka-confirms-new-casino-deal\\\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/38b848f26341d94a3f6b1f5d9642234c\"},\"headline\":\"Sri Lanka confirms new casino deal\",\"datePublished\":\"2013-09-14T10:00:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/sri-lanka-confirms-new-casino-deal\\\/\"},\"wordCount\":237,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/sri-lanka-confirms-new-casino-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"featured\"],\"articleSection\":[\"Gaming\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/sri-lanka-confirms-new-casino-deal\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/sri-lanka-confirms-new-casino-deal\\\/\",\"name\":\"Sri Lanka confirms new casino deal - 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