Sri Lanka

Sri Lanka’s government has approved a significant increase in taxation on gambling activities, raising the betting levy to 18 percent and doubling the casino entry fee for local residents. The move is part of a broader fiscal strategy to strengthen state revenues amid economic recovery efforts. While policymakers argue the measures will provide much-needed funds to the treasury, the decision has sparked debate within the gaming industry and among social groups.

Sri Lanka is intensifying efforts to boost its economy by positioning tourism as a cornerstone of national growth, with ambitions to generate 10% of gross domestic product from the sector in the coming years. A central element of this strategy involves expanding the casino and integrated resort industry, aimed at attracting high-spending international travelers.

Sri Lanka has taken a decisive step in reshaping its gaming landscape by passing new legislation to establish a dedicated Casino Regulatory Authority. The move comes amid growing concerns over transparency, revenue collection, and the social impact of casino operations in the country. By introducing a specialized regulator, the government aims to tighten oversight, ensure compliance with financial standards, and enhance accountability in an industry long criticized for weak governance.