Sri Lanka increases casino license fee and renewal fee
January 14, 2024 08:35 am
The Sri Lankan government has increased the Casino License fees and the Casino License Renewal fee in the country, the Finance Ministry said.
The Casino Business Licensing Regulation No. 01 of 2022 has been amended through a Government Notification issue by President Ranil Wickremesinghe in his capacity as the Minister of Finance, effective from January 01, 2024.
Accordingly, for applicants with a minimum investment of USD 250 million in integrated development, the Casino License fee is Rs.10 billion while the Casino License Renewal fee is Rs.10 billion.
For applicants whose investment in integrated development is a minimum of USD 500 million, the Casino License fee is Rs. 05 billion while the fee for Renewal of License is Rs. 10 billion.
Meanwhile for the existing operators of casinos (who have obtained license prior to January 01, 2023) the License fee is Rs. 02 billion. This is divided as Rs. 500 million for the first five years and Rs. 1.5 billion for the next 15 years. The Renewal fee is also Rs. 10 billion.
Casino Regulation- Date 202... by Adaderana Online
