The government’s new tax and regulatory changes are expected to affect Sri Lanka’s gaming industry, and Cinnamon Life’s City of Dreams casino says it is ready to adjust.
Speaking at a World Tourism Day event, City of Dreams General Manager Michael Habashi said the casino will need to adapt to the higher taxes and fees. The betting and gaming levy will increase from 15% to 18%, while the entry fee for Sri Lankan players will double from US$50 to US$100. Foreign visitors will still be allowed free entry.
These measures are aimed at boosting government revenue and strengthening regulation. The Treasury has already asked the Legal Draftsman’s Department to prepare the necessary amendments to the Betting and Gaming Levy Act, which will be presented to Parliament soon.
Habashi noted that although the changes will have an impact, City of Dreams is equipped with some of the most advanced gaming technology in the country. He also said that the resort has been attracting more Chinese and Indian tourists, and hopes to draw more visitors from West Asia.
City of Dreams Colombo is part of Melco Resorts and Entertainment, which also operates in Macau, Cyprus, and Milan. Habashi added that the resort encourages travellers to explore other parts of Sri Lanka during their stay, including excursions and shopping for gems and jewellery.
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