Sri Lanka’s Finance Ministry increases casino license and renewal fees
Posted by Editor on January 14, 2024 - 10:41 am
Sri Lanka’s Ministry of Finance has decided to increase the fees for casino licenses and renewals starting from January 1, 2024.
If someone is looking to invest a minimum of USD 250 million, he’ll have to pay Rs. 10 billion for both the casino license and its renewal.
For those who are investing at least USD 500 million, the license fee is Rs. 5 billion, and the renewal fee is Rs. 10 billion.
Existing casino operators who were licensed before January 1, 2023, will be charged a license fee of Rs. 2 billion, structured as Rs. 500 million for the first five years and Rs. 1.5 billion for the following 15 years.
Moreover, the renewal fee for these operators is set at Rs. 10 billion.
Latest Headlines in Sri Lanka
- Senior Professor Rathnayake appointed to restore order at University of Ruhuna November 24, 2024
- Sri Lankan fishing vessel seized with massive drug haul in Maldives November 24, 2024
- Audit reveals misuse of electric vehicle permits for migrant workers in Sri Lanka November 23, 2024
- IMF approves third review: Sri Lanka secures $333 million tranche under EFF November 23, 2024
- Sri Lankan President urges accountability and unity for a better future November 23, 2024
