Melco Resorts & Entertainment reported a stirring performance for the first quarter of 2026. The group's total revenue jumped by 10.9% to $1.37 billion, with net profits soaring from $32.5 million in the same period last year to $76.8 million, an increase of 136.2%. Adjusted property EBITDA also cli
Sri Lanka's online gambling market is undergoing a quiet transformation. Once considered core, casino-style games have now significantly reduced in share, replaced by lighter, more accessible entertainment options. According to the latest industry report, sports betting still leads with a 30% share,
South Asia's first integrated resort, City of Dreams Sri Lanka, welcomes its inaugural Global Gaming Connect Expo this month. Government officials at the expo made it clear that they will fully support the development of a legal, fair, and sustainable gaming industry. This project, operated by Melc
Sri Lanka's inaugural Global Gaming Connect Expo recently concluded at the City of Dreams in the capital, Colombo. The two-day event attracted numerous iGaming operators, suppliers, and compliance experts, many of whom came from China's tech industry. The Deputy Minister of Tourism stated in his spe
The Inland Revenue Department (IRD) of Sri Lanka has officially announced that from New Year's Day 2026, the tax standards for the country's casinos and gambling industry will undergo significant adjustments. This change is based on the Gambling Tax Amendment Act No. 25 of 2025, aimed at revising th
The Sri Lankan government recently revealed that the new Gaming Regulatory Authority will officially go live on December 1st. This entity will be responsible for managing all gambling activities nationwide, including online and offline, but excluding lotteries. The regulatory body will handle licens
Sri Lanka has recently introduced a new law that will comprehensively regulate gambling activities starting from December 1. This law aims to regulate market order, prevent illegal activities, and enhance transparency. Simply put, this is an important step by the government to rectify the industry.B
The Republic of Sri Lanka plans to officially establish the Gambling Regulatory Authority (GRA) on June 30, 2026, to uniformly manage all gambling activities except for lotteries and social games, aiming to address the regulatory challenges where online gambling is illegal yet prevalent. Currently,
Sri Lankan media reports have raised concerns about the country's visa approval system. According to local media "Today Ceylon," several officials from the Sri Lankan Immigration Department have jointly written to the president, expressing concerns about potential security issues in the visa approva
If it weren't for personal experience, I might also think that the external claims about the risks of the gambling industry in Sri Lanka are a bit exaggerated.But having been here for nearly a year, I can responsibly tell everyone: There are indeed opportunities here, but the risks are much greater
Sri Lanka's cabinet recently approved the 2025 budget, announcing adjustments to the tax policy for the gambling industry. According to the new regulations, the tax on gambling and gaming will be increased from 15% to 18%, and the entry fee for casinos for the country's citizens will be raised from
Sri Lanka is pinning its future on the gambling industry, attempting to attract high-end tourists from China and India with casinos in exchange for the urgently needed foreign exchange income. At the beginning of this month, President Disanayake personally inaugurated the $1.2 billion "Studio City S
With the legalization of gambling and the acceleration of digitalization, Sri Lanka has unexpectedly become a "new paradise" for cybercriminals.Kaspersky's latest report shows that the country has seen a sharp increase in the number of malware and phishing attacks, with the financial sector particul
Sri Lanka's gambling industry welcomes historic changes. Recently, the Sri Lankan Parliament officially passed the second reading of the "Gambling Regulatory Authority Act," which is scheduled to take effect after being signed by the Speaker of the Parliament. This means that the country's gambling
