Sri Lanka approves Crown’s $350 million deal with casino
(Reuters) – The government of Sri Lanka has approved a hotel and leisure resort deal with Australian gambling tycoon James Packer’s Crown Ltd, but the investment is likely to increase from the original $350 million, the country’s investment promotion minister told Reuters on Thursday.
The finalisation of the deal was delayed because the Sri Lankan government was asking Lake Leisure Holdings, the joint venture between Crown Ltd and its local partner, Rank Entertainment Holdings Pvt Ltd, to change its construction plan.
Investment Promotion Minister Lakshman Yapa Abeywardena said the government had approved the deal with two towers in the original location given to the joint venture, instead of one.
“Today cabinet approved the tax concessions for the strategic development project of Lake Leisure Holdings. Now it will go to the parliament,” Yapa told Reuters in an interview. “The agreement is for $350 million. They have done some alterations, so it might increase,” Yapa said.
(Reuters)
Latest Headlines in Sri Lanka
- Victor Ivan passes away January 19, 2025
- Former Minister Vijith Vijayamuni Soysa arrested over illegally assembled lorry January 19, 2025
- 61 injured in head-on collision between two buses in Gandara January 19, 2025
- Renovated Court of Appeal building opened with support from China January 19, 2025
- Sri Lanka Health Minister pushes SPMC to boost medicine production by 2026 January 18, 2025
This guy kicked out his wife last week. There’s opportunity for a petite Sri Lankan lassie to collar him when he visits our land. Eligible brides in Sri Lanka, watch out; if you get a chance, go for him. He’s rich. Can I suggest Hirunika as a possible partner ?
Hello Dirty lady Chumpa,
You are a dirty b**ch. Why you are attacking to Hirunika. I don’t know her but condemn your attack. She had a stigma of loosing her father.