Sri Lanka Targets Wealth in Singapore-Style Casino Push
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Louise Fernandez has visited Sri Lanka about five times in the past decade, drawn by its white sandy beaches, tea plantations and historic temples. The South Asian island is about to give her more reasons to return.
Sri Lanka’s parliament is due to approve in coming weeks a tax amnesty for the island’s first foreign casino venture, a $350 million investment backed by Australian James Packer’s Crown Ltd. The 400-room waterfront project will join a growing lineup of luxury Colombo hotels, including a $400 million beachfront Shangri-La, the Taj group’s upgraded five-star Samudra Colombo, and a John Keells Holdings Plc. gaming resort.