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Advocata Institute welcomes Gambling Bill approval
Daily FT
|May 08, 2025
Urges Govt. for wider public consultation
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THE Advocata Institute has welcomed the Sri Lankan Cabinet's overwhelming approval of the Gambling Regulatory Bill. This decisive move marks a significant step towards establishing a transparent, efficient, and accountable framework for the gaming industry.
It also said a robust regulatory regime is essential to improving investor confidence, enhancing market integrity, addressing long-standing regulatory gaps, and reducing revenue leakages—ultimately contributing to sustainable economic growth.
The Advocata Institute has long highlighted the urgent need for a robust regulatory framework to oversee both the casino and broader gaming sectors, as outlined in its 2024 report "A Comprehensive Policy Framework for the Gaming Industry of Sri Lanka (2024)." The absence of such a framework has historically undermined the industry's potential by deterring reputable foreign investors and compromising revenue integrity.
A well-structured regulatory regime is a critical step towards promoting tourism and driving foreign exchange growth.
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