Denemek ALTIN - Özgür

Casinos: Economic imperatives amidst moral/social concerns

Daily FT

|

August 15, 2025

THE topic of casinos — a form of gambling — has always been a divisive issue within the Sri Lankan society. Ina country where lottery tickets are sold in every street corner, casinos remain amoral taboo. The media as well as the clergy relate casinos with vices like prostitution and drug trading. Buddhism, the main religion of the island state, views gambling negatively and recognises it as a habit which leads individuals into ruin. The Islamic faith, which too has a considerable following in the country, strictly prohibits gambling.

The resentment towards casinos is mainly driven by the middle-class Sinhalese Buddhist families who fear the prospects of their offspring patronising casinos once they become elders, which could ultimately lead their lives into devastation. In contrast, horse race betting centres that primarily attract the underprivileged and less-affluent individuals, function sans any visible public outcry

Having recognised the apprehensions of the middle class towards casinos, politicians have exercised a sense of caution in promoting the gaming industry. Whenever attempts have been made in the past to establish gaming houses with the involvement of foreign investors, politicians in the opposition have made use of the opportunity to appeal to the middle class who are averse to sparkling and flashy gaming facilities.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Daily FT

CBSL maps 2026 reform drive with focus on price stability, financial resilience and data-driven policy

Targets inflation convergence to 5% by 2H 2026 and sustaining 4-5% GDP growth Plans to review inflation target framework with stakeholder consultation Introduces benchmark intraday exchange rate to boost forex market transparency Strengthens systemic risk oversight, climate risk integration and data sharing across regulators Finalises financial sector resolution framework aligned with global best practices Pushes digital payments, cross-border linkages and payment system legal reforms

time to read

3 mins

January 09, 2026

Daily FT

Daily FT

Secondary Bond market yields drop: activity surges

Rs. 205 b Treasury Bond auction details announced Rupee appreciates

time to read

2 mins

January 09, 2026

Daily FT

Asia Corp Insurance Brokers welcomes 2026 with renewed purpose

ASIA Corp Insurance Brokers Ltd, (ACIB) has ushered in the New Year with optimism and unity under the theme'The Next Chapter Begins’, marking afresh start grounded in hope, resilience, and team spirit

time to read

1 mins

January 09, 2026

Daily FT

Daily FT

Hayleys Agriculture partners Evonik to enhance poultry nutritional standards

AGRIBUSINESS solutions provider Hayleys Agriculture Holdings Ltd.

time to read

2 mins

January 09, 2026

Daily FT

Education reforms, let's learn from Singapore

Singapore is a country with Malay, Mandarin (Chinese) and Tamil citizens.

time to read

2 mins

January 09, 2026

Daily FT

Daily FT

Salesforce launches Startup Program in Sri Lanka

Key initiative to strengthen Sri Lanka's entrepreneurial ecosystem

time to read

2 mins

January 09, 2026

Daily FT

Daily FT

Opposition to raise AG appointment delay with IMF, World Bank

THE Opposition said yesterday it intends to raise concerns with the International Monetary Fund (IMF) and the World Bank over the Government’s continued delay in appointing an Auditor General, according to MP Dayasiri Jayasekara.

time to read

1 min

January 09, 2026

Daily FT

Daily FT

Dr. Parakrama Dissanayake appointed Adviser to President on Maritime, Ports and Logistics

DR. Mahinda Parakrama Dissanayake, a distinguished maritime, logistics, and corporate leader, has been appointed Adviser to the President on Maritime, Ports and Logistics with immediate effect.

time to read

1 mins

January 09, 2026

Daily FT

Unbeaten CH brace for Havies challenge at the Park

UNBEATEN CH and FC will face their toughest challenge of the Inter-Club Rugby League 2025/26 season when they take another title contender, Havelock Sports Club at Havelock Park today, with kickoff scheduled for 3.45 p.m.

time to read

1 min

January 09, 2026

Daily FT

Daily FT

AIA Insurance Lanka partners CBC Finance to offer customers comprehensive financial protection solutions

AIA Insurance Lanka Ltd., has entered into a strategic partnership with CBC Finance Ltd., marking a significant milestone in its mission to enhance financial security and convenience for Sri Lankans.

time to read

1 mins

January 09, 2026

Listen

Translate

Share

-
+

Change font size