Sri Lanka Establishes a Local Gambling Regulatory Authority

The gathering to review the initiative, led by MP Rauff Hakeem, took place on August 12th. Since the Committee had already discussed the document multiple times, the outcome of the voting session was anticipated.

Key Responsibilities and Objectives of the New Organisation

The GRA will be in charge of all gambling business formats, encompassing both casino and sportsbook projects.

Sri Lanka’s new regulatory authority will be tasked with:

• boosting the development of tourism;
• supporting the country's steady economic progress;
• establishing and enforcing rules for the proper market functioning;
• mitigating social risks and preventing harm related to RMG activities.

This legislative decision strengthens the country’s reputation as a highly prospective amusement centre for international sponsors with a strong emphasis on innovation and rapid adaptability to modern trends.

Potential of Sri Lanka’s Gambling Sphere

The initiative represents a significant political advancement for the island. Nevertheless, the authorities do not plan to implement stringent prohibitions on gambling or impose exorbitant duties. Legislators intend to adopt a balanced strategy to establish a transparent, secure, and appealing environment that is advantageous for both international partners and local stakeholders.

Among those who backed the bill were Chathuranga Abeysinghe, the state’s Deputy Minister, and the following MPs:

• Ravi Karunanayake;
• Nishantha Jayaweera;
• Lakmali Hemachandra;
• Dr Kaushalya Ariyaratne.

A considerable number of esteemed figures among the bill supporters demonstrate the government’s quite positive and amicable attitude towards gambling activities.

Gaminator’s experts diligently monitor important legislative updates and the overall situation in the most promising regions to equip entrepreneurs with valuable information needed for launching a profitable gambling business anywhere in the world.