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Thursday, May 23, 2019
Banner Top
  1. PricePerPlayer.com Sports Betting Software Review
  2. Raptors vs. Bucks Betting Pick – NBA Playoffs Prediction
  3. Kangwon Land Casino Profits are Up for its First Quarter
  4. South Korean Resort by Mohegan Pushes Through
  5. White Sox vs. Indians Betting Pick – MLB Betting Prediction
  6. Jeju United hires Choi Yun-kyum as the New Head Coach
  7. Integrity Fees in US Sports Betting
  8. The Beginner’s Guide to Betting on Baseball
  9. Kang Seung-ho receives 1 year suspension for covering DUI
  10. Nuggets vs Spurs Betting Pick- NBA Playoffs Prediction
  11. WagerWeb.eu Sportsbook Review
  12. Online Gambling Problems in Gujarat
  13. 2019 NBA Play Off Rankings
  14. Ulsan Hyundai Maintains Streak
  15. LoL LCK 2019 Spring Playoffs – Kingzone DragonX defeats DAMWON Gaming
  16. Minor Leagues to Be Promoted
  17. Korean Baseball Players start in the MLB opening season
  18. KBO Season Opening Day Sold Out
  19. Southeast Asia Casino Industry is seeing a Revenue Growth
  20. Veteran Basketball Player Retires
  21. SportsBettingSolutionAsia.com Sports Betting Software Review
  22. Football Betting Tips
  23. Japan wants Gambling Venues to use Facial Recognition Software
  24. Sri Lanka Adapts Changes in Gambling Industry
  25. The eLions are to be England’s first eSports National Team
  26. 2019 FIBA Men’s Basketball World Cup Qualifiers
  27. Macau Revenue From Gaming Tax Up for 2018
  28. AcePerHead.com Sports Betting Software Review
  29. How to Bet on Volleyball
  30. Heritage Sports Sportsbook Review
  31. Osaka Predicts Potential IR Will Get 25M Visitors
  32. Ladbrokes’ New Policies Creates Conflict of Interest with Stopping Problem Gambling
  33. Super Bowl Betting Secret
  34. Super Bowl Betting Guide
  35. South Korea loses to Qatar in 2019 Asian Cup
  36. Bwager Sports Betting Software Review
  37. South Korea to Ban Sex Offenders from Sports for Life
  38. South Korea at the forefront of the e-sports industry
  39. Macau Legend to Build Integrated Resort in Cambodia
  40. Betting on Basketball
  41. KIBET Sportsbook Review
  42. Jeonbuk Hyundai Motors have the highest payroll in the K-League
  43. WSOP.com Poker Review
  44. Will Dustin Nippert Stay in the KBO?
  45. Playtech Sports Betting Software Review
  46. Aaron Haynes leads SK Knights to Win
  47. Sports Betting Tutorial – Where to Bet Sports Online
  48. Wakayama Pro-Gambling Governor Stays in Post
  49. Vietnam to Develop Horse Racing Facility
  50. BetPhoenix.ag Sportsbook Review
  51. 2018 K League MVP Award Voting Update
  52. Corruption in China Lottery
  53. National South Korean Baseball Team Manager Resigns Controversy
  54. Poker Guide – Hand Types
  55. Korean Football Association to Support Community Service for Military-Exempt Players
  56. Nexen Heroes Eyes Spot in Korean Series
  57. Hanwha Eagles Stays in Postseason
  58. South Korea Qualifies for 2019 FIFA U-20 World Cup
  59. Beginners Guide to Football Betting
  60. Guide to Playing Craps
  61. Nexen Heroes Win the Wildcard Game
  62. US Elections in November And Online Poker
  63. New Mexico Casino is to offer Sports Betting Services from USBookmaking
  64. Counter-Strike: Global Offensive Review
  65. South Korean Golf Team Win the UL International Crown
  66. Paradise Co Casino Revenue is Up this September
  67. Doosan Bears Secure the Best Regular Season Record
  68. Fortnite’s $10 million Fall Tournament Kicks Off!
  69. Sports Betting Can Increase NFL Revenue Up To $2.3 Billion
Sri Lanka Adapts Changes in Gambling Industry

Gambling in Asia is gaining as much popularity as it has in other parts of the world. The Korean Sports betting industry, for one, is increasingly growing every year. And as the industry grows popular, governments across Asia want to regulate the industry, and gain revenue from taxes that will be used for community projects and to fund the state coffers. This is also the case with the rapid legalization of sports betting across the world.

In the case of Sri Lanka, their government has recently announced several changes to increase revenue collection. However, these measures are being faced with complaints, as the effect of these measures could be detrimental to the operators.

Sri Lanka Gambling Laws

In the latest gambling news, operators of casinos will now have to pay a hefty annual license fee of $2.2 million, which is twice the current rate of $1.1 million. Not only that, but operators are to pay 15% in taxes on the turnover. But starting April 1, these taxes will now be assessed on operations.

Casinos will now also have to require patrons to pay an entrance fee. The fee of $50 per head to enter their premises. The government argues that a similar fee exists in Singapore. But local operators think this will be bad for their local patrons. Currently, Singapore charges an entrance fee of $100 for 24 hours, or an annual fee of around $1,475.

Analysts foresee that these new measures will affect the local industry negatively, as these measures could serve as a deterrent for people to visit their premises, and opt for other gambling options instead. This may also affect the potential of the country to attract international investors and operators.

Either way, the numbers will speak for itself. Once the new measures are in place, the government will be able to track the numbers to see the effectivity of their policies.

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