Sri Lanka Legalizes Gambling, Online Next?Published November 11, 2010
Is online gambling next?
With the civil strife practically over, and tourism already showing for it with increased numbers for the better part of the year, Sri Lanka is in search for new revenue streams. Gambling was an easy answer.
On Wednesday, the Sri Lanka Parliament passed a bill to legalize gambling. The bill was passed with 114 votes in support, and 33 against.
The Sri Lanka President, Mahinda Rajapakse, as Finance Minister, which is another government post he fills, is granted license to set up betting establishments in "specified areas." With local businessmen and women, and perhaps experienced gambling companies from nearby Singapore, we will possibly see casinos soon in Sri Lanka.
Deputy Finance Minister, Sarath Amunugama, said several Singaporean firms have shown interest in the project and that the Sri Lanka government has every intention to work with them.
As expected, the opposition is not sitting idle and already voicing the regular concerns that a gaming zone will draw shady elements of society. That is not necessary, if done right - and these members of the opposition can help in doing it right indeed, and preparing better for the inevitable online gambling market to enter the country.