Tag: Packer Australia casino Sri Lanka
Australia’s Packer confirms Sri Lanka casino plans
October 20, 2013
France 24 – Australian tycoon James Packer on Friday said he plans to pump Aus$400 million (US$384 million) into a five-star gambling resort in Sri Lanka, cashing in on the country’s tourism potential. The billionaire, who operates casinos in Melbourne, Perth and Macau and is planning a complex in Manila, said the project on the banks of Beira Lake in Colombo would create 2,500 jobs. Sri Lanka is banking on high-end casinos to attract high-rollers and boost tourist arrivals to 2.5 million by 2016 from the current level of about a million tourists a year. Packer said he was in…