Tag: Sri Lanka Crown casino
Sri Lanka approves Packer’s Crown resort without casino
December 18, 2013
Reuters – Sri Lanka has approved Australian Crown Resorts Ltd’s $400 million complex along with two similar projects, but without any explicit permission to operate casinos at them, the island’s junior investment minister said on Tuesday. However, Crown’s chief, gambling tycoon James Packer, would still be able to operate a casino in his mixed-development project through his local partner, the minister said. The government’s decision to alter the deal’s terms came after opposition politicians said Packer was getting concessions not given to local entrepreneurs and Buddhist leaders said the casino could be detrimental to Sri Lanka’s culture. Faizer Mustapha, the…