Sri Lanka has taken its first legislative steps toward transforming its gambling landscape with the gazetting of a draft bill to establish an independent Gambling Regulatory Authority. Spearheaded by President Anura Kumara Dissanayake, who also holds the position of Minister of Finance, Planning and Economic Development, the initiative reflects a broader government strategy to modernize regulatory oversight and improve governance within the gambling industry. According to multiple official statements, the draft bill has been cleared by the attorney general and approved by the Cabinet during its session on April 21. The proposed legislation is now set to be presented before Parliament, where it will be open to debate and possible revision before being passed into law. If enacted, the legislation will be known as the Gambling Regulatory Authority Act. New Body to Replace Outdated Gambling Laws and Strengthen Oversight At the heart of the proposal is the dissolution of three longstanding laws: the Horse Racing Betting Ordinance, the Gambling Ordinance,… Read More

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Source: Casino News Daily