This month marked a watershed moment for Sri Lanka as it formally launched its new Gaming Regulatory Authority. This is a move aimed at improving transparency and strengthening investor confidence. Specifically, the authority was established under the Gambling Regulatory Authority Act No. 17 of 2025. Parliament passed this act in late August, and it was certified by Speaker Jagath Wickramaratne in early September.
Importantly, the new legislation replaces previous laws, including the Betting on Horse Racing Ordinance, the 2010 Casino Business Act, and the Gaming Ordinance. Consequently, existing operators must transition into full compliance under the new regulator.
The bill passed unanimously in Parliament after receiving approval from the Parliamentary Committee on Public Finance. Lawmakers have emphasized that the authority aims to standardize the sector and strengthen compliance. This includes anti-money laundering measures. The authority will also mitigate potential social harm, while supporting tourism and economic growth.
Notably, the timing of the authority’s establishment follows the August opening of Melco’s City of Dreams Sri Lanka. It is a $1.2 billion integrated resort and the nation’s largest private investment to date. Accordingly, industry experts stress that Sri Lanka’s ambition to position itself as “India’s Macau” depends on consistent regulation and effective governance. This makes the new authority a foundational element for future development.
