Cabinet Approves Bill, Now Heads to Parliament
Sri Lanka is now taking a major step toward formalising its gaming industry. Recently, the cabinet approved a draft bill to create a national Gambling Regularisation Authority, which will now move forward to parliament for final approval.
Toward Centralised Regulation
According to a government notice published on 21 April, the new authority would serve as the sole independent regulator for all forms of gambling in Sri Lanka. This includes online gaming, offshore betting, ship-based gambling, and land-based operations.
Moreover, Minister Nalinda Jayatissa highlighted the authority’s broad scope, describing it as “the sole national regulator with a broad mandate.” Since the attorney general has already signed off on the bill, the proposal is now on track to move through parliament without major hurdles.
Rising Demand for Oversight
With Sri Lanka’s gaming market growing rapidly, regulatory clarity has become more urgent than ever. As a result, the Committee on Public Finance has consistently advocated for a dedicated authority. If passed, the regulator will oversee licensing, taxation, anti-money laundering (AML) measures, and safeguards against problem gambling.
Additionally, MP Harsha de Silva expressed concern that some online operators may be evading regulations, reinforcing the need for stricter enforcement mechanisms.
Boost from Integrated Resorts
Currently, land-based gambling is limited to one major integrated resort (IR)—City of Dreams Sri Lanka in Colombo Port City. Operated by Melco Resorts & Entertainment, Phase 1 opened in October 2024. Looking ahead, Phase 2, which features the country’s first licensed casino, is expected in Q3 2025. Notably, the government has also issued Melco a 20-year gaming license, indicating long-term plans for industry growth.
Ultimately, this bill marks a pivotal move toward a safer, more transparent, and well-regulated gambling sector in Sri Lanka.
