John Keells Holdings PLC, Sri Lanka’s largest listed company and hotel operator, said its planned $820 million integrated resort project on Beira Lake in Colombo would include 150,000 square feet of gaming and entertainment facilities. The company provided few other hints about the gaming elements of the resort beyond comparing the project to ones in Macau, Singapore and the Philippines and saying the concept “appealed to many regional and western tourists” in a circular to shareholders seeking their approval for the development. It also noted “the growing demand for entertainment/gaming and retail from the Middle East, India and East Asia.”
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Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.