May 15, 2013 (LBO) – Melbourne based Crown group has submitted an investment application to Sri Lanka which is pending approval, investment promotion minister Lakshman Abeywardena said. . Crown, an entertainment and gaming group has been planning a 350 million US dollar mixed development in Sri Lanka’s capital Colombo, according to reports.
Sri Lanka has also proposed changes to the country’s gaming laws. Sri Lanka already has about a dozen casinos.
Sri Lanka is targeting foreign customers mainly from the Indian subcontinent for its gaming industry. The country’s tourism industry has been growing rapidly since the end of a 30-year war.