Sri Lanka’s opposition candidate Maithripala Sirisena to cancel JKH and Packer casino licenses

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Dec 22, 2014, Sri Lanka opposition candidate Maithripala Sirisena has declared to cancel the casino licenses given to John Keells Holdings and Australian James Packer, who is in the casino business. Government announced its approval for corporate income tax holidays and import duty concessions on materials, on Feb this year for Lake Leisure Holdings (Private) Limited (connected to Australia’s James Packer), Waterfront Properties (Private) Limited. (Connected to John Keells Holdings) and The Queensbury Leisure Limited connected to entrepreneur Dhammika Perera.

The concessions when first published ran into a controversy as all resorts are also expected to have gaming operations.

The gazette said the resorts will have rooms, shopping malls, residences, office spaces and “associated facilities”.

The revised tax concessions contained no specific references to gaming, and contained wording that appeared to exclude a corporate income tax holidays for revenue profits from gaming, other than rental income.

The manifesto has not mention about the third project by transport secretary and entrepreneur Dhammika Perera, which was also given tax breaks.

œI will not allow the two Casino li

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