Finance Committee stresses need for regulating casinos

● There is no provision to operate a casino apart from the tax paid to the Inland Revenue Department

The Committee on Public Finance has stressed the need for setting up of a casino regulatory body.

The matter was discussed at the meeting of the committee which was held at Parliamentary complex during the week end.

“The Committee discussed the regulations under the Casino Business (Regulation) Act No. 17 of 2010, where the members of the Committee were of the opinion that it would be best to consider the approval after making it more effective for the development of the country,” Parliament media unit said.

The chairman of the Committee Harsha de Silva said that no casino license is granted without a casino regulatory body in any country in the world.

Thus, the officials said that there is no provision to operate a casino apart from the tax paid to the Inland Revenue Department and as a preliminary step they have taken measures to issue licenses.

The Finance Committee also instructed the ministries of Finance and Trade to calculate and give the proper price at which an egg can be sold in consideration of the regulations under the Import and Export (Control) Act No. 1 of 1969 related to the import of poultry feed to Sri Lanka.