Gambling To Be Legalised In Sri Lanka

GAMBLING TO BE LEGALISED IN SRI LANKA

10th November, 2010 at 07:01:55
Source: http://www.azonlinecasinos.com

Sri Lankan government poised to make gambling legal for licenced premises

The government of Sri Lanka is set to pass new laws that will legalise gambling this Wednesday, which is being opposed by the opposition party on the grounds that it will likely increase prostitution. Parliament is pushing through the new legislation which will allow President Mahinda Rajapakse, who is also minister of finance, to grant licences for gambling establishments.

Bookmakers and Casinos have been operating in Sri Lanka for over 20 years, using loopholes to avoid being shut down. No taxes or regulation has ever been imposed on these illegal outfits. The government wants to outlaw all gambling outlets that do not have a valid licence by 2012. Those that continue to break the law will be subjected to a fine of $45,000 and a possible five-year jail term.

The opposition believes that the link between gambling and organised crime will lead to an increase in prostitution, but the government believe it will actually reduce crime and bring in much needed taxes.

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