The Sri Lanka Gaming Licence is regulated under the Gambling Regulatory Authority Act, No. 17 of 2025, which came into operation on December 1, 2025. The Gambling Regulatory Authority (GRA) oversees all gambling activities, including digital and land-based operations, repealing prior ordinances like the Casino Business (Regulation) Act No. 17 of 2010. According to Gambling databases research team, this framework aims to consolidate regulation amid rising online gambling representing 60-70% of activity.
📊 Executive Dashboard
| Metric Category | Indicator | Details |
|---|---|---|
| Regulatory Foundation | Issuing Jurisdiction | Sri Lanka |
| Regulatory Foundation | Regulatory Body | Gambling Regulatory Authority (GRA) |
| Regulatory Foundation | Legal Framework | Gambling Regulatory Authority Act No. 17 of 2025 |
| Regulatory Foundation | Market Coverage | All gambling types except lotteries and social gambling |
| Financial Requirements | License Costs | Not yet specified in regulations (Minister sets minimum capital) |
| Financial Requirements | Annual Fees | To be prescribed; prior casino fees ~LKR 500M for 5 years |
| Financial Requirements | Capital Requirements | Minimum capital specified by Minister via Gazette |
| Compliance Standards | AML Requirements | Compliance with Prevention of Money Laundering Act No. 5 of 2006 |
| Compliance Standards | KYC Procedures | Fitness and propriety checks on directors, shareholders |
| Compliance Standards | Data Protection | Personal Data Protection Act No. 9 of 2022 for software |
| Technical Specifications | Software Certification | Required for gambling software; third-party audits |
| Technical Specifications | RNG Testing | Not explicitly detailed; fairness ensured via rules approval |
| Operational Parameters | Game Types | Authorized by Minister; includes digital gambling |
| Legal Framework | Background Checks | On directors, senior managers, beneficial owners |
| Market Access | Geographic Scope | Sri Lanka; ships in territorial waters/high seas permitted |
| Innovation Support | Cryptocurrency | Not mentioned; foreign exchange compliance required |
📋 Regulatory Framework and Legal Foundation
Jurisdictional Authority, Legal Framework, and International Recognition
The GRA operates within Sri Lanka’s regulatory environment, established by the Gambling Regulatory Authority Act No. 17 of 2025, gazetted for operation from December 1, 2025. This Act repeals outdated laws including the Betting on Horse-Racing Ordinance, Gaming Ordinance, and Casino Business Act, creating a unified body corporate with perpetual succession.
The GRA’s objects include regulating gambling, ensuring revenue collection, transparency, and minimizing social harm while promoting tourism and economic development.
Sri Lanka’s political stability supports the GRA’s launch, targeted fully operational by June 30, 2026, amid FATF reviews on AML compliance. The Board comprises ex-officio members from Finance Ministry, Inland Revenue, Financial Intelligence Unit, and Police, plus three appointed experts in economics, law, or ICT.
GRA governance emphasizes integrity, with disqualifications for members involved in gambling or with conflicts. International recognition is nascent, focusing domestic control but coordinating with police on fraud and aligning with global AML standards via referenced Acts.
Market coverage spans all gambling except lotteries by Development/National Lotteries Boards and social gambling. Geographic reach includes land-based premises, digital platforms, and ships in territorial waters or high seas if licensed.
Cross-border operations require company registration under Companies Act No. 7 of 2007, even for foreign entities. No explicit international treaties noted, but compliance with Foreign Exchange Act No. 12 of 2017 governs transactions.
| Contact Type | Details |
|---|---|
| Physical Address | Not publicly listed on official sources |
| Official Website | Not yet launched (expected post-June 2026) |
License Application Process, Qualification Criteria, and Timeline Management
Applications must be companies under Companies Act No. 7 of 2007 with Minister-specified minimum capital. Submit form to Director-General with complete particulars and fee; false info leads to rejection.
Director-General assesses fitness/propriety of directors, senior managers, shareholders, key personnel, beneficial owners. Unfit individuals result in rejection or conditional license barring them.
Operators must ensure all application information is accurate, as misleading submissions trigger immediate rejection without refund.
No detailed phase-by-phase timeline published; full operations expected June 2026. Documentation includes business details, financials implied via capital proof.
Background checks cover criminal, financial history via fitness tests. Financial standards require minimum capital evidence; no specific guarantee amounts yet.
Business plans not explicitly required but rules of gambling, stakes list must be submitted post-license for approval. Evaluation criteria focus on compliance, public impact.
Technical docs needed for digital/gambling software: specs, third-party audits, data protection. Application fees prescribed by regulations, not yet detailed.
Corporate Structure Requirements, Legal Entity Formation, and Operational Presence
Applicants must incorporate/register under Companies Act No. 7 of 2007, applicable to foreign branches. Minimum share capital set by Minister via Gazette Order.
No specific local director or shareholder limits detailed; transparency via beneficial owner checks. Physical premises registration mandatory post-license.
Maintain corporate good standing with detailed fitness assessments on all key personnel to avoid application pitfalls.
No explicit local representative mandate, but premises registration requires suitability proof. Governance standards implied via Board oversight.
| Requirement Category | Specific Requirements | Details/Notes |
|---|---|---|
| Company Structure | Incorporated under Companies Act No. 7 of 2007 | Includes foreign entities registered as branches |
| Minimum Share Capital | Specified by Minister | Via Gazette Order; amount TBD |
| Shareholder Requirements | Fitness and propriety checks | Beneficial owners included |
| Director Requirements | Fitness checks | Senior managers, key personnel |
| Physical Presence | Premises registration | Mandatory for operations |
| Background Checks | Directors, shareholders, owners | Fitness/propriety assessment |
| Financial Guarantees | Not specified | Implied via capital requirements |
| Business Plan | Not explicitly required | Gambling rules submission post-license |
| Source of Funds | Compliance with financial laws | AML checks |
Compliance Framework, Reporting Obligations, and Ongoing Oversight
AML policy aligns with Prevention of Money Laundering Act No. 5 of 2006; GRA issues guidelines. KYC via customer due diligence implied in licensee responsibilities.
Enhanced due diligence for risks via FIU coordination. Data protection per Personal Data Protection Act No. 9 of 2022 for software.
Carrying on gambling without license is prohibited, subjecting operators to suspension or cancellation.
Reporting: furnish info/documents on demand; no fixed frequency detailed. Financial reporting ties to Inland Revenue Act No. 24 of 2017.
Audits: Authority inspections, searches of premises/portals. Suspicious activity reporting per Financial Transactions Reporting Act No. 6 of 2006.
💰 Financial Structure and Operational Requirements
Financial Obligations, Cost Structure, and Taxation Framework
License fees prescribed by regulations, not yet published; prior casino licenses LKR 500M (~USD 1.55M) for 5 years. Renewal requires application 30 days prior, no violations.
Validity/duration specified in license; no amortization details. Taxes under Betting and Gaming Levy Act No. 40 of 1988, Inland Revenue Act.
Data compiled by Gambling databases indicates prior fees provide benchmark, but GRA regulations will define new structure.
Non-compliance with tax laws like Inland Revenue Act leads to license refusal or revocation.
No specific VAT exemptions noted. Guarantees not detailed; liquidity via minimum capital. Prior renewals high as LKR 10B.
Technical Infrastructure, Security Standards, and Certification Requirements
Gambling software requires license with specs, third-party compliance certifications. RNG not explicit; algorithms must be transparent, audited.
Security: data safeguards against manipulation; Personal Data Protection Act compliance. No server location mandates specified.
Disaster recovery implied in operations; cybersecurity via prevention of unauthorized access.
Game Regulations, Product Compliance, and Payment Integration
Permitted types authorized by Minister Order; digital gambling requires specific license. Prohibited: unauthorized types, irresponsible products.
GRA approves rules, gambling list, max stakes. RTP not specified; fairness via approval process.
Online platforms currently in legal grey area, comprising 60-70% activity without regulation.
Payments via cash desk, debit/credit cards; comply with Financial Transactions Reporting, Foreign Exchange Acts. Player funds segregation not explicit.
🌍 Market Operations and Strategic Advantages
Market Access, Commercial Opportunities, and Partnership Models
Geographic: Sri Lanka-focused; ships permitted. No white-label/B2B details; junket operators licensed separately.
Affiliates not regulated specifically. Cross-jurisdiction via registered foreign companies.
Player Protection, Responsible Gaming, and Marketing Compliance
Responsible gambling per Act objects: minimize harm, self-exclusion tools in software. Age verification implied for legal age.
Software must include self-limits, addiction warnings, self-exclusion integration.
Complaints via appeals to Secretary/Court of Appeal. Advertising not detailed.
Technology Integration, Innovation Support, and Operational Infrastructure
Digital gambling licensed; software standards support AI/ML if compliant. Esports/virtual not specified.
Post-licensing: rating system published online.
Market Statistics, Performance Metrics, and Regulatory Trends
No approval rates yet; GRA new. Market growth: online 60-70%; 6 land-based casinos pre-GRA. Enforcement via fines, suspensions, revocations.
🔄 How to Apply for Sri Lanka Gaming Licence – Complete Application Process
The application process targets companies under Companies Act No. 7 of 2007, emphasizing fitness checks amid GRA’s June 2026 full launch. Timeline estimated 9-15 months once regulations issue; complexity high due to emerging framework. Professional legal advisors essential for compliance.
Pre-Application Preparation and Corporate Setup
Initial phase: assess eligibility via company incorporation, minimum capital proof, financial capacity review (4-6 weeks). Engage advisors for AML readiness.
Second phase: appoint fit directors/shareholders, establish local presence if needed, draft governance docs (6-8 weeks).
Is your team free of moral turpitude convictions? Fitness is key criterion.
Third phase: open bank account, deposit capital, secure proof of funds compliant with financial laws (3-4 weeks).
Technical Infrastructure and Documentation
Fourth phase: certify software/RNG via third-party, implement security, integrate payments (8-12 weeks).
Fifth phase: compile docs including business ops, AML/KYC policies, background checks (4-6 weeks).
Application Submission and Review
Sixth phase: submit form to Director-General with fee, track via communication (1-2 weeks).
Seventh phase: regulatory due diligence, respond to requests, inspections (8-16 weeks).
Eighth phase: post-approval, register premises, activate compliance (3-4 weeks).
Total timeline 9-15 months; costs include fees, capital. Guidance from lawyers critical given nascent regs.
⚖️ How to Maintain Compliance with Sri Lanka Gaming Licence Requirements
Ongoing compliance prevents suspension/cancellation, with GRA oversight continuous. Lapses risk revocation, fines; responsibilities include reporting, audits. Continuous due to inspections, rating system.
Compliance Management and AML/KYC Operations
Appoint compliance officer, set quarterly calendar, deploy monitoring tools, document policies. Implement KYC verification, ongoing due diligence, enhanced for high-risk.
Failure to notify corporate control changes within one month triggers scrutiny.
Monitor suspicious activity, keep records 5+ years, train staff annually (continuous/monthly).
Financial, Technical, and Gaming Compliance
Segregate funds if required, renew guarantees, file monthly/quarterly reports, pay taxes, annual audits.
Update software/RNG annually, conduct security audits, maintain GDPR-like data protection, infrastructure redundancy.
Player Protection and Regulatory Reporting
Enforce self-exclusion, deposit/loss limits, reality checks, handle complaints timely.
Pre-approve ads/bonuses, monitor social media; submit monthly reports, annual audits, incident notifications, renew timely.
Commitment via audits, consultants vital; non-compliance leads to operations halt, criminal probes.
❓ Frequently Asked Questions
What is Sri Lanka Gaming Licence and which regulatory authority issues it?
The Sri Lanka Gaming Licence authorizes gambling operations under the Gambling Regulatory Authority Act No. 17 of 2025. Issued by the GRA’s Director-General to compliant companies.
GRA established as body corporate, managing licensing for all types except lotteries. Act effective December 1, 2025, full ops by June 2026.
What are the primary benefits of obtaining Sri Lanka Gaming Licence for gambling operators?
Benefits include legal operation in growing market with 60-70% online activity. Promotes tourism, economic development per Act objects.
Unified framework replaces outdated laws, ensures transparency, revenue protection. Access to ships, digital gambling.
What are the initial costs and ongoing fees associated with Sri Lanka Gaming Licence?
Initial fees prescribed, not detailed; prior casino ~LKR 500M/5 years. Minimum capital by Minister.
Ongoing: renewal fees, taxes under Levy Act; no specifics yet.
What are the main application requirements and qualification criteria?
Company under Companies Act, minimum capital, fit directors/shareholders. Accurate form, fee submission.
Fitness/propriety assessment critical; premises registration post-license.
Which types of gambling activities are permitted under Sri Lanka Gaming Licence?
Minister-authorized types including digital, casinos, betting. Software, junkets licensed separately.
Prohibits unauthorized, irresponsible products.
What geographic markets can be accessed with Sri Lanka Gaming Licence?
Primarily Sri Lanka; ships in territorial waters/high seas. Foreign companies register locally.
What are the key compliance obligations for Sri Lanka Gaming Licence holders?
AML/KYC per referenced Acts, display license/rules, report changes. Premises registration, rules approval.
Ongoing inspections, no transfers without consent.
How does Sri Lanka Gaming Licence compare to other major gambling licenses?
Nascent vs established like Malta; focuses domestic/online unification. Lower recognition, but tourism-oriented.
What are the tax implications for operators holding Sri Lanka Gaming Licence?
Betting/Gaming Levy Act, Inland Revenue Act apply. GRA collects revenue.
What technical and infrastructure requirements must be met?
Software license with audits, data protection. Premises suitability.
How long does the application process take for Sri Lanka Gaming Licence?
Estimated 9-15 months; review includes due diligence, no fixed timeline yet.
What are the penalties for non-compliance with Sri Lanka Gaming Licence requirements?
Suspension/cancellation, fines, criminal charges under Act/related laws.
Can Sri Lanka Gaming Licence be transferred to another company or entity?
No, unless conditioned and Director-General/Board approves in writing.
What ongoing reporting and audit requirements apply to Sri Lanka Gaming Licence holders?
Furnish info on demand; tie to tax/AML Acts. Authority audits/inspections.
How does Sri Lanka Gaming Licence address responsible gambling and player protection?
Act mandates harm minimization; software requires limits, warnings, self-exclusion.
What post-licensing support is available from the regulatory authority?
Guidelines, rating system, official website with details.
What are the special investment incentives for operators?
Tourism/economic promotion; no specific tax relief noted.
What is the current approval rate for license applications?
Not applicable; GRA pre-operational.
What are the latest regulatory changes affecting operators?
Act implementation Dec 2025; full GRA June 2026, unifying regs.
📞 Sources
Official Regulatory Sources
- Gambling Regulatory Authority Act Bill PDF
- Ministry of Finance Casino Regulations
- GRA Act Analysis
- Government Portal
- Treasury Department
Industry Legal Analysis
Compliance and Technical Standards
- Casino Regulation Act PDF
- Inland Revenue Compliance
- Central Bank Foreign Exchange
- Financial Intelligence Unit AML
- Registrar General Companies
Market Intelligence and Industry Reports
- Asia Gaming Brief Market Fees
- Intergame Reports
- Mundovideo Market Surge
- LinkedIn Industry Pulse
- iGaming Today Framework
🎰Gambling Databases Rating: Sri Lanka Gaming Licence
| Evaluation Dimension | Score | Rating |
|---|---|---|
| Operator Viability Score | 2.1/10 | ⛔ Prohibitive 0-2 |
| Regulatory Quality Score | 2.4/10 | ⛔ Prohibitive 0-2 |
| Overall GDR Rating | 2.2/10 | ⛔ Prohibitive – Emerging regulator with massive uncertainties, unclear costs, and no operational track record makes this high-risk for any operator |
| International Recognition | ⭐ Limited Tier – No global acceptance | |
This rating is calculated using the Gambling Databases Rating (GDR) methodology, which provides transparent criteria for evaluating gambling licenses for the iGaming industry. Click the link to learn how we calculate Operator Viability Score, Regulatory Quality Score, and International Recognition ratings.
⚠️CRITICAL LIMITATIONS & RISKS
READ THIS BEFORE PURSUING THIS LICENSE:
- Unclear total initial costs exceed prior casino benchmarks of ~€1.55M (LKR 500M) with unspecified minimum capital, fees, and guarantees
- Application process estimated 9-15 months with no published regulations, arbitrary fitness criteria, and no track record
- Premises registration mandatory; operational burdens unclear but imply local infrastructure for land-based/digital ops
- Limited to Sri Lanka market (21M population) with grey-area online segment; no global access
- Nascent GRA (Dec 2025 ops, full June 2026) with discretionary Minister powers, no precedents or enforcement history
- Tax burden unclear under Levy/Inland Revenue Acts; potential high revenue focus in developing economy
📊Operator Viability Score Breakdown
| Criterion | Weight | Score | Justification (INCLUDING ALL DEDUCTIONS) |
|---|---|---|---|
| Financial Accessibility | 25% | 0.2/2.5 | Prior casino fees LKR 500M (~€1.55M) >€1M (0 base). Renewal implied high (prior LKR 10B, -0.3). Min capital unspecified but Minister-set (-0.5 assumed high). Currency controls via Foreign Exchange Act (-0.3). Higher than peers like Anjouan (-0.5). Hidden audit/inspection fees likely (-0.2). Final: 0.2/2.5 |
| Application Process Efficiency | 20% | 0.3/2.0 | Estimated 9-15 months (12-18m range +0.5). Unclear/undocumented reqs (“prescribed,” not published, -0.5). Arbitrary fitness/propriety criteria (-0.5). No English guidance/track record (-0.3). Rejection for false info predictable (-0.5 est). Final: 0.3/2.0 |
| Operational Requirements | 20% | 0.8/2.0 | Premises registration req (+1.0 base for sig infrastructure). Local presence implied for premises (-0.3 est directors/staff). Software local cert/audits (-0.3). Payment local compliance (-0.3). Final: 0.8/2.0 |
| Market Access & Commercial Value | 20% | 0.5/2.0 | Single-country Sri Lanka (+0.5). No B2B/white-label details (-0.3). Geo-restricted (-0.3). Poor rep limits partnerships (-0.5). No global recognition. Final: 0.5/2.0 |
| Tax Structure & Profitability | 15% | 0.3/1.5 | Unclear GGR tax under Levy Act (assume 25-35% +0.8). Multiple layers (Inland Revenue +levy, -0.3). Complex/unclear calc (-0.3). Revenue-focused GRA. Final: 0.3/1.5 |
⚖️Regulatory Quality Score Breakdown
| Criterion | Weight | Score | Justification (INCLUDING ALL DEDUCTIONS) |
|---|---|---|---|
| Regulatory Framework Clarity | 30% | 0.5/3.0 | Incomplete/unclear (“prescribed by regs,” not published +0.5). Lack guidance/precedents (-0.3). Discretionary Minister/Director powers (-0.5). No English full docs (-0.5). Nascent framework. Final: 0.5/3.0 |
| Compliance Standards & Obligations | 25% | 0.7/2.5 | Moderate but unclear (+1.0). AML beyond std via FIU (-0.3). Unclear reporting/audit freq (-0.5). Data protection req (+PDPA). Final: 0.7/2.5 |
| Regulatory Authority Reputation | 20% | 0.4/2.0 | No track record (+0.5). Poor comm/responsiveness (no site/contacts, -0.3). Potential political interference (ex-officio members, -0.5). Unproven integrity. Final: 0.4/2.0 |
| Enforcement & Dispute Resolution | 15% | 0.5/1.5 | Appeals to Secretary/Court (+0.5). Unclear penalties/process (-0.3). No precedents (-0.3). Revenue bias. Final: 0.5/1.5 |
| Political & Economic Stability | 10% | 0.3/1.0 | Moderate instability post-crisis (+0.4). Economic concerns/currency issues (-0.3). FATF AML scrutiny. Final: 0.3/1.0 |
🌍International Recognition Analysis
Industry Reputation: ⭐
Recognition Tier: Questionable Tier
Payment Provider Acceptance: Likely refused by major processors due to no track record and developing economy risks
B2B Partnership Appeal: Very low; unknown license deters platforms and affiliates
Regulatory Cooperation: None established; nascent authority with no MoUs
Industry Perception: Viewed as high-risk emerging market with regulatory uncertainty
License-Specific Reputation Factors:
- Historical Performance: None; GRA pre-operational June 2026
- Operator Track Record: Prior 6 casinos under old regime; online grey area
- Enforcement History: No precedents; potential harsh given revenue focus
- Media Coverage: Focus on online surge/tax evasion concerns
- Peer Jurisdiction View: Unlikely cooperation from established regulators
Known Restrictions or Concerns:
- Payment providers likely decline due to AML scrutiny, currency controls
- Global regulators ignore as non-standard
- 60-70% online unregulated; sudden clampdown risk
- No official site/contacts signals poor transparency
🔍Key Highlights
✅Strengths
- Unifies fragmented laws into single GRA framework
- Includes digital/ship gambling for tourism growth
- AML alignment with FATF-related Acts
⚠️Weaknesses
- No published fees/capital/timelines; reliance on future Gazettes
- 9-15 month est process with arbitrary fitness tests
- Domestic-only access (Sri Lanka 21M pop)
- No GRA website/contacts; communication void
🚨CRITICAL ISSUES
- Cost Concerns: Prior €1.55M fees + unspecified capital/guarantees; prohibitively high vs market size
- Timeline Problems: 9-15 months min; capital tied up with no approval guarantee
- Operational Burdens: Premises req, software audits; unclear local staffing
- Market Limitations: Sri Lanka-only; no international value
- Regulatory Risks: Discretionary powers, no precedents; arbitrary rejection/revocation
- Reputation Concerns: Zero global recognition; payment/B2B barriers
💰Total Cost of Ownership Analysis
Initial Costs (Year 1):
Application Fee: Unspecified/prescribed
License Fee: Prior LKR 500M (~€1.55M benchmark)
Capital Requirement: Minister-specified (est high)
Financial Guarantees: Unspecified
Legal & Consulting: €100K+ for local experts/navigating uncertainty
Operational Setup: Premises/software cert €200K+
Year 1 Total: €2M+ est
Ongoing Costs (Annual):
License Renewal: Prior LKR 10B benchmark (high)
Compliance Costs: Audits/AML €50K+
Operational Costs: Premises/staff €150K+
Tax Burden: Unclear; est 30%+ on €10M GGR = €3M
Annual Total: €500K+ excl tax
5-Year Total Cost of Ownership:
Total Investment Over 5 Years: €8M+ (Year 1 €2M + Annual €1.5M x4)
Profitability Assessment: Prohibitively expensive for Sri Lanka market scale; viable only for casino/tourism giants with €20M+ local GGR
📋Final Verdict
Sri Lanka Gaming Licence receives an Operator Viability Score of 2.1/10 and a Regulatory Quality Score of 2.4/10, resulting in an Overall GDR Rating of 2.2/10. The license has an International Recognition rating of ⭐.
HONEST ASSESSMENT: This nascent license offers no viable path for most operators due to unspecified costs benchmarking €1.55M+, 9-15 month timelines, and domestic-only access in a 21M population market. Regulatory framework remains incomplete with discretionary powers and zero track record, exposing applicants to arbitrary rejection and enforcement risks. Avoid unless deeply committed to Sri Lanka tourism/casino ops with massive capital tolerance.
✅Recommended For /❌Not Recommended For
✅RECOMMENDED FOR:
Operators Should Consider If:
- Land-based casino giant targeting Sri Lanka tourism (€50M+ revenue)
- Existing local presence seeking formalization
- Can invest €2M+ upfront and wait 15 months
- Sri Lanka market strategically irreplaceable
❌NOT RECOMMENDED FOR:
Operators Should Avoid If:
- Startup/small-mid operator (<€5M capital)
- Need quick entry (<12 months)
- Remote/digital focus without local ops
- Seek global/B2B recognition
- Risk-averse to regulatory uncertainty
- Online-only (grey area pre-regulation)
⚖️BOTTOM LINE:
Poor value with massive uncertainties, high est costs, and zero international recognition; suitable only for ultra-well-capitalized local casino players tolerant of total regulatory opacity.
I’m curious about the Sri Lanka Gaming Licence’s impact on VIP programs. With the new regulations, do you think operators will adjust their loyalty schemes to comply?
Regarding the impact on VIP programs, the new regulations aim to ensure fairness and transparency. Operators may need to adjust their loyalty schemes to comply, but this could also lead to more player protection and responsible gambling practices.
That’s really helpful, thanks! Do you think the new regulations will lead to more operators offering VIP programs, or will it be more of a challenge for them?
It’s likely that the new regulations will lead to more operators offering VIP programs, but with a focus on responsible gambling practices. This could be a challenge for some operators, but it’s also an opportunity for them to innovate and provide better services to their players.
Just got back from Sri Lanka and saw some casinos. They seem to be pretty strict about ID checks and stuff. Anyone know how this new law affects tourists who want to gamble?
I’ve been tracking the Sri Lankan market, and I think the new regulations will lead to more transparency. But what about the licensing costs? Not yet specified in regulations, which is a bit concerning.
The licensing costs are indeed not yet specified in regulations, which can be concerning for operators. However, the Gambling Regulatory Authority (GRA) has stated that they will provide more information on the licensing process and costs in the near future. I’ll make sure to keep an eye on this and provide updates as more information becomes available.
The technical specifications for software certification are interesting. Required for gambling software, with third-party audits. This could lead to more trustworthy games, but what about the cost implications for operators?
The Gambling Regulatory Authority Act No. 17 of 2025 is a game-changer. I’ve been studying the market coverage – all gambling types except lotteries and social gambling. Does anyone know how this will affect our business operations?
The Gambling Regulatory Authority Act No. 17 of 2025 indeed covers all gambling types except lotteries and social gambling. This means that operators will need to ensure they are compliant with the new regulations, which may involve changes to their business operations. I’d be happy to provide more information on how this might affect your business.