Wednesday, 3 July 2013

Sri Lanka leases out land for Packer-linked casino

Sri Lanka has leased some prime real estate in the capital to a local casino operator who is expected to develop a $350 million entertainment complex with Australian gambling mogul James Packer, an official said Monday.
The cabinet gave final approval last month to lease the lakefront land to a company set up by Sri Lanka's top casino operator, Rank Holdings, for 2.78 billion rupees ($22.28 million dollars), the official said.
"The land is given to the Sri Lankan company which is in partnership with the Crown group (of Packer)," the official from the investment promotion ministry told AFP on condition of anonymity.
(Source: Global Post)

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