Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Friday, 5 June 2015
Casino Ban Fails to Deter Developer’s Postwar Sri Lanka Plan
A ban on casinos by Sri Lanka’s new government isn’t stopping the nation’s biggest conglomerate from pressing ahead with a $850 million development project as the island rebuilds from a 30-year civil war.
Lenders are fully committed to John Keells Holdings Plc.’s Waterfront Properties mixed development project in Colombo though the absence of a casino may take some sheen off it and dent revenue, Chairman Susantha Ratnayake said in an interview.