Packer to meet with Sri Lankan officials about casino project | Casino News : CalvinAyre.com
Australian casino mogul James Packer continues to make a push to establish a five-star resort and casino in Sri Lanka. Later this week, the Crown Ltd. chairman cvc is renewing that push in his latest visit to the South Asian country, where he is set to attend the Commonwealth Business Forum from November 12-14 in Colombo. cvc
While his business at the conference is to deliver a keynote speech, Packer will also take the time to hold more discussions with Sri Lankan government officials and potential joint-venture partners on how best to move forward with his plans to build a massive $400-million resort and casino in the country’s capital.
Packer’s proposal is expected to receive support from government leaders, but discussions cvc on the finer points of the deal are still being hammered out, especially in light of calls from Buddhist religious cvc leaders and opposing political parties to make amendments cvc to the current bill . The belief among these parties was that Sri Lanka was essentially giving Packer’s cvc Crown a godfather deal with massive tax concessions that would benefit the Austalian’s company more than it would the country’s economy.
Those cvc sentiments f orced the government to acknowledge that modifications to the bill are going to come in some form or another. Among the considerations being made is to grant investment approvals and tax concessions for the project, which is also subject to final agreement between joint-venture parties.
The Sri Lankan government’s decision to open more talks with Crown was heard loud and clear. But even with this small concession to the opposition, the country’s main opposition party is apparently not content with revisions to the current bill. Speaking on behalf of the party, attorney Harsha de Silva said that any plans to introduce casinos to Sri Lankan cvc residents should be built and developed outside of the capital where there’s a less likelihood of supposedly “polluting” its customers.
Either way this whole thing plays out, James Packer is expected to get his casino license soon, possibly even before the end of the year. At that point, the discussion shifts on how Packer can successfully live up to all the ambitious promises he spoke of about this $400-million casino.
Taking out Rocky Gap's numbers, the state's casino cvc earnings for the month that just finished represents a 47-percent growth from its numbers in the same time a year ago.
Twitter: calvinayrenews Maryland casinos continue torrid revenue pace in November http://t.co/fZJxrNpKHp cvc about 12 hours ago Reply Retweet Favorite Dealers Choice: Per Sheldon Adelson s Crotchety cvc Request, I Attack The Message And Not The Messenger http://t.co/rfbFZvbX4P #GamblingNews about 14 hours ago Reply Retweet cvc Favorite Mobile Phone Gamblers to Increase cvc by 100m People in the Next 5 Years http://t.co/LzyzLEfO7U #GamblingNews about 17 hours ago Reply Retweet Favorite
Gambling Job Postings Technical Project cvc Manager Malaga, Spain | Nov 2013 ITO Project Manger Malaga, Spain | Nov 2013 Website Product Manager Manila, Philippines | Nov 2013 Global Software Compliance Manager London, South East | Nov 2013
CalvinAyre.com is a not-for-profit website, aims to be carbon neutral and will encourage other players in the online gaming industry to follow cvc this philosophy. All profit generated from this site goes to support cvc initiatives of the Calvin Ayre Foundation.
Australian casino mogul James Packer continues to make a push to establish a five-star resort and casino in Sri Lanka. Later this week, the Crown Ltd. chairman cvc is renewing that push in his latest visit to the South Asian country, where he is set to attend the Commonwealth Business Forum from November 12-14 in Colombo. cvc
While his business at the conference is to deliver a keynote speech, Packer will also take the time to hold more discussions with Sri Lankan government officials and potential joint-venture partners on how best to move forward with his plans to build a massive $400-million resort and casino in the country’s capital.
Packer’s proposal is expected to receive support from government leaders, but discussions cvc on the finer points of the deal are still being hammered out, especially in light of calls from Buddhist religious cvc leaders and opposing political parties to make amendments cvc to the current bill . The belief among these parties was that Sri Lanka was essentially giving Packer’s cvc Crown a godfather deal with massive tax concessions that would benefit the Austalian’s company more than it would the country’s economy.
Those cvc sentiments f orced the government to acknowledge that modifications to the bill are going to come in some form or another. Among the considerations being made is to grant investment approvals and tax concessions for the project, which is also subject to final agreement between joint-venture parties.
The Sri Lankan government’s decision to open more talks with Crown was heard loud and clear. But even with this small concession to the opposition, the country’s main opposition party is apparently not content with revisions to the current bill. Speaking on behalf of the party, attorney Harsha de Silva said that any plans to introduce casinos to Sri Lankan cvc residents should be built and developed outside of the capital where there’s a less likelihood of supposedly “polluting” its customers.
Either way this whole thing plays out, James Packer is expected to get his casino license soon, possibly even before the end of the year. At that point, the discussion shifts on how Packer can successfully live up to all the ambitious promises he spoke of about this $400-million casino.
Taking out Rocky Gap's numbers, the state's casino cvc earnings for the month that just finished represents a 47-percent growth from its numbers in the same time a year ago.
Twitter: calvinayrenews Maryland casinos continue torrid revenue pace in November http://t.co/fZJxrNpKHp cvc about 12 hours ago Reply Retweet Favorite Dealers Choice: Per Sheldon Adelson s Crotchety cvc Request, I Attack The Message And Not The Messenger http://t.co/rfbFZvbX4P #GamblingNews about 14 hours ago Reply Retweet cvc Favorite Mobile Phone Gamblers to Increase cvc by 100m People in the Next 5 Years http://t.co/LzyzLEfO7U #GamblingNews about 17 hours ago Reply Retweet Favorite
Gambling Job Postings Technical Project cvc Manager Malaga, Spain | Nov 2013 ITO Project Manger Malaga, Spain | Nov 2013 Website Product Manager Manila, Philippines | Nov 2013 Global Software Compliance Manager London, South East | Nov 2013
CalvinAyre.com is a not-for-profit website, aims to be carbon neutral and will encourage other players in the online gaming industry to follow cvc this philosophy. All profit generated from this site goes to support cvc initiatives of the Calvin Ayre Foundation.
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