August 10, Colombo (LNW): Golden Island Hospitality (Pvt) has partnered with India’s prominent Majestic Group Hotels & Casinos to introduce the Majestic Pride Casino in Sri Lanka. This new gaming facility will be located at the Lotus tower premises in Colombo, offering a premier gaming experience.
The Ministry of Finance, Economic Stabilization, and National Policy of Sri Lanka has granted a casino business license to Golden Island Hospitality under the Casino Business (Regulation) Act No. 17 of 2010. Following the completion of necessary agreements on July 4th, the Majestic Pride Casino is poised to become a key player in Sri Lanka’s gaming industry.
Further solidifying this venture, an agreement was signed on August 1, 2024, between Golden Island Hospitality and the Sri Lanka Board of Investment under Section 17(2) of the Board of Investment of Sri Lanka Law No. 4 of 1978.
Golden Island Hospitality announced that the Majestic Pride Casino will be established in the iconic Lotus Tower in Colombo 10, promising a world-class gaming environment. This venture marks a new chapter in Sri Lanka’s gaming and hospitality sector.
Majestic Pride Casino aims to become a leading destination for tourists, enhancing Sri Lanka’s tourism industry, contributing to the economy, and providing job opportunities for local youth in the gaming and hospitality sectors.
For over 15 years, the Majestic Group has been a leader in luxury and entertainment in Goa, India, drawing tourists from across the country with their exceptional offerings and commitment to excellence.
Ranked the 19th tallest tower in the world and 11th tallest in Asia, Colombo Lotus Tower opened to the public with its main function as a radio and television broadcasting antenna for more than 100 stations and telecommunications service providers.
It also boasts six floors of retail and tourism offerings including a museum, restaurants, a food court, MICE facilities, an observation deck and one floor of luxury hotel rooms.
While details of the casino itself are light, a senior official said that Kreate Design would lease out one floor of Colombo Lotus Tower covering 44,000 square meters and that the floor would be used to create an entertainment area comprising a casino and a water park, among other attractions. The initial agreement is for 10 years.
Kreate Design’s Business Development Director Cyntia Chan is quoted as saying, “This investment agreement includes development of water sports and an entertainment zone, one of the best to be developed at world class standard at the Lotus Tower in Colombo.”
“This will enable Colombo Lotus Tower as a hub to develop trade, investment and tourism activities between Singapore and Sri Lanka.”
Sri Lanka currently has five legal casinos, of which three are owned by Dhammika Perera and two by Ravi Wijeratne.
