February 25, Colombo (LNW): The Cabinet of Ministers has given its approval for the creation of a Gambling Regulation Authority, which will operate as an independent body with a comprehensive mandate to oversee and standardise gambling establishments.
The aim is to minimise social harm, foster the tourism industry, and stimulate economic growth.
Cabinet spokesperson Nalinda Jayatissa stated that the Legal Draftsman had informed the Cabinet that their agreement was necessary to proceed with drafting the relevant legislation.
Consequently, the Cabinet endorsed a resolution proposed by the President, in his role as the Minister of Finance, Plan Implementation, and Economic Development, granting policy approval for the immediate formulation of the draft bill.
