The key defender of Sri Lanka’s controversial casino policy on Wednesday quit the government in order to support the opposition presidential candidate, reported Agence France-Presse. That is despite the opposition candidate making a number of policy statements that appear hostile to the industry.
Faizer Mustapha (pictured), an adviser to current president Mahinda Rajapakse as well as a deputy minister of investment, has joined forces with challenger Maithripala Sirisena.
Mr Sirisena has promised in his manifesto to cancel a casino licence – reportedly given to Australia’s Crown Resorts Ltd – if he wins the January 8 vote, said Reuters news agency.
He has also vowed to withdraw tax concessions granted to foreign-funded casinos.
Aug 07, 2020Casino operator Genting Singapore Ltd posted a SGD163.3-million (US$119.2 million) net loss in the quarter to June 30, compared to net profit of about SGD168.4 million in the prior-year period....
Net loss posted by casino operator Genting Singapore for the second quarter of 2020, the firm's worst quarterly performance since 2010