Golden Island Hospitality Pvt Ltd has entered into an agreement with the Majestic Group Hotels & Casinos, a leading gaming group from India, to establish the Majestic Pride Casino, Sri Lanka.
The casino will be housed in the prestigious Lotus Tower located in Colombo 10, promising a world-class gaming experience, the local company said in a media release.
The Ministry of Finance, Economic Stabilization & National Policies of Sri Lanka has granted a Casino Business License under the Casino Business (Regulation) Act, No.17 of 2010 to M/S Golden Island Hospitality Private Limited. This development, finalised on July 5 marks the beginning of a new era in Sri Lanka's gaming and hospitality sector, the statement said.
An agreement with the Board of Investment of Sri Lanka was also signed on August 1, 2024, under Section 17(2) of the Board of Investment of Sri Lanka Law No.4 of 1978, further solidifying this venture.
The Majestic Pride Casino in Sri Lanka is set to elevate the gaming landscape with its extensive array of gaming options.
With this new venture, Golden Island Hospitality and Majestic Group aim to make the Majestic Pride Casino, Sri Lanka, a premier destination for tourists, contributing to Sri Lanka's vibrant tourism industry, economy and to create job opportunities for local Sri Lankan youth in gaming and hospitality.
For over 15 years, Majestic Group Hotels & Casinos has been a cornerstone of luxury and entertainment in Goa, attracting tourists from across India. Known for their commitment to excellence, they offer unique experiences through their diverse portfolio of properties.
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