The Cabinet of Ministers of Sri Lanka officially validated a proposal to draft legislation to create the Gambling Regulatory Authority (GRA), whose main task will be to supervise the industry and make sure that tax revenues are properly accumulated.
Proposal for a draft legislation:
“The Cabinet approved the proposal previously tabled by Sri Lankan President Ranil Wickremesinghe on Monday, with a bill now set to be drafted around the regulation of all gaming activities,” local media reported. Additionally, reports claim that the government is not only doing everything it can to make sure that taxes are fully accumulated, but also that there are rules in place to prevent illegal activities and reduce the harm of gambling.