Sri Lanka is set to launch its highly anticipated Gambling Regulatory Authority (GRA) by June 2026. The establishment of this regulatory body is a crucial step in modernizing the country’s gambling sector, which has long struggled with a lack of comprehensive regulation. Dr. Harsha de Silva, Chairman of the Committee on Public Finance (COPF), confirmed that while the legislation to establish the authority is already in place, the next phase will involve drafting the necessary regulations to make it fully operational. “What we now need are the detailed regulations that will make it operational,” Dr. de Silva explained, highlighting the importance of this next step to ensure compliance with international standards. The GRA will oversee both land-based casinos and online gambling platforms, unifying the regulatory and licensing framework for the industry. Dr. de Silva emphasized the need for robust regulations that address key issues such as licensing procedures, penalties for…Â Read More
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Source: Casino News Daily