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Golden Island partners with Majestic Group to launch casino at Lotus Tower

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Golden Island Hospitality Ltd., said yesterday it has entered into an agreement with the renowned Majestic Group Hotels and 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 Finance, Economic Stabilisation and National Policies Ministry 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 Ltd. This significant development, finalised last month, marks the beginning of a new era in Sri Lanka’s gaming and hospitality sector.

An agreement with the Board of Investment of Sri Lanka was also signed on 1 August 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 and 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.

(ft.lk)
(Except for the headline, this story, originally published by ft.lk has not been edited by SLM staff)

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China explains their ‘silence’ over research ship issue in Sri Lanka (Pics)

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A top Chinese diplomat in Sri Lanka has said that some countries consider Sri Lanka’s barring of scientific research vessels including those from China, as a diplomatic victory.

Speaking during an interactive session with a group of journalists at the Colombo Port City yesterday (Sep. 12), Deputy Chief of the Chinese embassy in Colombo, Yanwei Zhu said that widespread public concern was raised on Chinese social media over the matter, wondering as to why Sri Lanka, as a friendly nation, had taken such a measure.

Mr. Yanwei said that China fully respects the decision of Sri Lanka as an independent and sovereign nation.

However, he said that there is an issue whether the decision was actually made by the Sri Lanka government independently or otherwise.

“Another issue is whether this decision is made by Sri Lanka government independently or because of outside pressure. To be honest, we heard a lot of rumours… When Sri Lanka government made such a decision, China kept silent… Because we respect our friend… We understand the difficult situation our friend has been facing since last two years. Because some countries took advantage of the difficulty of Sri Lanka and gave a lot of pressure to our Sri Lankan friends,” he said.

We do not want to put our friends in an awkward situation. Therefore we kept silent, he said.

However ‘some friends’ considered the decision to bar scientific research vessels as a ‘diplomatic victory’, Mr. Yanwei said.

History and future will prove to our Sri Lankan friends that China is the real good friend and partner and we are ready to walk together with Sri Lanka, he added.

He also pointed out that the research onboard such vessels are not done alone by China but done in collaboration with Sri Lanka, which lacks the capacity to conduct such research on its own.

He questioned which other country with the capacity and willingness has stepped into conduct joint research in this manner with Sri Lanka.

Without the permission of Sri Lanka, the information of this research cannot be shared with anyone, he emphasized.

Addressing the event, Chinese ambassador in Sri Lanka – Mr. Qi Zhenhong reiterated that the friendship between China can be traced back to 2,000 years.

Speaking on the upcoming election in Sri Lanka, the ambassador further said that if the new government is prepared to strengthen ties with China, they are always willing to remain open to promote friendship and cooperation.

(Pics : Kelum Shivantha | Shanika Jayasekara)

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Sri Lanka to lift all vehicle import restrictions by Feb. 2025

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Sri Lanka’s Cabinet of Ministers has decided to lift all vehicle import restrictions by February 2025, according to Foreign Minister Ali Sabry.

“With the significant improvement in forex reserves and the strength of the rupee, the Cabinet of Ministers has decided to lift all vehicle import ban/restrictions by February 2025. This decision is part of our ongoing efforts to restore normalcy in the economy and meet the needs of our people,” he has said on a X post (formerly Twitter).

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New Chief of Staff appointed to Sri Lanka Army

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Major General Dinesh Nanayakkara of the Sri Lanka Sinha Regiment has been appointed as the new Chief of Staff of the Sri Lanka Army (SLA).

He has been appointed to the position by the Commander of the Army, effective from September 16, 2024.

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