The Cabinet has approved publishing the draft bill of the Gambling Sports Regularization Act in the government gazette and subsequently submitting it to the Parliament for approval for the establishment of the Gambling Regulation Authority.

It has been proposed to establish the Gambling Regulation Authority to act as an independent and sole authority to monitor activities related to the gambling industry in Sri Lanka, including offshore gambling sports activities in ships, the Colombo Port City, as well as online gambling sports.

In line with the approval of the Cabinet of Ministers in February 2025 to prepare the said draft bill, the draft bill in this regard has been prepared and has also received clearance from the Attorney General.

As such, the Cabinet of Ministers approved the proposal by the President to publish the draft bill of the Gambling Sports Regularization Act in the government gazette notification and subsequently submit it to the Parliament for approval. (Newswire)

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Cabinet approval has been granted for the Legal Draftsman to continue formulating the draft bill for the establishment of the Authority to regulate gambling. 

According to the government, approval of the Cabinet of Ministers was granted at their meeting held in June 2023 to establish the Gambling Regulation Authority.

Per the approval, the Authority was to be established as an independent entity with a broad and complete subject arena to standardize gambling institutions, minimize social damage, promote the tourism sector and ensure economic growth. 

However, the Legal Draftsman has informed that the concurrence of the current Cabinet of Ministers is sought to continue the process of drafting bills. 

As such, the Cabinet of Ministers approved the proposal by the President, as the Minister of Finance, to grant the policy approval of the Cabinet of Ministers for formulating the said draft bill with immediate effect. (Newswire)

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