Crown Sri Lanka
   HOME

TheInfoList



OR:

Crown Sri Lanka was a proposed
casino A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos also host live entertainment, such as stand-up comedy, conce ...
and
resort A resort (North American English) is a self-contained commercial establishment that aims to provide most of a vacationer's needs. This includes food, drink, swimming, accommodation, sports, entertainment and shopping, on the premises. A hotel ...
on the banks of the
Beira Lake Beira Lake (/ˈbeɪrə/; (); ()) is a man-made lake in the centre of the city of Colombo in Sri Lanka. The lake is surrounded by many large businesses in the city. It initially occupied approximately of land 100 years ago but has since been r ...
in
Colombo Colombo, ( ; , ; , ), is the executive and judicial capital and largest city of Sri Lanka by population. The Colombo metropolitan area is estimated to have a population of 5.6 million, and 752,993 within the municipal limits. It is the ...
,
Sri Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, ...
. It was expected to cost $450 million and consist of two 36 floor buildings


History

In the post-war period, the
Sri Lankan government The Government of Sri Lanka (GoSL) (; ) is a Semi-presidential republic determined by the Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo and the administrative capital of Sri Jayawardenepura Kott ...
under
Mahinda Rajapaksa Mahinda Rajapaksa (; ; born Percy Mahendra Rajapaksa; 18 November 1945) is a Sri Lankan politician. He served as the sixth President of Sri Lanka from 2005 to 2015; the Prime Minister of Sri Lanka from 2004 to 2005, 2018, and 2019 to 2022; the ...
actively pursued new ventures to attract tourism and boost the country's economy, intending to take advantage of the island's close proximity to
India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
. In this context, it intended to encourage the growth of a
gambling industry A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos also host live entertainment, such as stand-up comedy, conce ...
, hoping to divert Indian and Chinese travelers from more established centers such as
Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
or
Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...
. Crown Sri Lanka was one of three integrated resorts planned in Sri Lanka, located in the capital city
Colombo Colombo, ( ; , ; , ), is the executive and judicial capital and largest city of Sri Lanka by population. The Colombo metropolitan area is estimated to have a population of 5.6 million, and 752,993 within the municipal limits. It is the ...
. This was a joint partnership between Ravi Wijeratne (head of the Rank Holdings group) and Crown Limited, who each held a 45% stake. The project was criticized by civil society groups (on the grounds of being contrary to the country's conservative principles), and by opposition parties, which alleged that the tax incentives given to the project were disproportionate and an unfair burden to the taxpayer. The project was slated to be completed by 2015, but a change in government led to the cancellation of all three casino licenses awarded by the previous administration- among them, that of the Crown Resorts project.


References

{{coord missing, Sri Lanka Buildings and structures in Colombo Casinos in Sri Lanka Tourist attractions in Colombo Unbuilt casinos Casino hotels in Sri Lanka that never opened