Golden Island Hospitality (Pvt) has confirmed plans with India’s prominent Majestic Group Hotels & Casinos to open the Majestic Pride Casino in Sri Lanka at the Lotus tower premises in Colombo.
Kreate Design will lease out one floor at the Colombo Lotus Tower covering 44,000 square meters for the casino for 10 years to Majestic, who owns the Majestic Pride Casino in Goa. The tower already includes an eSports arena on its second floor.
Kreate Design’s Business Development Director Cyntia Chan isaid: “This investment agreement includes the development of water sports and an entertainment zone, one of the best to be developed at world class standard at the Lotus Tower in Colombo. This will enable the Colombo Lotus Tower as a hub to develop trade, investment and tourism activities between Singapore and Sri Lanka.”
The group added: “The Majestic Pride Casino is poised to transform Sri Lanka’s gaming sector with a wide variety of gaming options, setting a new standard for entertainment in the region. This venture is expected to boost tourism, enhance the local economy, and generate employment opportunities for Sri Lankan youth in the gaming and hospitality industries.”
Ranked the 19th tallest tower in the world and 11th highest in Asia, Colombo Lotus Tower opened to the public with its main function as a radio and television broadcasting antenna for more than 100 stations and telecommunications service providers.
The Ministry of Finance, Economic Stabilization, and National Policy of Sri Lanka has granted a casino business license to Golden Island Hospitality under the Casino Business (Regulation) Act No. 17 of 2010. Following the completion of necessary agreements on July 4, the Majestic Pride Casino is aiming to become a key player in Sri Lanka’s gaming industry.
An agreement was signed on August 1, 2024, between Golden Island Hospitality and the Sri Lanka Board of Investment under Section 17(2) of the Board of Investment of Sri Lanka Law No. 4 of 1978.
Sri Lanka currently has five legal casinos, of which three are owned by Dhammika Perera and two by Ravi Wijeratne. Macau operator Mekco Resorts is developing a casino in Colombo using its City of Dreams brand.
