Crown to ‘redefine luxury tourism’ in Sri Lanka: Packer

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

Oct 18, 2013 (LBO) - A 400 million US dollar high end casino resort in Sri Lanka would employ 2,500 people and 'redefine' luxury tourism in the island, Australia's Crown group has said.
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The opposition has said it will reverse tax holidays if it comes to power, and impose a 40 percent tax on gaming revenues as in Macao with no income tax, or a lower rate of around 20 percent like in Singapore with corporate income tax.

Sri Lanka's John Keells Holdings is also building a similar resort.

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"Sri Lanka is a beautiful and unique country with huge tourism potential, I have great confidence in the country's future and believe as a destination that it is Sri Lanka's time to shine in Asia," Crown chief James Packer said in a stock exchange filing.

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"A Crown integrated resort would help redefine luxury tourism in Sri Lanka and play a significant role in helping to drive increased international in-bound tourism especially from India and China.


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The group said its "Crown Sri Lanka" project will be a landmark resort with "contemporary and iconic' design.

The 5-star resort will have 450 rooms and suites, dining and entertainment offerings, conferencing, gaming areas, retail outle

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