Casino plans stymied

James Packer's plans to build a $400 million casino resort in Sri Lanka face further delays after opposition from religious leaders and politicians in Sri Lanka forced the government to alter tax concessions granted to Crown Resort's consortium. The changes will delay the passage of legislation granting tax concessions for the project.

James Packer's plans to build a $400 million casino resort in Sri Lanka face further delays after opposition from religious leaders and politicians in Sri Lanka forced the government to alter tax concessions granted to Crown Resort's consortium. The changes will delay the passage of legislation granting tax concessions for the project.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free