Melco Secures Sri Lanka Casino License
Melco Resorts & Entertainment has received a 20-year exclusive casino license from the Sri Lankan government to develop and operate City of Dreams Sri Lanka, marking the island nation's entry into regulated integrated resort gaming. The approval, announced on December 4, 2025, by the Ministry of Tourism, involves a $500 million investment and positions Melco as the pioneer in South Asia's emerging market, blending luxury hospitality with compliant iGaming to attract high-net-worth visitors from India and the Middle East. This development signals Sri Lanka's pivot toward tourism diversification post-economic recovery, injecting revenue into a sector projected to contribute $1.2 billion annually by 2030.