Golden Island Hospitality Private Limited has partnered with the prestigious Majestic Group Hotels & Casinos to launch the Majestic Pride Casino in Sri Lanka’s iconic Lotus Tower. Situated in the bustling area of Colombo 10, the new establishment aims to provide a premium gaming experience, setting a new benchmark for luxury and entertainment in the region.
Licensing and investment propel the project forward:
On July 5, 2024, the Ministry of Finance, Economic Stabilisation and National Policies of Sri Lanka awarded a casino business license to Golden Island Hospitality under the Casino Business (Regulation) Act No.17 of 2010, signaling a significant step in this venture. Additionally, a pivotal agreement was signed with the Board of Investment of Sri Lanka on August 1, 2024, under Section 17(2) of the Board of Investment of Sri Lanka Law No.4 of 1978. This agreement is a crucial element in reinforcing the foundations of this promising project.
The introduction of the Majestic Pride Casino is anticipated to dramatically enhance the local economy. “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,” stated representatives from the group, as Daily Mirror – Sri Lanka reports. This collaboration between Golden Island Hospitality and the Majestic Group is not only about introducing a new gaming facility but also about fostering economic growth and providing valuable job opportunities in Sri Lanka.
For more than 15 years, the Majestic Group Hotels & Casinos has been a symbol of luxury and entertainment in Goa, India, attracting a large number of tourists with its exceptional service and unique offerings. Their partnership in Sri Lanka extends this legacy of excellence to a new market, promising to deliver a diverse and extensive array of gaming options.
A premier destination for gaming enthusiasts:
Located in the Lotus Tower, which stands as a prominent landmark in Colombo at over 350 meters tall, the Majestic Pride Casino is poised to become a premier destination for tourists and gaming enthusiasts alike. The casino promises to offer a sophisticated and diverse gaming experience, aiming to transform the Lotus Tower into a vibrant hub of entertainment.
As Asia Gaming Brief reports, this new casino aligns with the broader vision of transforming the Lotus Tower into a $1 billion entertainment hub. It marks a significant development in the local entertainment landscape, further supported by other upcoming projects like Melco Resorts & Entertainment’s City of Dreams in central Colombo.
As the government of Goa tightens regulations on unauthorized advertisements promoting online gaming in Sri Lanka, the establishment of the Majestic Pride Casino offers a regulated and high-standard option for casino-goers, enhancing the overall appeal of Sri Lanka as a destination for international tourists seeking world-class entertainment and luxury.
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