Video games are a cultural phenomenon that continues to grow in popularity. In recent years, the gaming industry has grown from a niche hobby to a multi-billion-dollar industry.

Sri Lanka’s new project looking to establish gaming in the coming weeks Forces! Sri Lanka's Economic Commission will regulate gaming activities and licence procedures in light of a $1.4bn project by the state-owned Chinese engineering firm Local media in Sri Lanka reported that a Chinese-controlled special economic zone, to be established in Colombo Port City will soon have a regulation that will cover gaming. This draft law will be presented in parliament soon. The development of “Sri Lanka’s new Dubai” was launched in 2014 by Sri-Lankan President Mahinda Rajapaksa and the Chinese President Xi Jinping. It is designed to be a smaller Singapore. It is the largest single foreign direct investment in Sri Lankan history – a $1.4bn (£1.1bn) project by the state-owned Chinese engineering firm China Communications Construction Company (CCCC). The city will be administered by Colombo Port City Economic Commission, with a board appointed by the President of Sri Lanka and a Director General. The Special Zone is expected to bring a variety of investments including offshore banking to boost economic activity. The Economic Commission will also “regulate gaming activities within the Area of Authority of the Colombo Port City and where required to make regulations for the management of such activities.” The commission will also determine “the attributes of gaming locations within the Area of Authority of the Colombo Port City, and specify the manner in which gaming activities are to be carried on or be operated, and the procedure for obtaining a licence and the licence fees, royalties to be paid and any other related matter, as may be necessary.” The Economic Commission will have authority to grant exemptions or incentives under The Betting and Gaming Levy Act No 40 of 1988 and Casino Business (Regulation) Act Nov 17 of 2010. There are currently five casinos operating in Sri Lanka, four of which are located in Sri Lanka’s capital, Colombo. However, monks and other activists opposed the setting up two new casinos linked to foreign operators a few years ago. Sri Lanka previously raised its annual casino license fees from 200 million to 400 million rupees, as well as adding a turnover tax of 15% and an entrance fee for locals, in the year 2019.

The Industries’ Leading Localization Provider, GTH Translation & Indispensable iGaming, Land-based Gaming, and Deep Tech Event Organizer, SiGMA Join Forces! GTH translation has today announced a media partnership with SiGMA, which will see these two companies working together to create and boost iGaming awareness through events and multi-content channels. [21st, July, 2020] - GTH Translation, the industries leading localization provider who has been providing localization and content services for companies in the iGaming industry for over a decade, and SiGMA, the leading provider of iGaming events and news, have today announced a joint media partnership. The media partnership will see the two firms working together to enhance the awareness of various gaming verticals, and this will see GTH and SiGMA producing a range of content to drive this awareness forward. “We’re delighted and excited to have agreed a media partnership with SiGMA”, said Ildiko Gyimesi, the Director of Business Operations at GTH translation. “We’ve been working with SiGMA over the past 4 months and in that time we’ve come a long way, especially towards the enhancement of the iGaming industry as a whole. At GTH, we already serve a vast array of clients providing online gaming localization & content services so given this opportunity to align ourselves with one of the biggest players in this space, we couldn’t refuse. SiGMA are huge and their events and content are the cornerstone of the iGaming industry. As part of our agreement, GTH Translation will be providing a range of content that’s based around the iGaming space, and we will be working closely with potential speakers, regulators and influencers within the LatAm iGaming Market. We will also be promoting the SiGMA LatAm Summit, as well as promoting press releases produced by SiGMA.” “We were very happy and excited when presented with the media partnership with GTH Translation”, said Sophie Crouzet, SiGMA’s Group COO. “They have been a strong supporter of the iGaming industry and of SiGMA as a whole too. As part of our media partnership with GTH, we will be publishing GTH’s unique content articles on our SiGMA News section. We’ll also be providing GTH with 3 media passes to our events in Malta and they will have access to conferences and workshops at our SiGMA Group events. We’re also in the process of arranging exclusive ad-hoc interviews with them, which will be on a mutually chosen topic. Another big plus will be the co-creation of marketing content, which is going to be supported and endorsed by both parties." Watch this space, as both GTH Translation and SiGMA will be producing a range of content which focuses on the iGaming, Land-based gaming and Deep Tech industry.For reviews, news and interviews within the iGaming space, both GTH and SiGMA have you covered! SiGMA will be hosting the Focus Latam Virtual Summit on 22nd to 24th September 2020. Go ahead and reserve your place at this eagerly awaited event here - https://www.sigma.com.mt/en/events/latam Share on facebook Share on twitter Share on linkedin

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