Continuing his dive further into the casino industry, James Packer has visited Sri Lanka in an effort to determine what it would take for him to invest in an integrated resort in the capital city of Colombo. Packer, owner of Australia’s Crown Casinos and half owner of Macau-based Melco Crown, met with Sri Lankan officials last month.
“They have not finalized the area and the amount they are going to invest,” Lakshman Yapa Abeywardene, Sri Lanka’s minister of investment promotion, told Reuters. “The government proposed for them to invest in a large city hotel in Colombo and go to (the eastern city of) Trincomalee to look into possible investment opportunities.”
Sri Lanka is the focus of much international investment, largely from China, with an economy that is expected to grow by more than 7 percent in 2013. Located on an island adjacent to India, where gambling is largely prohibited, the nation was hit hard by the Christmas tsunami of 2004.