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Casino ban fails to deter John Keells' Sri Lanka mixed-development project

The nation's biggest conglomerate is going ahead with US$850m plan

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Published Thu, Jun 4, 2015 · 09:50 PM

    Colombo

    A BAN on casinos by Sri Lanka's new government isn't stopping the nation's biggest conglomerate from pressing ahead with a US$850 million development project as the island rebuilds from a 30-year civil war.

    Lenders are fully committed to John Keells Holdings plc's Waterfront Properties mixed-development project in Colombo though the absence of a casino may take some sheen off it and dent revenue, chairman Susantha Ratnayake said.

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