Sri Lanka ministry leaves casino licence questions open in Hyatt Tower sale
Sri Lanka’s Finance Ministry did not say whether a casino licence could be obtained or transferred with the unfinished Hyatt Tower in Colombo, according to the report. It advised prospective buyers to seek legal advice as Canwill Holdings is offered through an expressions-of-interest process; only pre-qualified investors can proceed to a full review.
The unresolved licence terms may affect bidders’ assessment of the tower’s value and redevelopment prospects.