Equity Analysis /
Sri Lanka

John Keells Holdings: Inching closer to coveted gaming operation at Cinnamon Life with Budget proposal

  • Sri Lanka's Budget 2022 proposed to issue a new special zone license for leisure activities under goods and services tax

  • Indicates a favorable outcome for the Cinnamon Life gaming operation, in partnership with an international operator

  • We believe the gaming facility will enable JKH to unlock the full economic potential of the Cinnamon Life project

Asia Securities
15 November 2021
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