• Australian tycoon confirms Sri Lanka casino plans

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    SYDNEY: Australian tycoon James Packer on Friday said he plans to pump Aus$400 million ($384 million) into a five-star gambling resort in Sri Lanka, cashing in on the country’s tourism potential. The billionaire, who operates casinos in Melbourne, Perth and Macau and is planning a complex in Manila, said the project on the banks of Beira Lake in Colombo would create 2,500 jobs.

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