Feature
South Asia’s tallest tower opens in Colombo
Colombo: Sri Lanka on Monday unveiled South Asia’s tallest tower, costing over $100 million, 80 percent of which has been funded by China under the controversial Belt and Road Initiative (BRI).
The 350-metre-tall 17-storey Lotus Tower, located in the heart of Colombo city, comprises a television tower, a hotel, a telecommunications museum, restaurants, auditorium, an observation deck, a shopping mall and a conference centre.
The tower, spread over an area of 30,600 sq metre, is constructed at a cost of over $100 million, 80 percent of which was funded by China, Sri Lankan media reports said.
According to a Colombo Page report, Sri Lanka and China signed the Lotus Tower agreement in 2012 under the Chinese government’s ambitious Belt and Road Initiative (BRI) to build the highest TV tower in South Asia, with China National Electronics Import and Export Corporation (CEIEC) being the general contractor.
The BRI project, critics say, is saddling nations with debt.
India has been severely critical of the BRI, the pet project of Chinese President Xi Jinping, as it comprises the $50 billion China Pakistan Economic Corridor (CPEC), which passes through Pakistan-occupied Kashmir (PoK).
Though the tower is still under construction, President Maithripala Sirisena decided to open the structure to the public.
“We still have not completed this project, but we decided to go ahead and open sections of the tower that can be accessed by people,” Sirisena said during the unveiling ceremony.
The project which began in 2012 under the then-president Mahinda Rajapakse faced numerous delays amid funding issues.
The Sri Lanka Telecom (SLT) in a release said the Lotus Tower is foreseen to be one of the significant landmarks and an epitome of the country’s economy, culture and development.
The tower, which is expected to function as Sri Lanka’s ‘digital TV tower’, is built with fibre optic cables and is fully equipped with necessary telecommunication equipment.
The tallest tower in India is the Rameswaram TV Tower with a height of 323 metres.
The State Scores Extra High on Gaming-Friendly Industry Index
Meghalaya scored 92.85 out of 100 possible points in a Gaming Industry Index and proved to be India’s most gaming-friendly state following its recent profound legislation changes over the field allowing land-based and online gaming, including games of chance, under a licensing regime.
The index by the UK India Business Council (UKIBC) uses a scale of 0 to 100 to measure the level of legalisation on gambling and betting achieved by a state based on the scores over a set of seven different games – lottery, horse racing, betting on sports, poker, rummy, casino and fantasy sports
Starting from February last year, Meghalaya became the third state in India’s northeast to legalise gambling and betting after Sikkim and Nagaland. After consultations with the UKIBC, the state proceeded with the adoption of the Meghalaya Regulation of Gaming Act, 2021 and the nullification of the Meghalaya Prevention of Gambling Act, 1970. Subsequently in December, the Meghalaya Regulation of Gaming Rules, 2021 were notified and came into force.
All for the Tourists
The move to legalise and license various forms of offline and online betting and gambling in Meghalaya is aimed at boosting tourism and creating jobs, and altogether raising taxation revenues for the northeastern state. At the same time, the opportunities to bet and gamble legally will be reserved only for tourists and visitors.
“We came out with a Gaming Act and subsequently framed the Regulation of Gaming Rules, 2021. The government will accordingly issue licenses to operate games of skill and chance, both online and offline,” said James P. K. Sangma, Meghalaya State Law and Taxation Minister speaking in the capital city of Shillong. “But the legalized gambling and gaming will only be for tourists and not residents of Meghalaya,” he continued.
To be allowed to play, tourists and people visiting the state for work or business purposes will have to prove their non-resident status by presenting appropriate documents, in a process similar to a bank KYC (Know Your Customer) procedure.
Meghalaya Reaches Out to a Vast Market
With 140 millions of people in India estimated to bet regularly on sports, and a total of 370 million desi bettors around prominent sporting events, as per data from one of the latest reports by Esse N Videri, Meghalaya is set to reach out and take a piece of a vast market.
Estimates on the financial value of India’s sports betting market, combined across all types of offline channels and online sports and cricket predictions and betting platforms, speak about amounts between $130 and $150 billion (roughly between ₹9.7 and ₹11.5 lakh crore).
Andhra Pradesh, Telangana and Delhi are shown to deliver the highest number of bettors and Meghalaya can count on substantial tourists flow from their betting circles. The sports betting communities of Karnataka, Maharashtra, Uttar Pradesh and Haryana are also not to be underestimated.
Among the sports, cricket is most popular, registering 68 percent of the total bet count analyzed by Esse N Videri. Football takes second position with 11 percent of the bets, followed by betting on FIFA at 7 percent and on eCricket at 5 percent. The last position in the Top 5 of popular sports for betting in India is taken by tennis with 3 percent of the bet count.
Local Citizens will Still have Their Teer Betting
Meghalaya residents will still be permitted to participate in teer betting over arrow-shooting results. Teer is a traditional method of gambling, somewhat similar to a lottery draw, and held under the rules of the Meghalaya Regulation of the Game of Arrow Shooting and the Sale of Teer Tickets Act, 2018.
Teer includes bettors wagering on the number of arrows that reach the target which is placed about 50 meters away from a team of 20 archers positioned in a semicircle.
The archers shoot volleys of arrows at the target for ten minutes, and players place their bets choosing a number between 0 and 99 trying to guess the last two digits of the number of arrows that successfully pierce the target.
If, for example, the number of hits is 256, anyone who has bet on 56 wins an amount eight times bigger than their wager.
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