Sri Lanka casino tale highlights political risk

Investing in developing economies is risky enough. When the project involves an edgy product such as casinos, the hazards multiply. Add in a powerful clergy, and that’s how things went wrong for Australian billionaire James Packer’s Crown Resorts in Sri Lanka.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at; follow him on Facebook and Twitter @MuhammadCohen.