Do you think this will be effective? Do you think it is possible to revive a failing economy just from gambling revenue? Would you be willing to travel to Sri Lanka to gamble?
Gambling in a way to recover the economy? I doubt that would be possible but in the aspect of tourism I believe it would be of great benefits from this category since other countries like china would contribute immensely to it.
It's possible to do so provided the revenue gotten from the gambling industry is expanded such that it's been invested in something confidential just like the tourist attractions centres that would lure different people as well as different countries to visit and have fun.