Founded on 18th February 1922 as an Association of Ceylon Magicians, headed by Gate Mudaliyar A.C.G.S. Amarasekera, with Harold Holden, T.G.R. Goonewardane, Simon Perera, Linden de Alwis, Herbert E. Gonsal, and Vivien Abhayaratne, the Association progressed in the cultural entertainment field up to the 1950 era and thereafter galvanized itself into creating a niche in the entertainment field. In 1953 the name was changed to Sri Lanka Magic Circle (SLMC) which attracted many enthusiasts interested in the performing art of magic. These were students, many members from the government service, mercantile service, Army, Air Force, Navy, Police, Engineers, Doctors, Education department, Medical Research Institution and Judicial service, Borah and Sindi communities to name a few.

Regular monthly meetings and magic workshops were held throughout, initiated by the diligent council members. Many magic performances were held island-wide, most of which were in aid of fundraising charitable causes, which was one of the social obligations of the SLMC, even as of date. The quality of the performing art was raised by conducting regular workshops and by holding annual magic contests since 1961 to date thus improving professionalism in presentation.

This Magic Circle received the blessings of the State throughout its long history. Sir Oliver Goonetilleke graced the magic shows conducted by the Circle The Golden Jubilee celebrations were held at the President’s House with the blessings of the late William Gopallawa. In 2002 the Tower Hall Theatre Foundation, in association with the Cultural Ministry, under then Minister the late Monty Gopallawa, gifted a block of land at the Kalapola zone at 156 Templars Road, Mt.Lavinia in recognition of the cultural impact of the Magic Circle, on which the ground floor headquarters has been constructed.