Bahamas set for sweeping changes to gaming industry

| 09/09/2014

(CNS Business): The government of The Bahamas has decided to go against the result of referendum and press on with the proposed comprehensive legislation aimed at regularizing the gaming industry in the country. The referendum to legalize gambling for citizens in January 2013, which cost taxpayers $1.2m, resulted in a ‘no’ majority vote. Nevertheless, Tourism Minister Obie Wilchcombe said the government could not avoid moving forward with regularising number houses because the Central Bank of the Bahamas warned that unregulated web shops were expected to harm the financial services sector. Casinos on the islands have applauded the proposed regulations. Read more and comment on CNS Business

Category: World News

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