Search results for : web shop

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News Article

September 20, 2014
Less than a year for web shop regularization, says minister

While one observer has projected that it could be two years before the web shop regularization process is complete, Tourism Minister Obie Wilchcombe said he expects the process to wrap up in under a year.
The Gaming Bill was passed in the House of Assembly on Monday and is expected to be debated and passed in the Senate next week, Wilchcombe said.
However, he said that the process would not end t...

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News Article

June 28, 2014
Munroe: Temporary closure of web shops would be harmful

Attorney Wayne Munroe, who represents a group of web shop owners, said he does not see the logic in closing down web shops for a period of time before they are regularized as it would hurt web shop employees.
"It doesn't make sense from a point of view that, when you close, you terminate people and you have to pay them all their severance packages," said Munroe when contacted for comment.
"Then if...

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News Article

April 09, 2013
JUST IN: Chief justice lifts injuction protecting web shops

Chief Justice Sir Michael Barnette just lifted the order stopping police from arresting persons in web shops. The injunction that prevented law enforcement officers taking action against web shop gaming operators, was enforced shortly after the Bahamas voted against legalalising and taxing the industry.

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News Article

January 30, 2013
Bahamas Christian Council referendum victory is a Pyrrhic one

Dear Editor,
The Bahamas Christian Council (BCC) has won a major victory, albeit a Pyrrhic one, against the powerful numbers bosses and the Progressive Liberal Party (PLP) government. Despite having a very deep war chest, the Vote Yes camp was unable to gain a yes vote on Referendum Day. Despite holding massive rallies featuring renown Bahamian artists and showering attendants with expensive gif...

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News Article

June 11, 2014
Clearing Banks: 'Difficult to anticipate' U.S. response to web shop plan

The head of the Clearing Banks Association said it is "difficult to anticipate" what the reaction of key international bodies and the United States will be to the government's plan to regularize the web shops, noting that a "challenge" in this regard is that there is "much speculation but little definitive information" about the web shops' business activities.
Commenting after banking executives w...

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News Article

March 18, 2015
PM acknowledges banks must make call on web shop money

While CIBC FirstCaribbean International Bank has said it will not accept web shop proceeds, Prime Minister Perry Christie said yesterday Bank of The Bahamas (BOB) and at least one other bank will...

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News Article

February 11, 2014
Vote Yes coordinator: Web shop regulation overdue

Former Senator Philip Galanis yesterday said the country should not be held "hostage" by last year's referendum results and urged Prime Minister Perry Christie to quickly regulate the web shop sector.

Galanis, a coordinator for the referendum's Vote Yes campaign, also applauded the government's meetings with religious leaders and web shop owners in an effort to try and find a solution to the ...

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News Article

September 05, 2014
Up to 40 mil. from web shops in first year, says minister

Tourism Minister Obie Wilchcombe yesterday projected that the government could collect up to $40 million in web shop revenue in the first year of regularization and up to $25 million in the ensuing years.
During the budget process, the government projected it would generate approximately $12 million in web shop taxes. But Wilchcombe said when the taxes are added to other fees, "We will get more th...

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News Article

January 24, 2013
'Vote Yes' storms Bay St.

Web shop businesses were temporarily closed until 2 p.m. yesterday as more than 1,000 Vote Yes supporters, workers and web shop owners united in Rawson Square to put a face to the web shop businesses that could be regulated or shut down following the January 28 gambling referendum.

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News Article

November 07, 2012
Bahamians Must Now Stop the Government from Playing Games

Bahamians Must Now Stop the Government from Playing Games With the Game of Chance in The Bahamas

Prime Minister Perry Christie Tuesday finally confirmed what I and other informed, discerning Bahamians already knew from day one there is no actual UK consultant report on gambling in The Bahamas the report Prime Minister Christie told Parliament and the country would be a basis for his Governm...

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