Search results for : web shop

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News Article

September 22, 2014
New day for web shops

A leading accountant has stressed the proposed economic benefits of regularizing the country's web shop industry, arguing that it will "grow the economy immensely".
During an interview with NB12, HLB Galanis & Co. Managing Partner Philip Galanis welcomed the opportunities for investment and employment following the passage of the 2014 Gaming Bill, which will regulate and tax the country's web shop...

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News Article

January 29, 2013
Bastian blames loss on 'flawed process'

Island Luck CEO Sebas Bastian last night blamed a "flawed process" and the politicization of the referendum for the crushing defeat of the Vote Yes campaign in yesterday's historic poll, adding that thousands of jobs are now in limbo.
"If you factor in what we have seen so far, low voter turnout and the support of the no vote, it clearly shows that... Bahamians are probably disgusted with the proc...

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News Article

November 23, 2012
Web Shop Linked To West African Cartel, Claims FNM Leader

Free National Movement Leader Dr. Hubert Minnis claimed in the House of Assembly yesterday that a local numbers house could be working as a money laundering service for an alleged criminal group from West Africa.

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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

January 13, 2014
Strong support for web shops

Almost one year after the January 28 gambling referendum, a new scientific poll shows strong support for the legalization of web shops in The Bahamas.
The survey, conducted by Public Domain, a local market research and public opinion polling company, comes as the government and the church continue to lock horns over the prickly issue of regulating the numbers industry.
Respondents were asked wheth...

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News Article

March 13, 2014
Roberts agrees with Cash, says Minnis hypocritical

Progressive Liberal Party (PLP) Chairman Bradley Roberts yesterday called Free National Movement (FNM) Leader Dr. Hubert Minnis "hypocritical" for his stance on the web shop issue.
Roberts, who was contacted for comment, said he agreed with FNM Chairman Darron Cash, who has urged the party to publicly support regulating the web shop sector.
But Minnis has called on the government to abide by the r...

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News Article
'Christie Must Keep His Word And Close Web Shops'
January 31, 2013
'Christie Must Keep His Word And Close Web Shops'

Prime minister Perry Christie must keep his word and carry out the mandate of the Bahamian people by closing all web shops and gaming houses, Christian Council President Ranford Patterson said yesterday.

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News Article

March 03, 2014
Tourism leaders say tax web shops

Tourism industry leaders intend to present a five-point 'smart tax plan' to the government, which will include a recommendation that the government tax web shops as part of efforts to improve its revenue.
Specifically, the plan will call for legislation to "regulate and tax web shop numbers".
The Nassau Guardian confirmed that tourism industry leaders also intend to recommend to the government tha...

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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

June 24, 2014
Gaming Bill to be tabled next week

The revised Gaming Bill will be tabled in Parliament next week, Tourism Minister Obie Wilchcombe confirmed yesterday.
However, Wilchcombe said the government has still not decided on the rate of taxation for web shops or the number of web shop licenses that will be approved.
"We're completing all the work on it right now and we're going to bring it to

Parliament when it next meets," he told The N...

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