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While some web shop owners are "not happy" with some aspects of the 2014 Gaming Bill and the accompanying regulations, attorney Wayne Munroe said they are already engaged in the process of readying their businesses for regulation.
Among the sections of the bill that web shop bosses do not support are the ones that deal with the discriminatory elements and the disproportionate tax rates between web...
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.
The minister with responsibility for gaming has stated that there is no reason to doubt web shops can meet strict international standards, while adding that any financial services products offered by such establishments are "not what we are seeking to regularize".
Obie Wilchcombe told Guardian Business that anyone who suggests that there are questions about whether web shops can meet strict intern...
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.
The government will in a few days bring a new Gaming Bill to Parliament.
It would continue existing discrimination that prevents Bahamians ordinarily resident in The Bahamas, permanent residents and work permit holders from gambling in casinos.
But for the first time, this group would be known as "domestic players". They would be permitted to legally gamble in web shops.
In coming up with the new...
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...
Prime Minister Perry Christie Tuesday finally confirmed what I and other informed, discerning Bahamians already knew from day one - there is no actual U.K. consultant report on gambling in The Bahamas; the report Christie told Parliament and the country would be a basis for his government deciding what question(s) would ultimately appear on the December 3 referendum ballot on web sho...
THE government has extended the web shop industry's transition period until an unspecified date, Tourism Minister Obie Wilchcombe confirmed yesterday.