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 Nassau Guardian. "Hopefully after it's laid we will begin the debate."
The House will meet on July 2.
The Gambling Bill was tabled in Parliament last October, but the government's decision to regularize and tax web shops has delayed the process of debating and passing the bill.
Wilchcombe previously announced the government would bring the Gaming Bill and web shop regulations to Parliament at the same time.
Wilchcombe said yesterday that much work went into revising the bill and drafting the web shop regulations.
"We've had a lot of consultants working on it, international consultants and local consultants," he said.
"We have had to meet with all of the players in the game whether it was casino operators or web shop operators. We've had to meet with banks and we had to meet and talk with our representatives from international agencies, who are concerned about money laundering and how the web shops are used or abused.
"What we wanted to do is ensure that when we get to the table we have a piece of legislation that, one, ensures the integrity of gaming in The Bahamas and two, ensures that there is a relationship that can be had and there is a co-existence with web shop operators and casino operators and there is no clash."
As for the rate of taxation, Wilchcombe said that determination will be made by next week.
"We have to base our earnings on their earnings, so we're looking at that and then we will determine the number of web shop licenses to be given together with whatever the tax is and also the penalty.
"There will be a penalty for illegal operation, when it was illegal. So we have to penalize them for about six years. And all of that is a part of what we're doing."
Wilchcombe said the government is also determining a period of closure for web shops.
He recommended that web shops be made to close before the regularization period begins. However, he said he has faced some opposition to that.
"The web shop consultants are suggesting that it's not necessary," he said. "We're weighing it right now."
It is projected that the government will take in about $12 million in web shop taxes.
Minister of State for Finance Michael Halkitis said the figure is based on conservative projections.
Despite the projection, Wilchcombe said, "I know we're going to have an industry that is going to pay dividends".

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