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Gov’t projecting $5.7M in gaming & betting revenues for 2022

-as Gaming & Betting Regulations to see implementation this year
The Government of the Virgin Islands will in 2022 be implementing The Gaming and Betting Control Act, 2020, which aims to provide for the establishment of the Gaming and Betting Control Commission to regulate the Gaming and Betting Sectors in the VI. Photo: Internet Source
This was revealed in today’s January 18, 2022, Speech from the Throne which detailed that the legislation will guide the sector at the global and national level, given its vulnerability to infiltration by money launderers and terrorist financing. Photo: GIS/Facebook
This was revealed in today’s January 18, 2022, Speech from the Throne which detailed that the legislation will guide the sector at the global and national level, given its vulnerability to infiltration by money launderers and terrorist financing. Photo: GIS/Facebook
DUFF’S BOTTOM, Tortola, VI – The Government of the Virgin Islands will in 2022 be implementing The Gaming and Betting Control Act, 2020, which aims to provide for the establishment of the Gaming and Betting Control Commission to regulate the Gaming and Betting Sectors in the VI.

This was revealed in today’s January 18, 2022, Speech from the Throne which detailed that the legislation will guide the sector at the global and national level, given its vulnerability to infiltration by money launderers and terrorist financing.

“Towards this end, Gaming and Betting Regulations will be introduced to govern the licensing and operation of businesses engaged in gaming and betting activities in the Virgin Islands,” Governor John J. Rankin, CMG detailed in his Speech from the Throne.

Big $$$ from gaming 

Already, according to the 2022 report of the Standing Finance Committee (SFC) Deliberations of the meetings of November 12, 2021, held at Maria By the Sea, the Fahie Government revenue department is projecting millions in revenues from the sector.

“The Member for the Second District [Hon Melvin M. Turnbull] noted that given the Medicinal Marijuana Bill had not been assented to, he inquired about the anticipated revenue from gaming throughout this fiscal year once everything had been mobilised to allow persons to operate.”

A Policy Analyst from the revenue department then advised that approximately $5.7 Million was estimated for gaming in 2022.

8 Responses to “Gov’t projecting $5.7M in gaming & betting revenues for 2022”

  • Priority #1. (18/01/2022, 16:05) Like (10) Dislike (8) Reply
    Make the Casino at Pier Park a reality....A Casino is a necessity in every tourist striving economy. ..
    • Would it not (18/01/2022, 17:40) Like (15) Dislike (1) Reply
      Be better if they start off with the BVI LOTTERY? PERHAPS SCRATCH OFF TICKETS?
  • the rock (19/01/2022, 01:55) Like (0) Dislike (1) Reply
    Nos the vi national sport horse racing can be a reality!
  • Feasibility (19/01/2022, 04:54) Like (1) Dislike (0) Reply
    VI population is too small to make a VI Lottery viable.
    For gaming I guest there will be a 10% government tax on all winnings plus licensing fees for operators and other trickle down taxes less operational expenses for the commission. Wow!!!
  • Really (19/01/2022, 06:47) Like (8) Dislike (0) Reply
    Yes let’s get all the poor people in the BVI addicted to gambling!!! Great idea as it’s all about the money!!! Who cares about the people.
  • musa (19/01/2022, 08:13) Like (2) Dislike (0) Reply
    Invest in education and agricultural resources that all the bvi need for now
    • the rock (19/01/2022, 18:27) Like (0) Dislike (0) Reply
      This will bring in the funds to move education and agriculture


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