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COULD BERMUDA BE A NEW JURISDICTION
Speculation on whether the North Atlantic island government of Bermuda will decide to offer regulation and licensing to online gambling companies has resurfaced this week in an article in The Royal Gazette, which examines the revenue possibilities using other island ventures in the field as a benchmark.
The article reveals that a $300 000 independent study of various routes by which additional revenues might be
raised has been commissioned by the government and is currently being carried out by the Innovation Group. Internet gaming is one of several alternatives being examined, which include casinos and a national lottery.
The Bermudan Premier's press secretary Glenn Jones, declined to provide any further information pending the results of the study, to which the Premier referred during a BBC interview recently.
In the BBC interview, the Premier announced the imminent start of the study, and said that all aspects of the gambling issue would be thoroughly examined. "We are studying everything from Internet gambling to lotteries," he said.
Former Tourism Minister Renee Webb told the newspaper that she backed the study and supports the legalisation of gambling on the island. "You are not legalising gambling but extending what already exists Island-wide," she said. "I supported a national lottery where the benefits go to education, the arts and other national causes similar to the British lottery."
The newspaper points out that Bermuda has two significant economic bases - tourism and international financial services business - and imports 90 percent of its requirements, hence the need to explore alternative new revenue streams.
Bermuda is a British overseas territory in the North Atlantic ocean, located off the east coast of the United States, and around 1770 kilometres northeast of Miami, Florida. It is the oldest and most populous remaining British overseas territory, settled by England a century before the Acts of Union created the United Kingdom of Great Britain. Although commonly referred to in the singular, the sub-tropical territory consists of approximately 138 islands
Gambling News :
Live Dealer Now At Slotocash -
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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