PM Says Money Could Be Funnelled Into Public Purse
By KHRISNA VIRGIL
IF BAHAMIANS say “yes” to the legalisation of web shop gaming in the country, tax revenues ranging from $15 to $20 million a year could be funnelled into the public purse, Prime Minister Perry Christie announced yesterday.
In addition, web shop chiefs, Mr Christie said, could face up to $1 million in licensing fees coupled with a performance bond in a bid to award certification to a small number of licensees.
November 02, 2012