Showing posts with label Bahamas gambling industry. Show all posts
Showing posts with label Bahamas gambling industry. Show all posts

Friday, September 5, 2014

The Bahamas: Gambling with the Country’s Gaming Laws!


Lottery Bahamas


The Christie administration on Wednesday, tabled what was supposed to be a revised version of legislation which will govern the gaming industry in the Bahamas.  The Democratic National Alliance (DNA), like scores of other Bahamians had hoped that the government’s delay in tabling the highly anticipated bill would have resulted in the presentation of a clear, concise set of laws which address issues of transparency within the sector and finally reverse years of discrimination against Bahamians in their own country.

Unfortunately however, the Minister responsible for Gaming tabled a document which not only upheld the status quo but further laid the foundation for greater levels of government corruption while attempting to appease number bosses who were major campaign contributors to the Progressive Liberal Party’s (PLP) election campaign.

The DNA, while not surprised by the government’s decision to discriminate against the country’s citizenry, is appalled by the rank hypocrisy demonstrated by a government which claims to “Believe in Bahamians”.  Just days before the tabling of the bill, the Minister intimated to the local media that the government had taken steps to eliminate all forms discrimination against Bahamians within the sector, however, true to form, the Minister, from the floor of parliament reneged on that promise.

The DNA maintains that NO FOREIGNER should be allowed to do ANYTHING that a BAHAMIAN CITIZEN CANNOT! There should be no laws which give Non-Bahamians privileges which are not enjoyed by the citizens of this country.  If this administration is truly serious about giving credence to the sector ANY CHANGES must first address the issue of discrimination.

How can a government which, in recent weeks, has advocated for equality among the sexes then endorse the continued and objectionable discrimination against Bahamians wishing to participate in casino gaming?  It is not only hypocritical and deceptive but further endangers any efforts by this administration to succeed in securing equal rights for Bahamian women.

The tabling of the gaming bill is a further slap in the face to the tens of thousands of Bahamians who participated in the botched gaming referendum of January 2013 and is a further testament to the inability of the Prime Minister to effectively lead the country.

By choosing to ignore the will of the people on this issue, this administration has created levels of government mistrust never before seen in this country effectively destroying public confidence in the executive and legislative arms of government; and rightfully so.  Since taking office this administration has found itself ill equipped to manage countless conflict of interests, scandals and an overall lack of transparency and accountability within government ministries and departments.

Now, through the gaming legislation, this government seeks to further encourage such corruption by granting the minister unnecessary discretions over the conduct of a national lottery in addition to granting him discretion to set license fees, which according to the minister would provide greater flexibility in the amendment of the fee and/or taxation structures in the future.



The DNA asserts however that such an important decision CANNOT and SHOULD not be left solely to the discretion of any one individual.  We suggest instead that responsibilities be given to an independent body which will oversee the process and ensure transparency in a sector which has for years thrived in opacity.

Branville McCartney
DNA Leader
September 04, 2014

Thursday, May 31, 2012

Sebas Bastian, CEO at Island Luck “web shop” applauds the Progressive Liberal Party (PLP) government for its pledge to address the gambling industry ...arguing that regulation will add revenue to the public treasury


Sebas Bastian


Island Luck calls for end to ‘insane’ contradiction


By Scieska Adderley
Guardian Business Reporter
scieska@nasguard.com


The head of a major “web shop” is applauding the Progressive Liberal Party (PLP) for its pledge to address the gambling industry, arguing that regulation will add revenue to the public treasury.

Sebas Bastian, CEO at Island Luck, said the unregulated gambling industry already generates millions for the local economy each year.  Island Luck, he added, pays out million for salaries, rentals and to the National Insurance Board (NIB) for contributions, contributing $20 million to the local economy.

Island Luck and its more than 3,000 employees already contribute to The Bahamas, and to deem the operation illegal is “insane”, according to Bastian.

“The industry cannot continue to only be recognized as legal when we give out to the community, pay taxes, business license fees, national insurance and [when we are] taken to the labor board.  Yet, we are deemed as illegal on the other hand?  To me, that’s insane,” he said.

In last week’s Speech from the Throne, it was revealed that the PLP government would hold a referendum for the Bahamian people to decide whether a national lottery should be instituted and whether web shop type gaming should be decriminalized.

The issue is controversial in The Bahamas.  Some argue that if properly regulated, legal gaming could be a driver for the economy.  However, the Christian community stands against any move to legalize any form of gambling for Bahamians and legal residents.  Visitors can gamble legally in The Bahamas.

Winston Rolle, CEO of the Bahamas Chamber of Commerce and Employers Confederation (BCCEC), told Guardian Business that if the national lottery and/or web shops are properly regulated, a higher level of tax should be paid to the public treasury by the sector.

“In regulating it, persons should also be looking to ensure that funds generated from it are properly allocated and channeled into specific areas where there are significant economic voids,” Rolle explained.

“My concern would be over the proper structure and regulation so that we are setting up a regime that provides adequate tax returns and that whatever funds that are raised will be utilized to the benefit of the Bahamian people.”

Rolle said that at this point, Bahamians are kidding themselves viewing gambling as being illegal.

Another leader in the web shop business was contacted by Guardian Business on the issue of legalizing the sector.  However, the source declined to comment at this time, saying he will meet with the prime minister shortly on the issue.

For Bastian’s part, he said there should be a recognition that the industry has a positive impact on Bahamians.

“For example, when the Atlantis resort decided to downsize its staff, we at Island Luck employed most of those displaced workers.  Currently, we have more than 3,000 people employed,” he said.

“We payout more than $6 million in rental property, $4 million in national insurance contributions per annum and more than $10 million is spent on utilities like the Bahamas Electricity Corporation (BEC) and Cable Bahamas, along with supplies like paper.  The funds generated are spent locally.”

May 30, 2012

thenassauguardian