Atlantis: Get a move on with gaming reforms
By ALISON LOWE
Business Reporter
alowe@tribunemedia.net
Branding announcements that Jamaica is set to grant three casino licenses this year as "a big problem" for Bahamian tourism, Kerzner International (Bahamas) top executive has expressed great frustration at the Government's delay in implementing reforms to this nation's gaming regulations.
Speaking to Tribune Business about the wait for the Government to move ahead with reforms proposed by the Bahamas Hotel Association and the Casino Association, George Markantonis, the company's managing director and president, told Tribune Business he finds the entire situation "very frustrating" and warned of the implications for Bahamian tourism.
"It's been over a year. It's very frustrating. This isn't, to me, that difficult. You're only talking about two major casinos and, frankly, every day we are losing ground in the gaming world. We just have some regulations that are annoying to the consumer. It's way easier to go and gamble elsewhere," said Mr Markantonis.
He noted that many of the recommendations "were procedural (and) not sensitive", providing all the more reason why their consideration and implementation could have moved ahead more swiftly.
Meanwhile, Vincent Vanderpool-Wallace, minister of tourism and aviation, told Tribune Business he was now in possession of the final recommendations for reform of the Bahamas' gaming laws and regulations, and hoped to present them to the industry next month.
In an e-mailed response to this newspaper, he said: "I had the final review of the recommendations from the Gaming group with me, and hope to present it for consideration next month. I am not sure how long it will take to change regulations to effect whatever is agreed, but we will advance it as quickly as possible."
Mr Markantonis and other industry chiefs say the changes are necessary to keep the Bahamas competitive as a destination for gamblers.
Mr Markantonis' comments come after Jamaica's minister of tourism, Edmund Bartlett, spoke to the world's media at the recent Caribbean Marketplace tourism trade show, which took place in Montego Bay last week, about his government's "casino dream".
He revealed that Jamaica intends to grant three casino licenses this year and is taking applications for others, with the expectation that each casino could bring in $40 million in revenue to the Government annually.
Mr Markantonis said he sees this development as a "big problem" for the Bahamas, and a "bigger issue" than the fact that the Jamaican government has also just opened a state-of-the-art convention centre - the Caribbean's largest - in Montego Bay in the hopes of gaining a greater share of this lucrative tourism market that the Bahamas, and Atlantis especially, has traditionally benefited from.
"I do think that will be a problem for us - I am not going to hide it. If they do approve all these mega-resort casino licenses there, it's just more casinos coming right on our doorstep.
"We have to keep working on the gaming regulations we have here, make sure they are friendly to the casinos we have here and, at the same time, we have to work on our marketing programs like anything else. You can't just roll over; you learn how to compete in a tougher market," said Mr Markantonis.
Casinos in the Bahamas have suffered significant year-over-year declines in revenue in recent times. Atlantis reported an 8 per cent decline in 2010, while Crystal Palace saw an 18.5 per cent drop. While this is in part because of sluggish tourism levels overall, industry stakeholders have consistently pointed to out-dated gaming regulations as a contributing factor in a narrowing of this nation's competitive advantage.
In March 2009, Robert Sands, then Bahamas Hotel Association president, told this newspaper he believed "radical change" would be needed to gaming regulations if the Bahamas is to maintain a competitive edge against other popular destinations.
When Mr Vanderpool-Wallace last spoke to Tribune Business in October 2010 on the subject of the reforms proposed by the hotel and gaming industry to the sector's regulatory framework, he suggested the proposals were "in front of (him) right now" and under active consideration.
The Minister suggested the Government is looking to marry its own recommendations that it believes will be "even more beneficial" to Bahamian casino gaming with those proposed by the private sector, as it moves to "enhance and hold on to the significant competitive advantages" this nation has.
January 24, 2011
tribune242
A political blog about Bahamian politics in The Bahamas, Bahamian Politicans - and the entire Bahamas political lot. Bahamian Blogger Dennis Dames keeps you updated on the political news and views throughout the islands of The Bahamas without fear or favor. Bahamian Politicians and the Bahamian Political Arena: Updates one Post at a time on Bahamas Politics and Bahamas Politicans; and their local, regional and international policies and perspectives.
Showing posts with label casinos Bahamas. Show all posts
Showing posts with label casinos Bahamas. Show all posts
Monday, January 24, 2011
Wednesday, November 10, 2010
Bahamians who wish to gamble away some of their money in The Bahamas should be allowed to do so by law
Number-Houses Should Pay More
The Bahama Journal Editorial
By way of this commentary, today we insist that those who make it their business to sell numbers or any other games of chance should have their businesses taxed.
Revenues earned by the government could then be made available for socially useful projects. We believe that such a move would go a long way towards helping our society move forward.
While there are Bahamians who think otherwise, we say to them that there is no reason – morally or otherwise based – that would support the conclusion that the views of one fragment of this society could ever become the commonsense and law for the majority.
And so today we reiterate a point previously made when we suggested that, “…Prime Minister, the Rt. Hon. Hubert Alexander Ingraham is surely to be applauded for saying… that his administration might be minded to bring legislation forward that would legalize gambling…”
As we suggested then, “…Such a move would bring an end to an “illicit” industry that makes tens of millions of dollars a year and which employs hundreds; but which contributes little to the general good of the Bahamian people…”
When asked about the effectiveness of laws on the books concerning lotteries and gambling, Mr. Ingraham indicated that, “…The reality is that it is not an enforceable law… There’s a web shop here and a web shop there, all over the island. Abaco is now like a city. [There] are web shops in Abaco, web shops in Bimini, web shops in Exuma. It’s nationwide."
The prime minister also noted that in 1998, the Commission on Crime considered it to be a national scandal that while some of these laws remain on the book they are notoriously flouted.
The prime minister said there are many casinos in The Bahamas – and he wasn’t referring to the one on Paradise Island, the one in Cable Beach, or any of the other legally operating casinos in The Bahamas.
"The reality is, Mr. Speaker, either change the law or you enforce it."
We agree.
We go further by suggesting that, gambling – whether legally or illegally conducted – is big business in The Bahamas.
It is also a fact of life in The Bahamas that there are people who do not and will not gamble whether every legal impediment is moved now, later or never.
This is so because they consider the matter wrong and not in their best interest. Interestingly, this logic applies to other types of morally wrongful behaviour.
Here we might use as an example that steamy sin that comes with the label adultery. The truth is that while this activity is sinful, it has not been criminalized; and we say, rightfully so.
By the same logic, those people who wish to gamble should be able to do so without fearing that they might – on some given day- be locked up.
In addition, there is no gainsaying the fact that, gambling – as it currently exists – does not provide the government as much money as it might.
It is also a fact of life in this country and in a slew of others around the world, that gambling is a national past-time. For some Bahamians, playing numbers has become a most welcome past-time.
We are told that there are clergy, police officers, lawyers, teachers, secretaries and a host of other so-called ordinary Bahamians who just love to gamble.
Clearly, most of these people wager for the fun of it all.
And so, the fact remains that, once given even half a chance, there are very many people who are prepared to spend some of their hard-earned money on gambling and games.
Some of these people play these games for the sheer fun of it; while there are some others who play to win; but no matter why they do so, there are people who pay –as they say- to play.
Popular lore is rife with anecdotes concerning how this or that person struck it rich after playing their favorite number or who might have won a little fortune by playing the Power-ball.
But even as we take note of these facts of life; there are other stories that turn on some of gambling’s supposedly deleterious side-effects; with these supposedly inclusive of any number of challenges facing families as they try to balance their family budgets.
In addition, we know it for a fact that, there are some religiously inclined Bahamians who decry this national past-time; this because they believe that it is a bane and an outright evil.
While these people do have a right to their views; they should also reason and thereafter understand that, they too are called to recognize that, Caesar is to be paid in his own coin.
And for sure, Bahamians who wish to gamble away some of their money should be allowed to do so.
November 11th, 2010
The Bahama Journal Editorial
The Bahama Journal Editorial
By way of this commentary, today we insist that those who make it their business to sell numbers or any other games of chance should have their businesses taxed.
Revenues earned by the government could then be made available for socially useful projects. We believe that such a move would go a long way towards helping our society move forward.
While there are Bahamians who think otherwise, we say to them that there is no reason – morally or otherwise based – that would support the conclusion that the views of one fragment of this society could ever become the commonsense and law for the majority.
And so today we reiterate a point previously made when we suggested that, “…Prime Minister, the Rt. Hon. Hubert Alexander Ingraham is surely to be applauded for saying… that his administration might be minded to bring legislation forward that would legalize gambling…”
As we suggested then, “…Such a move would bring an end to an “illicit” industry that makes tens of millions of dollars a year and which employs hundreds; but which contributes little to the general good of the Bahamian people…”
When asked about the effectiveness of laws on the books concerning lotteries and gambling, Mr. Ingraham indicated that, “…The reality is that it is not an enforceable law… There’s a web shop here and a web shop there, all over the island. Abaco is now like a city. [There] are web shops in Abaco, web shops in Bimini, web shops in Exuma. It’s nationwide."
The prime minister also noted that in 1998, the Commission on Crime considered it to be a national scandal that while some of these laws remain on the book they are notoriously flouted.
The prime minister said there are many casinos in The Bahamas – and he wasn’t referring to the one on Paradise Island, the one in Cable Beach, or any of the other legally operating casinos in The Bahamas.
"The reality is, Mr. Speaker, either change the law or you enforce it."
We agree.
We go further by suggesting that, gambling – whether legally or illegally conducted – is big business in The Bahamas.
It is also a fact of life in The Bahamas that there are people who do not and will not gamble whether every legal impediment is moved now, later or never.
This is so because they consider the matter wrong and not in their best interest. Interestingly, this logic applies to other types of morally wrongful behaviour.
Here we might use as an example that steamy sin that comes with the label adultery. The truth is that while this activity is sinful, it has not been criminalized; and we say, rightfully so.
By the same logic, those people who wish to gamble should be able to do so without fearing that they might – on some given day- be locked up.
In addition, there is no gainsaying the fact that, gambling – as it currently exists – does not provide the government as much money as it might.
It is also a fact of life in this country and in a slew of others around the world, that gambling is a national past-time. For some Bahamians, playing numbers has become a most welcome past-time.
We are told that there are clergy, police officers, lawyers, teachers, secretaries and a host of other so-called ordinary Bahamians who just love to gamble.
Clearly, most of these people wager for the fun of it all.
And so, the fact remains that, once given even half a chance, there are very many people who are prepared to spend some of their hard-earned money on gambling and games.
Some of these people play these games for the sheer fun of it; while there are some others who play to win; but no matter why they do so, there are people who pay –as they say- to play.
Popular lore is rife with anecdotes concerning how this or that person struck it rich after playing their favorite number or who might have won a little fortune by playing the Power-ball.
But even as we take note of these facts of life; there are other stories that turn on some of gambling’s supposedly deleterious side-effects; with these supposedly inclusive of any number of challenges facing families as they try to balance their family budgets.
In addition, we know it for a fact that, there are some religiously inclined Bahamians who decry this national past-time; this because they believe that it is a bane and an outright evil.
While these people do have a right to their views; they should also reason and thereafter understand that, they too are called to recognize that, Caesar is to be paid in his own coin.
And for sure, Bahamians who wish to gamble away some of their money should be allowed to do so.
November 11th, 2010
The Bahama Journal Editorial
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