Trinidad and Tobago Wants to Lift Gambling Ban
The government of Trinidad and Tobago, the South American country which banned gambling 60 years ago, finally decided to open up to the gaming and betting industry and took the first steps to formulate a draft legislation which lift the current gambling ban. Regulatory authorities are saying that the draft could be passed into law by 2015, when the nation will be able to legally gamble once again.
Regulators have had many attempts to regulate the industry, especially since illegal gambling in the country is generating undeclared income which affects government coffers. It is expected that the new leader of the independent party, Anthony Carmona, will bring several changes regarding various social concerns, including illegal gaming and betting activities in the country.
This kind of operations reveal that there is high demand for gambling in Trinidad and Tobago, so whether the industry will be legalized or not, it will be difficult for local authorities to control all unlawful gaming activities in this region. It has been reported that at this point in time, there are more than a dozen unregulated casinos running in the country, along with another 90 private clubs. A properly regulated industry will most surely be beneficial for the nation’s economy by reducing the unemployment rate and supplying tax revenue for government coffers. The gaming software providers at CasinoWebScripts will follow this story closely and provide their readers with the latest gambling news.
BY CASINOWEBSCRIPTS PUBLISHED 16 September 2013