Beautiful Virgin Islands

Tuesday, Nov 29, 2022

Casinos, Betting Services warned against unlicensed operations in VI

Casinos, Betting Services warned against unlicensed operations in VI

Casinos and betting operators are being warned against unlicensed operations in the Virgin Islands (VI) pursuant to the Virgin Islands Gaming and Betting Control Act, 2020 (“VI Gaming Act”), along with the Proceeds of Criminal Conduct Act, 1997, as amended, and the Anti-Money Laundering Regulations 2008, as amended.

A notice today, September 14, 2022, from the Premier’s Office, indicated that any person operating any casino, gaming and/or betting operations within the Virgin Islands should take note of the laws.

It added that pursuant to section 29 of the Virgin Islands Gaming and Betting Control Act, 2020, a person shall not participate in any aspect of the gaming and betting sectors without first acquiring the necessary licence from the Gaming and Betting Control Commission (“Commission”).

The Gaming and Betting Control Commission is yet to be established.

According to the Speech from the Throne delivered on January 18, 2022, the Government has projected some $5.7M in estimated gaming revenues for 2022.


Unlicenced operations an offence


“Based on the VI Gaming Act, any person undertaking gaming and/or betting operations or providing facilities of any kind for betting or gaming without a licence commits an offence,” the notice reminded.

Earlier in the year, the Government of the Virgin Islands indicated that in 2022, The Gaming and Betting Control Act, 2020, will be implemented to provide for the establishment of the Gaming and Betting Control Commission to regulate the Gaming and Betting Sectors in the VI.

According to the Speech from the Throne delivered on January 18, 2022, the Government has projected some $5.7M in estimated gaming revenues for 2022.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
×