Beautiful Virgin Islands

Thursday, Sep 18, 2025

Electronic gambling will significantly boost VI's tourism earnings– Hon Fahie

Electronic gambling will significantly boost VI's tourism earnings– Hon Fahie

Premier and Minister of Finance Honourable Andrew A. Fahie (R1) is betting on a future of electronic gaming in the Virgin Islands (VI) to significantly boost tourism revenues, while at the same time providing new economic opportunities for Virgin Islanders in areas of entrepreneurship and technical skills.

Premier Fahie laid out the plan while presenting the Second Reading of the Gaming and Betting Control (Amendment) Act 2020, at the continuation of the 12th Sitting of the 3rd Session of the 4th House of Assembly (HoA) at Save the Seed Energy Centre on Thursday, September 23, 2021.

The act seeks to regulate gambling and other proposed online gaming activities.

Premier Fahie laid out the plan during presenting the Second reading of the Gaming and Betting Control Amendment Act 2021, at yesterday’s Thursday, September 23, 2021, House of Assembly (HoA) with the act seeing seeking to regulate gambling and other proposed online gaming activities.


Amendments provide for clarity on electronic gaming


The amendment to the original legislation, he said, will make some adjustments to accurately reflect what is intended as it relates to electronic gaming and its legality in the VI.

“The gaming industry in the Virgin Islands [once] properly regulated, presents a lot of opportunities for our people. It is a valuable opportunity to add to our offerings to tourist visitors and to significantly increase our earnings from tourism activities.”

Hon Fahie continued, “People are asking for economic opportunities, they [are] asking for jobs, they want to work and this is an opportunity to help them in that regard,” he said.

The Premier recalled that after decades of ‘talks’ about expanding the economy, his administration is taking a chance to do just that.

“This is an opportunity that contributes positively to the growth of the businesses in the Virgin Islands and to help also broadened economic base. It is an opportunity to add new economic streams so that we reduce our systemic risk from being too reliant on two economic drivers of tourism and financial services,” he said.

In his remarks on the amendments, the Premier said the people of the VI wants action now. “They deserve action! Do let us act in their interests," he underscored while advocating for the support of the bill from elected members of the House.

Revenues will contribute to socio-economic programmes - Premier


While the parent legislation, the Gambling (Gaming and Betting) Control Act, 2020, was the first to introduce legalised gaming and betting as a viable alternative revenue initiative and further seeks to outline a robust framework to regulate such activities, Premier Fahie said the amendment to the act will also be strong.

“Both the parent act and this proposed amendment present strong barriers to undesirable activities such as money laundering and terrorist financing. There's no need for alarm where these issues are concerned,” he said.

Hon Fahie further indicated that revenues will also likely come from the initiative to assist in the funding of necessary agencies to develop programmes that can counteract potential socio-economic ills, thereby reducing this sole financial responsibility of the central government in those matters.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Hong Kong Industry Group Calls for HK$20 Billion Support Fund to Ease Property Market Stress
Joe Biden’s Post-Presidency Speaking Fees Face Weak Demand amid Corporate Reluctance
Charlie Kirk's murder will break the left's hateful cancel tactics
Kash Patel erupts at ‘buffoon’ Sen. Adam Schiff over Russiagate: ‘You are the biggest fraud’
Homeland Security says Emmy speech ‘fanning the flames of hatred’ after Einbinder’s ‘F— ICE’ remark
Charlie Kirk’s Alleged Assassin Tyler Robinson Faces Death Penalty as Charges Formally Announced
Actor, director, environmentalist Robert Redford dies at 89
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
JD Vance Says There Is “No Unity” with Those Who Celebrate Charlie Kirk’s Killing, and he is right!
Trump sues the 'New York Times' for an astronomical sum of 15 billion dollars
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
Tens of Thousands of Young Chinese Get Up Every Morning and Go to Work Where They Do Nothing
The New Life of Novak Djokovic
The German Owner of Politico Mathias Döpfner Eyes Further U.S. Media Expansion After Axel Springer Restructuring
Suspect Arrested: Utah Man in Custody for Charlie Kirk’s Fatal Shooting
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
×