Trinidad and Tobago is about to introduce an appropriate legal framework to control the gambling industry when casino regulation is on the brink. To do this, the government must also establish a gambling regulator, which is to monitor gambling operations. As the first step in the bill, 12 JSC officials have already proposed establishing a so-called Gambling Control Committee, which has the task of introducing a licensing system and minimizing the possibility of illegal activities.
The establishment of a gambling control committee is expected to be possible by next year, and by this time, it seems that the preliminary contents should already be organized. Prior to the establishment of the regulatory body, the JSC called for a public hearing to be held to discuss with stakeholders expected to comment on the anti-speculation bill.
In addition to the establishment of regulatory bodies, we would like to introduce a legal framework and strict licensing requirements, which is done after the establishment of the Gambling Control Committee.
The Joint Select Committee was created earlier this year and has the task of 12 members to outline and consider the Gambling Regulation Bill. Chancellor of the Exchequer Colm Imbert, who is also chairman of the committee, declined to give details regarding the current phase of the bill in an interview with Business Express.
Senator Wade Mark of the JSC said the committee is expected to hold a meeting before lawmakers return for the next congressional session to be held on Sept. 6.
Trinidad and Tobago’s gambling sector remained unregulated for years. This has not prevented the development of the casino industry, which is currently thriving in the Caribbean country. As a witness to the industry’s prosperity, in 2014, state officials began to see opportunities to regulate and tax casinos.파워볼게임
Casino trade is perceived to have the potential to generate robust income and boost the national economy, and now, officials are trying to introduce consistent policies to control gambling operations. By regulating gambling transactions, the government will ensure a stable financial income, as well as a fair gaming environment for players and more job creation.