March 13, 2014
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THE numbers industry as Bahamians know it is at a “standstill,” Craig Flowers told The Tribune yesterday, insisting his organisation FML Group of Companies, and others, will not be able to clearly chart a course of survival until the new stamp duty on deposits and digital online sales takes effect.
CRAIG Flowers says he has gone against the grain in opting not to lay off employees because it is not known if his company – FML Group of Companies - will suffer loss due to increased government taxes, which includes a five percent stamp tax on patrons.
BETWEEN 20 to 30 per cent of operators in the web shop industry are operating illegally, robbing the government of potential revenue while threatening to mar the efforts that have been made to legitimatise the industry, web shop bosses say.
A YEAR after the Christie administration issued a provisional licence to eight web shop companies, one pioneer of the gaming industry said there is much to be concerned about, especially the “proliferation” of numbers houses.
THE head of the country’s oldest web shop operation has no plans to lay off workers now that the Gaming Act has come into force.
CRAIG Flowers, CEO of the FML Group of Companies, said yesterday that he would invite smaller webshops to operate under his company if they are unable to meet the regulation requirements the government may put in place.
FML Group of Companies CEO Craig Flowers, with other “casino operators”, are in consultation with the government to craft regulations to govern the webshop industry, lawyer Alfred Sears said yesterday.
TECHNOLOGICAL advancements in the gaming industry has moved one webshop owner to restructure its workforce ahead of the government’s proposal to legalise number houses.