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Web gaming ‘belongs to Bahamians’
ISLAND Luck CEO Sebas Bastian yesterday charged that he would not “cop out” on the gaming industry as he felt ownership belonged in the “hands of Bahamian people”.
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Web shop taxation to be 'retroactive'
THE Christie administration is setting a “dangerous precedent” by effectively overruling the decision of the Bahamian people and forging ahead with legalisation and regulation of web shops, the FNM Opposition charged yesterday.
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Minister ‘excited’ by web shop regulation process
TOURISM Minister Obie Wilchcombe yesterday said the government is in the process of finalising when key elements of the new gaming legislation are to be implemented as web shops transition into regulated operations.
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Bran backs tax hikes on 'toxic' gaming sector
The Democratic National Alliance’s (DNA) ex-leader has given his full backing to the web shop tax hikes, arguing that the industry has “been shown to be toxic” for Bahamian society.Branville McCartney, pictured, renewing his call for a national lotte
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Web shop legalisation ‘fundamentally flawed’
The Grand Bahama Chamber of Commerce’s president yesterday slammed the web shop gaming legalisation process as “fundamentally flawed”, warning it could be “unwittingly” jeopardising the financial services industry.
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Web shops financial crime fear ‘put to rest’
The Gaming Board has “put to rest once and for all” fears that web shops pose a risk to the Bahamian financial system’s integrity, a prominent accountant argued yesterday.
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Gov't can use 75% 'no show' mandate to legalise gaming
The Government can use the fact that 75 per cent of the electorate failed to vote in Monday’s referendum as “a mandate” to legalise web shop gaming, a leading businessman said yesterday, although it is apparently willing to risk potential “turmoil” from shutting the sector down.
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Web shop legalisation 'alters economic order'
A leading businessman believes the legalisation of web shop gaming will be “a game changer” for the Bahamian economy and government finances, and called on ‘legitimised’ numbers operators to help “self-police” the sector.
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Web shops gaining ‘unfair advantage’ in other sectors
Opposition politicians yesterday voiced fears that web shop operators may be using pre-legalisation profits to gain “an unfair advantage” over competitors in other Bahamian industries.
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Web shop chief backs delay in licence bid deadline
THE head of the country’s largest web shop chain has confirmed that the government’s decision to extend the deadline for web shops to submit their bids for licences was due to a “discrepancy on the back taxes and the interpretation of what turnover is”.
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Island Luck in deal for web shop rival
Island Luck is awaiting regulatory approval for the acquisition of the rival Bahama Dreams web shop chain, Tribune Business can reveal, the first consolidation to occur in the newly-legalised industry.
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'Buy Bahamian' initiative critical for 25,000 jobs
Around 45 companies yesterday joined forces in a bid to drive "behavioural change" among Bahamian consumers and help preserve up to 25,000 jobs heading into the Christmas shopping season.
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Briefly
EDITOR, The Tribune. Is Perry Gladstone Christie the prime minister of the Commonwealth of The Bahamas, or is it attorney Wayne Munroe?
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The why and how to legalise web shops
A group of 'Concerned Accountants' set out their template for legalising the webshop sector through proper and independent regulation.
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The web shop dilemma
EDITOR, The Tribune.
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Gaming Board confirms Island Luck acquisition
An Island Luck affiliate has applied for Gaming Board approval to acquire a 65 per cent majority equity stake in the rival Bahama Dreams web shop chain.
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Gov’t permits multiple web shop equity stakes
Web shop owners will be allowed to hold an equity interest in more than one legalised operator, even though the Government wishes to see ownership that is “as broad-based as possible”.
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Gov't: Web shops 'openly admitted' law breaking
Web shops have provided no evidence for their “bold assertion” that they are in compliance with the Business Licence Act, the Government alleging they “openly admitted, on numerous occasions and platforms”, to being involved in illegal gambling.
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Island luck may have no licence - but it’s opened a new web shop
ISLAND Luck celebrated the grand opening of a new web shop location yesterday, even though the government has not yet issued gaming house operator licenses to the ten web shops vying to operate legally.
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Super Value owner: Web shops ‘took 30% from us’ over Xmas
Super Value’s owner yesterday blamed web shops for “taking an average of 30 per cent” of the supermarket chain’s revenues, saying: “It’s devastating the economy.”
