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  • Online Gambling in Bermuda

"Government and some of the Island's hotels announced last week – following an exclusive report in (The Royal Gazette) – that they are paying for a feasibility study on the controversial question of gambling in Bermuda.

For years now, some hotels and tourism observers have seen casinos as critical to any sustained recovery in tourism. Now, with tourism arrivals plummeting, it appears government is prepared to at least look at the question.

An examination of the Island's gambling laws is no bad thing. They are a confused mess, with some forms of gambling being legal, while others are banned. The law itself is desperately in need of modernisation, as the Internet and other new developments have revolutionised the world of gaming.

Casinos or lotteries also have the potential of raising substantial revenues for Government without the pain associated with tax increases. This possibility, along with the possibility of raising tourism numbers, will not have escaped Government's notice.

Nonetheless, there are substantial and valid objections to legalised gambling...."

You can play "Crown and Anchor" at Cup Match.  You can play Bingo at your church or organisation.  You can bet the ponies or any sports match.  And some propose to take it even further.  Some would like to see casinos attracting more tourists to the island.  Others say, "NO!"   Our people have a hard enough time making ends meet without losing hard earned, much needed income on frivolous expenditures. 

  • Still, some are talking about bringing online gambling to the island. 
  • Well guess what!?  Online gambling is already here!

"Bermuda to become online gambling hub?"

"Imitation is the sincerest form of flattery and it looks like Bermuda could be following the likes of Costa Rica and Antigua and Barbuda.

According to a report in Bermuda's Royal Gazette the tropical island is giving serious consideration on whether to become an online gambling hub like the aforementioned island nations.

If it did decide to become a center for online gambling, "it would mean gamblers abroad, most likely from the U.S., having their wagers processed in Bermuda — giving the betting companies tax breaks on profits and keeping them out of reach of anti-Internet gambling American authorities," Tim Smith of the Gazette reported.

The move would certainly give an "adrenaline shot" into the local economy.

In 2000, Antigua and Barbuda reported that its online gaming sector contributed $37.5 million to local coffers through taxation and employed in the neighborhood of 3000 people.

But establishing an online gaming sector could come with its headaches too.

The United States passed anti-online gambling legislation back in 2006 and there have been a number of indictments and arrests associated with it.

An online gambling study is said to be in the works."     ~
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