The Government Of The Cayman Islands Postpones The Tightening Of Gambling Legislation
The governments of the cayman islands is postponing plans to islanduce a system of tightening fines for unauthorized gambling business, as well as a revision of legislation regulating gambling.
The prosecutor general of cayman islands samuel balgin made a brief statement that the government postponed the amendments to the law «about gambling», to consider the necessary innovations in more detail.
The prosecutor general did not give specific reasons why the amendments to the law «about gambling», adopted back in 1964, must be postponed.
The head of the opposition of the ezzard miller, resolutely configured against the adoption of editors, said that such measures would only exacerbate the situation in the gambling market and contribute to the organization of the shadow market. Miller, on the contrary, stands for a policy of moderate regulations for the functioning of gambling business and gradually reduce the size of the profit of gambling operators.
The changes proposed a significant increase in the size of fines and imprisonment for persons convicted of participation and organization of illegal gambling business. Maximum deprivation period – 3 years, and the size of a fine will increase to $ 10 thousand.
The statement of the main prosecutor emphasized that legislative delay in no way cancels the current legislation and especially does not mean the legalization of gambling business.
The players on the cayman islands are not able to legally take part in gambling, despite the fact that in other countries of the caribbean there are legal casinos.
The legislators of the islands from time to time are considering the possibility of creating a national lottery in order to compete and eradicate illegal lottery operators.
Earlier it was reported that cayman islands tighten gambling legislation.