Cayman Island Gambling Laws To Be Reviewed

Published Tuesday, December 04, 2018 - Online-Casinos.com
Cayman Island Gambling Laws To Be Reviewed

The lure of warm beaches and sun is a major source of income for many of the small Caribbean islands which also offer gamblers an opportunity to play while on vacation. The Cayman Islands an autonomous British Overseas Territory in the western Caribbean Sea is one of those island paradises. The territory is often considered a major world offshore financial haven for international businesses and many wealthy individuals.

Unfortunately for those seeking to gamble in the Cayman Islands it is strictly forbidden by law to wager. The proposed Gambling (Amendments) Bill 2018 is a plan to update the nation’s gambling laws, which date way back to 1964.  The so called ‘draconian’ changes include  significant increases in both financial penalties and prison sentences for individuals convicted of involvement in illegal gambling businesses. The financial cost of such a conviction would rise from its current $400 to $10 thousand, while the maximum prison sentence would triple to three years.

The customers participating in illegal operations were also facing harsh new punishment including fines of $2,500 which are $10 at present and a tripling of the maximum jail sentence to six months with or without hard labour.

Critical words from Ezzard Miller, leader of the Cayman legislature’s official opposition, claimed the proposed measure will push illegal gambling operations further underground. Miller is calling instead for a policy of regulation and taxation to ensure gambling activities are above board and that the government gets a portion of the revenue.

The criticism has taken some effect with Cayman Islands Attorney General Samuel Bulgin saying the government had “put off amendments to the Gambling Law” in order to provide “time and opportunity for a further review of existing provisions.”

Opposition leader Miller asserts that it will be difficult to enforce the new fines and could lead to “selective enforcement.” Millar noted the prevalence of online gambling and participation in local lotteries as well as those from the USA although none are legal.

 

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