Welcome!

News Feed Item

New Gaming Regulations Would Put The Bahamas At Leading Edge Of Global Casino Industry

Parliament Tables Broad Update That Would Legalize Internet, Mobile Gaming; Casinos Would Offer Global Players World-Class VIP Services, In-Play Sports Wagering

NASSAU, The Bahamas, Sept. 3, 2014 /PRNewswire/ -- Baha Mar Ltd. today applauded the Parliament of the Commonwealth of The Bahamas for tabling a sweeping revitalization of the country's gaming regulations, the first such major update since Bahamian casinos were legalized in 1969.

The regulatory changes would allow Bahamian casinos to offer international travelers the latest gaming-industry amenities, including Internet, interactive and mobile gaming; in-play sports betting; and proxy wagering.

The new regulations would help to expand The Bahamas' international tourism industry, which accounts for approximately 55 percent of all Bahamian jobs and nearly half of the country's Gross Domestic Product. The changes also would help Baha Mar, the $3.5 billion integrated gaming resort, become a greater driver of the Bahamian economy upon its Grand Opening in late Spring 2015. Once tabled, the bill will be debated in Parliament before being put to a vote.

Baha Mar, which has worked with other casino operators in the collaborative public- and private-sector effort to modernize The Bahamas' gaming laws, thanked Prime Minister Perry G. Christie and the Government for taking a major step in expanding The Bahamas' international tourism business. The proposed changes would generate new Bahamian jobs; stimulate private investment; and support the Government's investment of hundreds of millions in tourism infrastructure, including a $409 million airport expansion, enhanced cruise-ship facilities and roadwork improvements.

"These regulatory updates would provide The Bahamas and Baha Mar with a sustainable competitive advantage, which is vital for an economy driven by international tourism," Sarkis Izmirlian, Baha Mar's Chairman and Chief Executive Officer, said. "The Bahamas has long been known as a stable gaming jurisdiction, and these new regulations would put us on a level playing field with the world's most successful casino markets such as Las Vegas, Singapore and Macau. The regulations also would allow us to offer private VIP gaming salons, enhanced lines of credit, gaming junkets and other amenities vital to attracting affluent international casino customers."

Paul V. Pusateri, Baha Mar's Chief Operating Officer, said, "The new regulations and laws would enhance Baha Mar's ability to generate strong gaming revenues. Technology-driven amenities such as internet gaming, mobile gaming and in-play sports betting will help differentiate The Bahamas in the highly competitive gaming sector. They definitely will help Baha Mar attract players from the Eastern United States, Latin America, Asia and other markets that will be important to our success."

Highlights of the proposed new regulations include:

-         Proxy wagering: Allows casino licensees that are licensed on or before 1 February 2015 and are part of a resort hotel to operate remote wagering and proxy wagering systems.  Allows players to place a bet without physically being on site, via proxy and technical aids.

-         Mobile gaming: State-of-the-art technology will allow players to wager via mobile gaming devices from anywhere on the campus of a licensed casino facility.

-         Internet gaming: Allows players to wager online.

-         Enforcement of gaming debt: Allows a streamlined process for enforcement of all debts incurred by gaming activities at a licensed casino. Expedites process by which licensed operators can collect debts from patrons once they leave the jurisdiction.

-         In-play sports betting: Using new technology, allows casinos or their partners to accept wagers on an event after the game has started and remains underway.

-         Responsible gaming: As part of sound public policy, requires each licensed casino to adopt a responsible-gaming plan and raise public awareness of problem gaming.

About Baha Mar

Baha Mar is set on 3,000 feet of white sandy beach just 10 minutes from Nassau's fully renovated and expanded international airport.  It will feature an elite collection of hotel brands with gaming, entertainment, private residences, shopping and natural attractions that reflect an authentic Bahamian experience. The resort's Grand Opening celebration is planned for Spring 2015.  The Baha Mar Casino & Hotel, managed by Global Gaming Asset Management, includes a 1,000-room hotel and a 100,000-square-foot Las Vegas-style casino. Baha Mar also will include a 700-room Grand Hyatt, a 300-room SLS LUX, and a 200-room Rosewood.  Amenities will include a Jack Nicklaus Signature golf course; 200,000 square feet of flexible convention facilities, including a 2,000-seat entertainment venue; an ESPA spa; art galleries featuring Bahamian art; more than 40 restaurants, bars and clubs; global luxury designer and local artisan boutiques; and 20 acres of exquisitely landscaped beach and pool experiences, including a beachfront sanctuary with native Bahamian flora and fauna. In addition, upon completion of renovations, the all-inclusive Melia Nassau Beach will become part of Baha Mar.  For more information or to sign up for previews starting in December 2014, please visit www.bahamar.com.

SOURCE Baha Mar Ltd.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...