Bermuda regulator’s reports show efforts to resolve casino industry roadblock
Regulation · 2024-07-07

Bermuda regulator’s reports show efforts to resolve casino industry roadblock

Failed efforts by the Bermuda Gaming Commission to solve the banking issues that have held up the launch of a casino industry are described in newly released annual reports.

David Burt, the Premier, finally tabled the publicly funded regulator’s reports for 2020 to 2023 in the House of Assembly last Friday, after falling behind in sharing them with taxpayers.

They shed some light on how the commission has tried to get banks to handle casino transactions — a necessity for the sector to get up and running — but even the most recent report, for 2022-23, is out of date.

It describes how amendments were made to the Gaming Act in early 2023 to make the commission’s governance structure similar to the Bermuda Monetary Authority.

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