Even local transport and private transport may see knock on effect. Visitors traveling for gambling purposes may also require accommodation, food and drink and other forms of entertainment. The introduction of gambling is great news for the wider hospitality industry too. There may also be construction required for new casinos and betting outlets, proving work for people in that sector also. More jobs may come in the form of casino employees and those working in promoting and maintaining these facilities. With an unemployment rate of around three percent in the British Virgin Islands, more job availability is never a bad thing. One economic benefit of this industry will be the creation of new employment opportunities.

High quality casinos and gambling opportunities can attract visitors from all over the world. Gambling has had a hugely positive benefit on several economies around the world, take places such as Los Angeles, Atlantic City or Monte Carlo for example. The key benefits of the industry for the Virgin Islands They also have the aim of preventing any money laundering or financing from criminal organizations. The Commission has been established to grant licences gambling premises allowing them to operate, conduct studies and carry out reports on the industry, impose conditions and carry out reviews on licensees. This new act has made way for the introduction of the new Gaming and Betting Control Commission. 14 – The Virgin Islands Gaming and Betting Control Act, 2020 was published by the government. Lawmakers had considered that if legislation was not passed then gambling activity would continue to take place unregulated and outside of the law. It had long been suggested that there was a huge appetite for gambling within the country and that demand for it would continue to increase. Prior to this change in the law no casinos could legally operate within the country and residents were not allowed to play on online casinos, even if those casinos accepted British Virgin Island players. However, following the introduction of new legislation in the country, gambling has become legalized and regulated, bringing potential new economic growth and new opportunities to the people of BVI. Until very recently, all forms of gambling in the British Virgin Islands were prohibited.

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