Virtually every serious study that has ever been done of the economic impacts of casinos shows that their costs far exceed their benefits and that they are a poor use of precious land.
Perry Christie supports online gambling in the country, remarking that it could return over $20 million a year in tax revenues but strong lobby groups in The Bahamas have rejected the concept.
A management team involved in the opening of the largest casino in the world has signed on to lead Baha Mar’s much-anticipated gaming product.
Any proposed gaming legislation presented to Parliament should ensure “fair play” for Bahamians, FNM Leader Dr. Hubert Minnis said.
A proposed new gaming law would allow local casino operators to facilitate online and mobile gambling, but the gaming mafia are not happy with the compromise, calling it “discriminatory”.
Casino gambling in the Caribbean is mainly a tool to enhance the tourism product for existing visitors, complement the tourism experience with additional activities and to induce increased tourism and related revenue.
Former Prime Minister Hubert Ingraham said the government should include casino gaming in the referendum, as Bahamians should have the right to vote on it.
While the Bahamas Christian Council is lashing out at the government over the referendum, some local pastors are calling for the government to outlaw all forms of gambling.
In a bit of pro-web shop propaganda published in the local papers, The Counsellors almost appear to be responding to a Bahamas B2B blog post about the National Lottery.