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.
Just as we have, Dr Munroe must also have had cause for concern about how gambling money could possibly corrupt a system. Hence his insistence on a well regulated national lottery with the closure of all webshops.
The head of the Clearing Banks Association said it is “difficult to anticipate” what the reaction of key international bodies and the United States will be to the government’s plan to regularize the web shops.
The government’s projected revenue forecast of $12 million from taxing web shops only plays into the narrative that it is paying back web shop bosses, Fort Charlotte MP Dr. Andre Rollins said yesterday.
As Yogi Berra said, “It’s like deja-vu, all over again”, as the PLP gets set to repeat the mistakes of the drug-fueled 1980s, when they basically legalized criminality… and we are still suffering the consequences of that.
“Dire consequences” for the financial sector and the Bahamian economy could result from a perception among international agencies monitoring issues of money-laundering and terrorist financing that The Bahamas is being “lax” in its handling of web shops.
Former PLP minister A. Loftus Roker says that the current group of PLP politicians is an indisciplined and disorganized bunch, and Perry Christie should resign for his million-dollar mistake in bringing the January 2013 gambling referendum to the public.
The big-mouthed criminals known as the Numbers Mafia are choking on their own vomit this morning, as it is revealed that they owe the government over $700 million in past-due taxes.
After a resounding ‘No’ vote in the referendum, Prime Minister Christie declared that offending webshop owners and their gaming operations, including all online gaming and the numbers games, must cease with immediate effect.