Key Cayman Islands Lawmaker Slams Tougher Illegal Gambling Penalties - W88club

Key Cayman Islands Lawmaker Slams Tougher Illegal Gambling Penalties

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Key Cayman Islands Lawmaker Slams Tougher Illegal Gambling Penalties

Category : Events & Reports

Norwegian TV Host Sues Gaming Innovation Group over Failed Collab
Posted on Thursday November 01, 2018

Popular television personality claims he has reached a verbal agreement entitling him to 3.4 million shares now worth NOK10 million Popular Norwegian TV presenter Hallvard Flatland says he is entitled to 3.4 million shares in online gambling group Gaming Innovation Group (GIG) under a verbal agreement with company officials back in 2015. The company is

The post Norwegian TV Host Sues Gaming Innovation Group over Failed Collab appeared first on W88club.

Key Cayman Islands Lawmaker Slams Tougher Illegal Gambling Penalties
Posted on Thursday November 01, 2018

Opposition leader proposes alternative approach toward addressing gambling-related issues The Cayman Islands government opposition leader has criticized the recently introduced Gambling (Amendment) Bill 2018 that calls for the implementation of higher fines and longer prison terms for individuals conducting and engaging in illegal gambling services. Opposition leader Ezzard Miller has called the measure “draconian” and

The post Key Cayman Islands Lawmaker Slams Tougher Illegal Gambling Penalties appeared first on W88club.

Opposition leader proposes alternative approach toward addressing gambling-related issues
The Cayman Islands government opposition leader has criticized the recently introduced Gambling (Amendment) Bill 2018 that calls for the implementation of higher fines and longer prison terms for individuals conducting and engaging in illegal gambling services.

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Opposition leader Ezzard Miller has called the measure “draconian” and has further pointed out that it represented another attempt of the government to “find a solution for the wrong problem”, local news outlet the Cayman News Service reported.

Lian Liu Takes Down WSOP Circuit Harveys Lake Tahoe Turbo Event for Debut Gold Ring
Posted on Thursday November 01, 2018

Lian Liu outlasts 227 entrants to claim his first WSOP Circuit title Lian Liu won his debut WSOP Circuit gold ring after surviving the field of the $400 No-Limit Hold’em Turbo event at Harveys Lake Tahoe Casino. Aside from the jewelry piece, the poker pro also took home $18,733 for his efforts. The tournament was

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Churchill Downs Acquires Majority Stake in Rivers Casino Des Plaines
Posted on Thursday November 01, 2018

Churchill Downs acquires “crown jewel of Illinois gaming” in latest acquisition deal within the US land-based casino space Gambling company Churchill Downs Incorporated announced on Wednesday that it has reached an agreement to buy a majority stake in Rivers Casino Des Plaines in Des Plaines, Illinois. The transaction involves Churchill Downs’ acquisition of “certain of

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Norwegian TV Host Sues Gaming Innovation Group over Failed Collab
Posted on Thursday November 01, 2018

Popular television personality claims he has reached a verbal agreement entitling him to 3.4 million shares now worth NOK10 million Popular Norwegian TV presenter Hallvard Flatland says he is entitled to 3.4 million shares in online gambling group Gaming Innovation Group (GIG) under a verbal agreement with company officials back in 2015. The company is

The post Norwegian TV Host Sues Gaming Innovation Group over Failed Collab appeared first on W88club.

The provision of gambling services on the territory of the Cayman Islands is prohibited under the current law. It is also important to note that the law has not been amended since it was first introduced in the early 1960s.

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Saturday October 13, 2018

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Mr. Miller has pointed out that the global and national gambling landscape has changed significantly since the 1960s and a lot of people are now gambling online or playing US lotteries, thus circumventing the existing ban. The lawmaker has also noted that the government should not be looking to crack down on something that is difficult to be policed fairly and should instead address gambling-related issues in a different manner.

Casino Boss Tilman Fertitta Reportedly Approaches Caesars with Merger Offer
Posted on Thursday October 18, 2018

Another massive merger and acquisition deal within the US casino industry could be around the corner A fresh round of industry buzz from Wednesday suggested that billionaire casino boss Tilman Fertitta has approached Caesars Entertainment Corp. about merging the Las Vegas casino giant with his own Golden Nugget casino group. Sources told the CNBC on

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Majority of New Gambling Accounts in Sweden Registered with International Operators, Report Finds
Posted on Wednesday October 17, 2018

Off-shore gambling operators have proved particularly popular with Swedish gamblers over the past year Accounts registered with international online gambling operators represent 60% of all online gambling registrations made over the past 12 months in Sweden, local consultancy firm Mediavision reported earlier today. The firm also found that nearly 60% of all Swedes aged between

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Mohammed Nuwwarah Takes Down WSOP Circuit Horseshoe Hammond $600 H.O.R.S.E.
Posted on Wednesday October 17, 2018

Nuwwarah captures debut WSOP Circuit title on his 32nd birthday Mohammed Nuwwarah, an Omaha, Nebraska resident with solid poker background, won last night the $600 buy-in H.O.R.S.E. that played as part of the ongoing WSOP Circuit Horseshoe Hammond series. The player captured a gold ring and a cash prize of $14,008 after besting 95 like-minded

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The Gambling (Amendment) Bill is set to be debated in the Legislative Assembly later this month. Under the piece of legislation, people caught to be conducting gambling activities as well as ones caught to be gambling illegally would be subject to tougher penalties and longer prison sentences.


Thursday January 01, 1970

Those Who Can Least Afford It
According to Mr. Miller, those members of the society that can least afford it would be the main target of the proposed clampdown. The lawmaker stressed on the fact that it is usually the poorest who engage in gambling activities or provide gambling activities in hopes to win or to earn quick money. Instead of launching a “draconian measure” that targets the “wrong problem”, Mr. Miller has proposed the regulation of certain gambling services, including the highly popular lotteries so that gamblers can wager money in a regulated environment and avoid black market operations.
Recent studies argue that the current Cayman Islands gambling landscape nurtures a thriving black market industry and contributes to a growing number of gambling-related crimes. Mr. Miller has noted that gas stations, local stores, and even barber shops are selling lottery tickets, commonly known as numbers across the Cayman Islands, but instead of punishing people buying those tickets, the businesses that sell them should be penalized.

As a possible solution to the pressing issues, the lawmaker has proposed the legalization of lotteries and their taxation. Proceeds from the provision of lottery services could be contributed to education and other good causes, Mr. Miller has said. He has suggested 30% as a reasonable rate and has said that the revenue generated could be put to good use and could benefit society in different ways.
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