The Gambling (Gaming, and Betting) Control Act – designed to prevent money laundering and tax evasion, and to protect the public from dishonest operators – is expected to be proclaimed in January.
There are provisions in the act for funds earned by the Gambling (Gaming, and Betting) Control Commission (GCC) for the treatment of people addicted to gambling.
Delivering the 2024/2025 national budget on September 30, Finance Minister Colm Imbert said the GCC had made “significant progress” in establishing a regulatory framework, having recently concluded public consultations.
Imbert said the commission is now “refining the feedback received,” and will enter a transitional period after the act is proclaimed, when “all gaming establishment operators and owners of gaming machines, under the Liquor Licences Act, must notify the commission of their existence.”
