The Cable: Quality Television, Unlimited Calls to the US & Canada, 2MB High Speed Internet

Connect with WINN FM

Unit C24, The Sands Complex
Newtown Bay Road, Basseterre, St. Kitts, W.I.

Ratings Agency Urges Gambling Reform In Bahamas

(Caribbean News Now):  NASSAU, Bahamas -- Reform of gambling laws in The Bahamas could have a major impact on future stability and revenue growth, according to a top rating agency.

Ed Al-Hussainy, assistant vice president and analyst at Moody's, said domestic gambling legislation pales in comparison to casino regulations. While domestic gambling might have social implications, from a fiscal point of view, updated gambling laws for tourists will have a far bigger role to play in The Bahamas' economic fortune.

He told Guardian Business from New York that these regulations have the ability to provide a "big revenue boost" to a government strapped for cash.

"The bigger picture is casino regulations. I think as they get closer to Baha Mar coming online, that is going to become a much more pressing issue," he explained. "The regulations must be updated, or the country limits its potential."

Read more


Top Local Stories





LISTEN AGAIN

 - WINN FM Evening News - 21st April, 2014

Click below to hear full item

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

- Inside the News Saturday 12th April, 2014

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

- The Bigger Picture with Ken Richards 20th April, 2014

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

-The Operating Room 22nd April, 2014

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Click below to hear full item

Sonia Boddie

- Commentary Sonia Boddie "STD Prevention Begins with you"

Click below to hear full item

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.