Grenada regulating its gaming sector
Grenada has appointed a gaming commissioner to regulate the sector, Economic and Planning Affairs Minister Oliver Joseph said Tuesday.
Speaking at the weekly Cabinet news conference, Joseph said “the sector is right now unregulated and we will be bringing it under control”.
He said the Keith Mitchell government is aware of slots machines located all over the island including small shops with children under the age of 18 being allowed to play without restriction.
The Gaming Commission Bill, which was approved by Parliament last May, restricts persons under the age of 18 from engaging in gaming activities.
"These one arm bandits as they are called can be found all over the place but now we are putting the structures in place to control that sector. We must bring some order into this gaming sector,” he said.
Joseph said that Assistant Commissioner of Police, Franklin Redhead, has been named as chairman of the Gaming Commission with other members coming from the Grenada Chamber of Industry and Commerce and other stakeholders.
Powers of the Commission include receiving applications for licences; making recommendations to the Minister regarding the approval or refusal of applications for licences and conditions to be attached to licences; making recommendations to the Minister regarding the suspension, revocation or varying of licences where appropriate and maintaining records surrounding the application for, granting of, suspension of, revocation of and varying of licences.
Under the legislation, taxes range from 30 per cent of gross receipts, or EC$250 (One EC dollar =US$0.37 cents) in respect of each gaming machine, while facilities for betting excluding pool betting will be 30 per cent of gross receipts.