BGLC tackles latest trend in Internet gambling
The Betting, Gaming and Lotteries Commission (BGLC) says it is currently exploring options for regulating Internet gambling in Jamaica.
In a release, the BGLC said that, amid growing popularity in online and mobile gambling worldwide, it is conducting a thorough examination and analysis of the regulatory regimes in other jurisdictions and expects to formulate a position for review by the Ministry of Finance and the Public Service in the upcoming financial year.
"One of the fastest-growing offshoots of Internet gambling globally is fantasy/virtual sports betting. It is especially popular in the United States, India and China, with recorded annual sales in the high billions," the BGLC said in its release.
"Internet gambling and the fantasy/virtual sports betting phenomenon, which is quickly gaining interest in Jamaica, will be explored in detail during the BGLC's upcoming Gaming Industry Summit on Thursday, September 22, 2016 at the Jamaica Conference Centre, beginning at 8:30 a.m."