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The minister, who was addressing the official opening of the new headquarters for the betting, gaming and lotteries commission (BGLC) and the jamaica racing commission (JRC), on hagley park road, thursday, said over the past year, revenues from the industry had increased by 11 per cent, and it must remain regulated.

“we must have a well regulated industry which is free from criminal intrusion, an industry that does not become a vehicle for money laundering, and an industry which is wholesome in the way that it operates,” the minister said.

Lauding the BGLC for its innovation, dr phillips said the innovation was not only in policing the industry, “but also trying to ensure that we bring more activities taking place within the ambit of legality, rather than allowing them to exist in the underworld of unregulated activities.”

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The government is currently making legislative amendments to merge the BGLC and the JRC, for a fully funded authority to oversee gaming and horse racing. The new headquarters will result in savings of over $300 million.

Also welcoming the new office complex was opposition spokesman on finance audley shaw, who told the gathering that as former finance minister, he made the decision to purchase the property, so that a very important aspect of recommendations made by the public sector transformation body could have been realised.

The JRC was established in december 1972 to oversee the horse racing industry. Its planned merger with the BGLC, which regulates and controls the operations of betting and gaming, and the conduct of lotteries in the island, has been under consideration for many years.

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Related articles

• new regulations for jamaican gaming…

• youtube targets gamers with new…

• still divided over internet gaming…

The minister, who was addressing the official opening of the new headquarters for the betting, gaming and lotteries commission (BGLC) and the jamaica racing commission (JRC), on hagley park road, thursday, said over the past year, revenues from the industry had increased by 11 per cent, and it must remain regulated.

“we must have a well regulated industry which is free from criminal intrusion, an industry that does not become a vehicle for money laundering, and an industry which is wholesome in the way that it operates,” the minister said.Money laundering amount

Lauding the BGLC for its innovation, dr phillips said the innovation was not only in policing the industry, “but also trying to ensure that we bring more activities taking place within the ambit of legality, rather than allowing them to exist in the underworld of unregulated activities.”

The government is currently making legislative amendments to merge the BGLC and the JRC, for a fully funded authority to oversee gaming and horse racing. The new headquarters will result in savings of over $300 million.

Also welcoming the new office complex was opposition spokesman on finance audley shaw, who told the gathering that as former finance minister, he made the decision to purchase the property, so that a very important aspect of recommendations made by the public sector transformation body could have been realised.

The JRC was established in december 1972 to oversee the horse racing industry.Money laundering amount its planned merger with the BGLC, which regulates and controls the operations of betting and gaming, and the conduct of lotteries in the island, has been under consideration for many years.

JOIN THE DISCUSSION

Dos and donts

Welcome to our discussion forum here on nationnews.Com. We encourage lively debate, but we also urge you to take note of the following:

Stay on topic – this helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.

Be respectful – meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.

Do not type in capitals – in addition to being considered “shouting” it is also difficult to read.

All comments will be moderated – given the volume of comments each day, this may take some time. So please be patient.Money laundering amount

We reserve the right to remove comments – comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.

Reproduction of comments – some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.

Do not advertise – please contact our advertising department.

Contact our online editor if you have questions or concerns.

Read our full commenting policy and terms of use.

Please enable javascript to view the comments powered by disqus. Comments powered by disqus