Jamaica passes casino measure
October 20, 2011
Jamaica’s House of Representatives has approved a set of casino regulations that allow for the development of three integrated hotel casino resorts on the island.
Tourism Minister Ed Bartlett told The Gleaner that the Government does not desire a proliferation of casino hotels across the island. He said that influenced the Government's decision to limit the number of licenses to three. Applicants must invest $1 billion and commit to 2,000 hotel rooms.
Meantime, Minister of Finance, Hon. Audley Shaw, said that the regulations are being presented to Parliament at this time in order to facilitate the forward planning of prospective applicants of approved integrated resort developments.
“The regulations, when passed, will signal to prospective developers and investors that we are now ready to receive their application and it is intended that not more than three orders for integrated resort development will be issued,” he stated, according to Jamaica Information Service.
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