Casino Gaming Act-Jamaica
The signing into law last May of Jamaica’s casino legislation now paves the way for private investments in large-scale integrated casino hotels on the island, that should catapult Jamaica to the pinnacle of Caribbean tourist destinations.
Jamaica’s House of Representatives has approved two sets of casino gaming regulations dealing with applications, and the games and manner of operations.
The Casino (Application for Declaration of Approved Integrated Resort Development) regulations 2011, which allows for the smooth management of casinos, are guided by Section nine of the Casino Gaming Act, which stipulates the number of hotels to be contained in the integrated resort development, including room stock; the manner in which the developer proposes to operate the development; the financing to be applied to the establishment and operational maintenance; and the economic effects of the operation.
The regulations include the form of application for declaration as an approved integrated resort development, with guidance notes as to required contents; and a personal history disclosure form, which is to be completed by each individual holding five per cent or more of the voting capital of the applicant, the chief executive officer of the applicant, each director of the applicant, every other officer and senior employee of the applicant, and any individual, who is expected to operate any major component of the integrated resort development.
There is also a business entity disclosure form, which is to be completed by each business entity holding five per cent or more of the voting share of the applicant.
As it pertains to the Casino Gaming (Prescribed Games) regulations 2011, which falls under Section 72 of the Casino Gaming Act, the Casino Gaming Commission is empowered to make regulations for the licensing and operations of casinos with the minister’s approval. The regulations indicate to prospective applicants, the games and the manner of their operation that will be deemed to constitute casino gaming.
The signing into law last May of Jamaica’s casino legislation now paves the way for private investments in large-scale integrated casino hotels on the island, that should catapult Jamaica to the pinnacle of Caribbean tourist destinations.
Jamaica’s House of Representatives has approved two sets of casino gaming regulations dealing with applications, and the games and manner of operations.
The Casino (Application for Declaration of Approved Integrated Resort Development) regulations 2011, which allows for the smooth management of casinos, are guided by Section nine of the Casino Gaming Act, which stipulates the number of hotels to be contained in the integrated resort development, including room stock; the manner in which the developer proposes to operate the development; the financing to be applied to the establishment and operational maintenance; and the economic effects of the operation.
The regulations include the form of application for declaration as an approved integrated resort development, with guidance notes as to required contents; and a personal history disclosure form, which is to be completed by each individual holding five per cent or more of the voting capital of the applicant, the chief executive officer of the applicant, each director of the applicant, every other officer and senior employee of the applicant, and any individual, who is expected to operate any major component of the integrated resort development.
There is also a business entity disclosure form, which is to be completed by each business entity holding five per cent or more of the voting share of the applicant.
As it pertains to the Casino Gaming (Prescribed Games) regulations 2011, which falls under Section 72 of the Casino Gaming Act, the Casino Gaming Commission is empowered to make regulations for the licensing and operations of casinos with the minister’s approval. The regulations indicate to prospective applicants, the games and the manner of their operation that will be deemed to constitute casino gaming.
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