The Caribbean nation of Jamaica is reportedly considering regulating online gambling after the Chairman of the Betting, Gaming, and Lotteries Commission voiced his support.
Speaking to media on the island country, the Chairman of the Betting, Gaming, and Lotteries Commission Gary Peart said that he is in favor of such an action as it would bring tax revenues and stimulate economic growth.
After compiling a report Peart was able to claim: "We have seen compounded growth rates over the last two to four years ranging from 15 to 30 per cent... and with the roll-out of sports, mobile, telephone and text betting the industry is expected to see another 10 to 20 per cent increase."
Peart's stance was supported by the BGLC's Director of Legal Services Amina Maknoon, who said that a regulated market would protect consumers, those with gambling addictions, and minors, and would prevent money laundering.
The duo are hoping for Jamaican politicians to vote in favor of amendments to the country's gaming laws during the next few months.