Proposed legislation that would amend existing casino regulations on the Isle of Man (ubicated in the UK) and allow bricks-and-mortar gambling venues to relocate without losing their license has been approved by the lower house of the island’s parliament.
Known as the Casino Amendment Bill, the legislation to amend the governing Casino Act was ratified by the directly-elected House of Keys following a second reading last week and is now set to be put to a vote in the upper Legislative Council.
The Casino Act was ratified over 30 years ago but the Isle of Man is currently home to only one casino
If subsequently ratified, the measure would permit bricks-and-mortar casinos to utilize a license at multiple sites and institute measures to address money laundering and fraud concerns including giving the local Gambling Supervision Commission the responsibility for watching out for potential violations. This independent board would additionally be handed the authority to cancel a casino’s license if infringement s were identified. (READ SO: UNITED KINGDOM INTO SOLVING SOCIAL GAMBLING PROBLEMS)
