Gambling In Guyana



I support the argument that gambling in Guyana is a benefit to the society. When I say gambling, I refer to legal gambling. I acknowledge that gambling can become an addictive activity on a personal basis and can lead one to bankruptcy. At the same time I believe that Guyanese should be given the freedom of choice to determine how they spend their money and what decisions are best for them. Some argue that gambling is bad for our society since it makes one addicted to it as with drugs.

Guyana

Guyana is an under developed country and possibly with casinos opening and tourist's visiting for the ICC Cricket World Cup, there will be more money put into the country to better itself. Located in the northern reaches of South America, Guyana is actually often considered a Caribbean nation due to its former status as an English colony. Its capital, and largest city, Georgetown, is even home to CARICOM - the 'Caribbean Community' - which functions as a union of Caribbean nations. Play casino games in Guyana right now. Maureen Rampertab IN a small settlement in the ancient county, deep in the countryside, where sugar-cane once grew, stood a striving community – the small neat houses, green pastures and clean flowing trench where boys swam and the black water creek beyond where the sugar boats passed- a testimony to the sweat of the immigrant.

I totally disagree since unlike drugs, gambling is not physically but is physiologically addictive.

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The Guyana lottery, established in 1997, is deemed a legal form of gambling by the laws of Guyana. The lottery involves playing various games of chance with the hope of earning fast tax free cash. In an interview with Tracey Lewis, the lottery company’s general manager, she stated that the company provides direct employment for 34 persons and business opportunities for approximately 80 retail agents.

She also stated that the company has earned over $4. 5 billion in revenue for our country to date. From the facts given, can one really argue that a company that has done so much and is continuing to do much more is not beneficial for Guyana?

I highly doubt that since this company has made it possible for many Guyanese to be employed and also has donated significantly to our already struggling economy. The Gambling Prevention Law which was amended in 2007 legalized the establishment of casinos locally. The Casino provides a means of employment to many Guyanese and also is a source of revenue since the Casino owners are compelled to pay tax. The Casino Act states that the only people who can gamble at the casino are international tourists and locals who are guests at the hotel. One may argue that gambling in casinos will make more Guyanese bankrupt.

This can easily be refuted since the legislation only permit locals staying at the hotels to access the facility. In an interview with a receptionist at the Princess Hotel in Guyana, she claimed that about 99% of the guests at the hotel were foreigners. This clearly shows that it is highly unlikely that locals will become bankrupt from gambling at the casino since they are not usually guests there. The legislation permits only gambling in newly built hotels with a minimum of 250 rooms. Thus, this opened the doors for foreign investors to invest in new hotels here which will in turn create employment opportunities.

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How can providing employment, tourism and revenue via a legal means be considered harmful to Guyana? In conclusion, legal gambling is greatly needed in a country like Guyana which is considered a third world country. According to www. cia. gov, Guyana has a debt of USD$1. 234 billion. Thus, legal gambling is a source of earning foreign currency which in turn can assist in settling our debts and developing our country. These are a few reasons why I support the argument that gambling in Guyana is a benefit to our society.

Guyana

GAMING... THE RIGHT WAY

Gambling
Guyana Fourth Round Mutual Evaluation and the Gaming Sector held at the Pegasus Hotel on June 24th,2019
Chief Executive Officer Mr. Lloyd Moore delivering an address on the role of the Gaming Authority
ABOUT US

The Gaming Authority of Guyana was launched on December 1, 2008, and is the Supervisory Authority for betting shops, casinos, and lotteries under the Anti-Money Laundering Countering the Financing of Terrorism Act of 2009 and its Amendment.

MISSION

The mission of the Gaming Authority is 'To provide effective leadership and regulatory oversight of Gaming in Guyana for the growth and development of a lucrative industry that supports the national economy.'

VISION
Guyana

The vision of the Gaming Authority is 'To position Guyana as a leading and internationally recognized jurisdiction with a well-managed and effectively regulated gaming industry'.

LICENSING

BETTING SHOP LICENSE APPLICATION

A company proposing to operate gaming and betting activities in Guyana shall be required to submit a formal application for the grant of a Betting Shop license to the Guyana Revenue Authority (GRA). The established procedures for the application cover the following: 1. Approved Building Plan from the City Engineer Department. In the case of a rental premise, the plan should be obtained from the Owner of the property. 2. Approval Letter from Central Housing and Planning Authority (CHPA)

Casino In Guyana

CASINO PREMISES LICENSE APPLICATION

Casinos In Guyana

A company proposing to establish and operate a land-based Casino in Guyana shall be required to submit formal application for a combination of a Casino Premises and Operator’s Licenses to the Chairman of the Gaming Authority. Under the Laws of Guyana Chapter 9:02 gambling Prevention Act (Establishment of Gaming Authority) Regulation, the Gaming Authority in granting a Casino Premises License to casinos must determine whether or not the premises satisfy the minimum requirements for granting the same.

CASINO OPERATOR LICENSE APPLICATION

For a company proposing to establish and operate a land-based Casino in Guyana and has made an application for the grant of a Casino Premises license, it shall be required to submit a formal application for a Casino Operator’s License to the Chairman of the Gaming Authority. The Gaming Authority, in accordance with the Gambling Prevention Act, requires all applicant operators must meet the minimum requirements before granting them a license.

LICENSING