The British Virgin Islands will establish its Gaming and Betting Commission in 2027, Premier Dr Natalio Wheatley said in his latest budget address. The move comes as part of a broader push to attract investment and expand the territory's tourism sector.
Dr Wheatley told legislators: "We will also launch in 2027 the Gaming and Betting Commission and an updated Gaming and Betting Act and regulations, creating a well-regulated sector that attracts investment and promotes responsible gaming."
The delay has been substantial. Governor Augustus Jaspert signed the Gaming and Betting Control Act into law on August 18, 2020, giving the commission powers to issue licences, set conditions for operators, vet applicants and oversee licensed businesses. The body was also empowered to collect fees, levy charges and withdraw or cancel licences from operators who breach the rules.
Yet the commission never materialised. In 2021, then-Premier Andrew Fahie predicted the board would be operational by January 2022, with staff trained in anti-money laundering measures by mid-year. By October 2022, it still did not exist. Dr Wheatley acknowledged the gap at that time and said he needed to review the situation before moving ahead. His administration also instructed gaming and betting operators to halt their activities pending the commission's issuance of proper licences.
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