Georgetown : The recent move by government to revoke licences initially given to several businesses to conduct sports betting, gambling and access to such activities was done based on the need to revise the legislation governing such activities.
Speaking at his weekly press briefing, Cabinet Secretary Dr Roger Luncheon said that following Cabinet meeting earlier this week, it was mandated that Attorney General Anil Nandlall review and revise the legislation, “to reflect a government’s administrative policy that pronounced on restrictions both nationally and geographically on betting, gambling and access to betting and gambling”.
Entities which were previously licenced and permitted to operate such businesses, will be permitted to resume operations as their revocations have been withdrawn. This will only apply to those which had their licences recently revoked, according to Dr Luncheon. He stated, “Specifically and exclusively for those who were licenced and then disadvantaged, only those and to ensure that the applicants conducted their business only at the premises that were licenced and nowhere else”.
There was a recent influx of new business interests which sought to enter the sports betting market concentrating more on televised sporting events and other activities such as online gaming. After initially granting licences for them to operate, a decision was taken by the Home Affairs Ministry to revoke all recently issued licences until further notice. The more traditional betting shops and horse racing establishments were not affected by the revocations.
