The U.S. Virgin Islands may soon be able to offer gaming that is online but many caveats abound. (Image source: Travel.usnews.com)
Many Americans know the U.S. Virgin isles for the sunshine and beautiful beaches that they are able to visit without needing to obtain a passport. But thanks to a present ruling from the islands’ Attorney General, this vacation spot may soon become just as well-known as a home for on line gambling.
Attorney General Weighs In
V.I. Attorney General Vincent Frazer issued an opinion to other Virgin isles officials, stating that the 2001 V.I. legislation that allowed for Internet gambling companies to operate in the united states wouldn’t normally clash with any laws that are federal the United States, and therefore the law could finally be utilized to let the territory to host Web gambling companies. Until now, the territory had held off on actually enabling any online gaming to get ahead, because of warnings issued from the government that is federal.
However, as is normally the case in these situations, things aren’t quite that clear cut. Regulations only permits two companies to operate as ‘master service providers’ in the territory, shutting out some other operators that are potential. And at least one of those companies states they’ve lost most of their investors in the 12 years since the law has passed, as a result of the uncertainty around whether or not they’d ever be in a position to […]