The U.S. Virgin Islands may soon have the ability to offer online video gaming, but many caveats abound. (Image source: Travel.usnews.com)
Many Americans know the U.S. Virgin Islands for summer and beautiful beaches that they could check out without having to obtain a passport. But thanks to a current ruling from the islands’ Attorney General, this vacation spot may soon become just as well-known as a property for online gambling.
Attorney General Weighs In
V.I. Attorney General Vincent Frazer issued a viewpoint to many other Virgin isles officials, stating that the 2001 V.I. law that allowed for Internet gambling companies to operate in the nation wouldn’t normally clash with any laws that are federal the United States, and thus the law could finally be used to allow the territory to host Web gambling companies. As yet, the territory had held off on really allowing any online video gaming to get ahead, because of warnings issued from the government that is federal.
However, as is usually the case in these circumstances, things aren’t quite that clear cut. Regulations just permits two companies to operate as ‘master companies’ in the territory, shutting out some other operators that are potential. And at least one of those companies says they’ve lost most of their investors in the 12 years since the legislation has passed, as a result of the doubt around whether or not they’d ever be in a position to provide gaming that (more…)