Jersey To Pursue E-Gaming Sector Plans
by Jason Gorringe, Lowtax.net, London
23 November, 2015
The Jersey Government has agreed to proceed with its plans to develop an e-Gaming and e-Gambling industry, following a consultation with regulatory and industry bodies.
The consultation concluded that there are reputational risks for Jersey regarding the promotion of e-Gaming but these can be effectively mitigated by robust and effective regulation. Given that the industry is well-established in other territories, respondents said Jersey would need to ensure that its marketing and promotional activities are effective.
Lyndon Farnham, Jersey's Economic Development Minister, said: "The consultation process carried out over the summer by the Government was part of the ongoing evaluation of business initiatives and risk awareness that Jersey carries out. I can announce today that the consultation has resulted in the continuation of a permissive regime for e-Gaming in Jersey. In addition, the Council of Ministers has instructed officials to begin broad-based discussions with industry and relevant regulatory bodies with a view to ensuring that Jersey has the highest regulatory standards for e-Gaming and e-Gambling."
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