The U.S. Virgin Islands may soon be able to offer online gaming, but many caveats abound. (Image supply: Travel.usnews.com)
Most Americans know the U.S. Virgin isles for warm weather and beaches that are beautiful they could check out without being forced to get yourself a passport. But thanks to a ruling that is recent the islands’ Attorney General, this vacation spot may soon become just as well-known as a home for on the web 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 united states would not clash with any federal laws in america, meaning that the law could finally be utilized to permit the territory to host Web gambling companies. As yet, the territory had held off on actually allowing any online video gaming to go ahead, because of warnings issued from the federal government.
However, as is usually the case in these situations, things aren’t quite that clear cut. Regulations just enables two companies to operate as ‘master service providers’ in the territory, shutting out any other potential operators. And one or more of those companies states they’ve lost a majority of their investors in the 12 years because the law has passed, as a result of the uncertainty around if they’d ever be able to provide online gaming to players.