The Bahamas Investor

...t physically being on site, via proxy and technical aids. – Mobile gaming: State-of-the-art technology will allow players to wager via mobile gaming devices from anywhere on the campus of a licensed casino facility. – Internet gaming: Allows players to wager online. – Enforcement of gaming debt: Allows a streamlined process for enforcement of all debts incurred by gaming activities at a licensed casino. Expedites process by which licensed operator......

...harting the Course for Growth in Abaco, the 11th Annual Abaco Business Outlook has been scheduled for September 24 at the Great Abaco Beach Resort, Marsh Harbour, where Michael Halkitis, Minister of State for Finance, will deliver the keynote address. Details of the Exuma event are yet to be announced. Interested parties can visit the TCL website to register.......

...prove uncomfortable at the time, but over time they prove beneficial. This state of health, whether good or bad, is generally viewed as an issue of our moral compass. And, Mr. Speaker Morality cannot be legislated. What governments can do, though, is create prescriptions for citizens. These prescriptions are laws that we come to this House to debate. I believe that, for the most part, we are a law-abiding nation. Bahamians honour and observe laws......

...s to learn from others what else they believe would be helpful. We will soon be introducing 11 new agency sites, and new online services, and this is ideal timing to ensure that we bring the public what they most need.” The forum includes addresses by Minister of State for Finance Michael Halkitis and Attorney General Allyson Maynard-Gibson. There will also be a panel discussion with representatives from Bahamas Customs, Ministry of Labour, The Ba......

...alkitis. “The statement also included measures to enhance revenue performance in 2012/13 and beyond, including the improvement of the system for electronic submissions to customs. Interim measures were also announced to strengthen compliance within the real property tax system, in the form of an amnesty programme that is designed to encourage compliance and payment.” Halkitis said that the statement announced a reduction on the excise tax on truck......

...the gaming technology marketplace. CGT provides private networks, systems, operations, management services, system licensing, and hardware and software design and development. In addition, the company develops casino games with web hosting platforms for casinos. It also provides account-based systems for race and sports books, mobile gaming technology for casino-style games, and mobile sports wagering technology in the state of Nevada and internat......

...en of which are with G20 member nations. During the ceremony, the Minister for State in the Ministry of Finance Zhivargo Laing said : “The government of The Bahamas welcomes the conclusion of this agreement with India, the world’s largest democracy and one of the emerging giants on the global economic landscape. Both countries are fellow active participants in the ongoing work of the Organisation of Economic Co-operation and Development Global For......

...ional hub for petroleum products and best-in-class storage and trading platform for the region, while providing economic development for The Bahamas and the region,” says a company spokesperson. BORCO provides storage of petroleum products for a number of international clients and has a storage capacity of 21.4 million barrels, making it the largest storage terminal in the Caribbean. It also offers blending, transshipment and bunkering services at......

...ina, restaurant, pool, water park, children’s clubhouse, full-service spa, state-of-the-art fitness centre and an equestrian centre. Residential offerings include cottages, custom home lots and marina residences, with pre-sales targets of $400-$500 million. Estimated dollar value: The developers have invested around $250 million to date. Future: Albany is set to hire 200-300 full-time employees by the 2010 summer soft opening. Sound bite: “The Bah......

...e job creation and broader financial gains,” says Zhivargo Laing, Minister of State for Finance in the Ministry of Finance. Although stressing that gains will only be modest, Laing sites various government-led initiatives as being significant in underpinning growth, particularly in the construction sector. “A contract for the construction of a new government office complex in Freeport has been awarded to FES Construction Co Ltd. This will create 2......

...n superseded by the New York Convention on the Recognition and Enforcement of Foreign Arbitration Awards 1958. According to the United Nations, The Bahamas recently became the 141st country to be a party to the Convention. However, the provisions of the Convention are not presently incorporated into Bahamian law. There is presently a bill before parliament for an Act to Provide for the Implementation of the Convention on the Recognition and Enforc......

...oof go up over the next few months, we are taking steps to prepare for the state-of-the-art infrastructure including a $10 million baggage system in the first phase. We are currently training our staff to manage and operate the new facility at a world-class level. In September 2009, our Operational Readiness team jumped into action, meeting with airport partners in Vancouver and Cyprus to ensure that everything and everybody is up to the task when......

...k and met with senior figures from the financial sector including Minister of State in the Ministry of Finance Zhivargo Laing and Central Bank Governor Wendy Craigg. As a result of these discussions, the head of the IMF team Gene Leon says he is optimistic about the country’s financial future and the stability of the banking sector. “Economic recovery in The Bahamas is gaining strength. The severe economic contraction during 2008-09 and high unemp......

...its and make passport and work permit applications from the site. Minister of State in the Ministry of Finance Zhivargo Laing commented: “Technology can make us more productive, more efficient, more effective and more competitive. It can make us more prosperous and more affluent. “It will ultimately make us all better off.” The portal is the result of a collaboration between the Finance Ministry and IDA International–the government of Singapore’s......

...f downtown Nassau. The Island Living supplement in this issue has a wealth of information for investors looking to buy property in the island paradise and the 32-page Legal Directory is a vital resource for anyone doing business in the jurisdiction. For all these stories and many more, pick up a copy of The Bahamas Investor magazine, available July 1. Order a free copy online by filling in your details in the box on the left. View the full issue o......