The casino industry in Bermuda has serious issues since the Government took some wrong actions. One of the major signs that something was wrong in Bermuda was St Regis Hotel’s refusal to comment on its plans for a gaming hub that was planned. The hotel planned to establish a pub at the Hamilton Princess & Beach Club, but the attempt failed.
The lack of independence:
David Burt, a Minister of Finance and Premier of Bermuda, is presumably the main reason why foreign investors and US banks don’t want to have anything to do with Bermuda’s casino industry. In 2017, new gaming legislation was established, and the Bermuda Gaming Commission and the casino industry lost their independence. The governor recently tried to change the law, but the attempt was unsuccessful.
The lack of independence:
David Burt, a Minister of Finance and Premier of Bermuda, is presumably the main reason why foreign investors and US banks don’t want to have anything to do with Bermuda’s casino industry. In 2017, new gaming legislation was established, and the Bermuda Gaming Commission and the casino industry lost their independence. The governor recently tried to change the law, but the attempt was unsuccessful.