After more than three years of working together on legislation to regulate this country’s $16 billion gambling industry, the Opposition did not support the bill in the House of Representatives on Friday.
The Gambling (Gaming and Betting) Control Bill, 2016, was defeated when all 15 Opposition members abstained from voting for it.
Ganga Singh and Rudy Indarsingh, who were part of the Joint Select Committee established to look at the bill, were among those who abstained.
The 20 votes from Government members present were not enough to pass the bill because it required a special majority.
The gambling industry is currently governed by the Gambling and Betting Act, Chap 11:19, Act No,22 of 1963.
But legislation taken to the Parliament to treat with regulating the industry since 1999 has been unsuccessful.
In May 2015, then finance minister Larry Howai piloted a bill to regulate the industry. It was passed unanimously with a vote of 26 for by the People’s Partnership.
At the time, then opposition leader Dr Keith Rowley was suspended from the Parliament and the opposition stayed away in protest. Dr Roodal Moonilal, who lauded the bill during that debate, was among those who abstained yesterday.
The bill was then taken to the Senate but lapsed because Parliament had to be dissolved for the general election.
Finance Minister Colm Imbert was the first to express his disappointment the bill was not passed yesterday.
“When we came in 2016, what we decided to do was to lay the bill word for word and identical form to what had been dealt with by the previous administration in 2015,” Imbert said during a press conference after the sitting.
In order to ensure Opposition support, Imbert said the bill was sent to a JSC.
“We worked with the opposition UNC (United National Congress) to address any concerns they might have had with respect to the legislation,” Imbert said.
“We spent three years working with them, session after session after session, discussion after discussion, hours and hours of communication, we interrogated and interviewed and sought feedback from every stakeholder in the industry.”
He said when the JSC’s work was completed there were no complaints from the opposition, yet they chose not to support the bill yesterday.
“They had absolutely no good reason to abstain,” he said
He questioned whether the Opposition had been lobbied by people from the gambling industry. Imbert said the unregulated industry means taxpayers lose $500 million in revenue a year. The T&T gambling industry employs 7,000 people and its lack of regulation means these workers cannot be properly protected, he said
“It is reported that there are over 200 private members’ clubs operating in T&T and that over 20,000 amusement gaming machines may be found at members’ clubs, restaurants and bars throughout the country,” the JSC report produced last November states.
“Primary among these challenges has been T&T’s failure to meet its international obligations with respect to money laundering and terrorist financing. The deregulated environment creates apertures for the use of legitimately registered businesses, such as gaming establishment and members’ clubs, to engage in money laundering and terrorist financing. Moreover, very few gaming establishments pay the required taxes.”
Imbert said the bill sought to create a Gambling (Gaming and betting) Control Commission which would regulate the industry and provide oversight to the gaming sector.
“The commission would be responsible for instituting a licensing regime which would make it difficult for criminals and their associates to own, manage or control gaming establishments,” the report said of this proposed body.
Imbert said T&T remains the only country with an unregulated casino industry. As such, the state will now have to look at trying to change current legislation to help monitor the industry. But those changes would not be as stringent as if the Gambling (Gaming and Betting Control) Bill 2016 were passed, he said.
Prior to the vote, in concluding debate Imbert queried why the Opposition had consistently refused to support law to regulate the sector. He said Government was aware there were people in the local casino/gaming sector who are involved in illegal activities. He also said casinos in T&T are owned by foreigners who export earnings with US dollars via the black market.
Imbert said the Financial Action Task Force had also cited the casino sector as a clear source of money-laundering.