Howai told - Whe whe gambling making $400 million annually
CAROLYN KISSOON email@example.com
The State is losing close to $400 million a year from illegal whe whe gambling. This is according to the Electronic Lotto Agents Association of Trinidad and Tobago, in a letter to Finance Minister Larry Howai.
The association wrote Howai to commend government for its decision to introduce legislation to regularise the gaming industry.
Howai said last week that when legislation was enacted, the State would benefit from as much as $300 million in additional taxes annually.
The association said that illegal whe whe operators were making
hundreds of millions of dollars. "While there is legislation in place, we believe that failure to enforce the legislation has created the opportunity for the siphoning off of money to a parallel industry.
The Chairman of NLCB has assured us that your attention has been drawn to the situation" the association wrote.
"Our several meetings with law enforcement officers, as high as former Commissioner Dwayne Gibbs has put a different spin on the problem, however. They have claimed that there are loopholes in the legislation which prevent them from acting and they are also hampered by a serious shortage of manpower".
The association asked that its information be considered by Howai with a view to strengthening the legislation, and plugging the loopholes.
"We would like you to give urgent attention to our request in light of these significant losses which combined with your new initiative should be bringing close to a billion dollars to the national coffers each year" the association wrote.
(from the Multimedia Desk)