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Woof! Woof! Woof!
X
I like your syntax !
Arma absolutely my thoughts AND there were white locals gambling -I was introduced to some of them by my colleagues.- one rule for one etc = apartheid.
In all fairness to the Bahamian state, not surprising that locals are banned from casinos. Casinos are mathematically designed to favour the house. Online casinos a re the worst as it's all mathematically formulated. However, there are some peeps who know tricks to turn those formulas against the House. Casinos are always out to discover them.
Nod, nod... wick wick IK... lol <=== dog's telling me IK knows a few tricks of the trade...
Looking at this from another perspective, perhaps the government deem gambling to be immoral, and therefore not good. But okay to make money from 'immoral' tourists. A kind of 'sin tax' on foreigners?
IK and Prospect - I was shocked to learn this from you . It's tantamount to apartheid, is it not. And somewhat ironic, given that the PM and many government Ministers... are... themselves black.
"Casino gambling in the Bahamas has been legal since 1969, and accounts for a large percentage of the country’s tourism, which in turn plays a great role in the Bahamas’ economy. As a country with such a tradition in gambling, it might be surprising that Bahamian locals are banned from the casinos in the country."
https://simonsblogpark.com/onlinegambling/simons-bahamas-gambling-guide/
Arma
Just to add and this is old background info - 1990s.
I worked in The Bahamas for a short time years ago and was amazed, indeed incensed, when:
On a night my “local” colleagues took me out for dinner as a thanks for my contribution I expressed an interest in visiting The Casino.
Slightly funny looks ensued.
They took me there and we all went in.
I had a bit of a flutter.
I asked my colleagues why the didn’t have a go.
They were all indigenous black people and told me that they were not allowed to gamble by law.
The white locals could!
Needless to say. I left immediately extremely angry!
Don’t know whether still relevant however may still perhaps permeate authoritarian thinking in govt.
GL
IK
Xx
The only reason for not opening the MF up to everyone, was the perceived risk. Perhaps, and this is only IMHO, now that the EA has been granted, this reduced risk may be a good reason to open up the MF to all.
Yes, I believe it's still on the cards BlackBat17.
The hope is to extend the Mutual Fund so that anyone with $1,000 to invest can do so, instead of the current $10,000 minimum.
I recall reading in one or other of the RNS that the board were hoping to give 'ordinary' Bahamians the chance to invest in BPC, as opposed to more high value investors.
Is this still on the cards? If so when was it planned?
TIA BlackBat