Papua New Guinea Legalizes Online Gambling
A new online gambling bill has been passed by the Pacific nation of Papua New Guinea, which legalizes casinos and Internet gambling.
The bill titled 'The Gaming Control Bill 2007' passed with 61-0 votes in the parliament in its last session, similar to the US case, but with an opposite effect.
Prime Minister Michael Somare was the brainchild behind this new bill, and believes that the people have the right to choose, and should not be punished for choosing to gamble.
Under the new Gambling Control Bill, there would be fees to enter into land-based casinos, which would be refunded at exiting. This tactic is aimed to stop gambling addicts and people in financial trouble from gambling.
Only one casino per province is allowed, holding a license issued for 10 years, and the tax is 20 percent of the gross profit plus five percent for community improvements.
Internet gambling companies will be able to operate from the country's territory, but will only be allowed to focus on customers abroad.
The new law also created a National Gaming Control Board which will oversee all gambling related activities, as well as working to help gambling addictions.
http://www.onlinecasino.org/news/papua-new-guinea-legalizes-online-gambling-1722.php