Compliance Updates
Cayman Islands amends gambling law

The government of Cayman Islands has amended the gambling regulations. In the newly proposed the Gambling Amendment Bill 2018, which will be discussed in the next Meeting of the Legislative Assembly, the government plans to increase the penalties for engaging in acts of illegal gambling.
The purpose of the bill, according to the government website, is to slap higher penalties and stiffer punishment for those perpetrating illegal gambling than for individual participants.
“While illegal gambling has been a chronic problem in the Cayman Islands, the penalties have not undergone a revision since the first enactment of the Gambling Law in 1964. As such, in today’s climate, they do not properly reflect the gravity of this type of illegal activity,” said the government.
The new bill clearly defines that fines for use and ownership of premises for gambling, publication of lottery numbers and the use of money from gambling activities would increase from €350 to more than €8k, while maximum prison sentence would increase from one to three years.
-
Latest News7 days ago
Why Gamification Is Reshaping Online Poker
-
Latest News7 days ago
World’s First Self-Service Sports Betting & Lottery Terminal by IZIGROUP
-
Latest News4 days ago
BitStarz Casino Review 2025: The Leading Crypto & Bitcoin Casino With Instant Withdrawal, Fast Payout & Latest Bonuses!
-
Latest News4 days ago
EGT Digital’s games are available to Bangbet’s customers in Tanzania
-
Interviews4 days ago
Scale isn’t everything: Why agility is the new advantage in live casino
-
Latest News4 days ago
BC.GAME Strengthens African Strategy with Dual Regulatory Approval in Kenya
-
eSports4 days ago
NODWIN Gaming and JioStar unveiling BGMS Season 4 with OnePlus as Title Partner and Android as Co-Title Partner
-
Latest News4 days ago
HIPTHER Announces In-Person Events Rebrand, Baltics Focus & Digital Events Lounge for 2026