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Bermuda’s casino failure highlighted by industry publication

The Casino.org article used this photograph to depict Bermuda as a Caribbean island that cannot get its act together on gaming

Bermudian authorities have been accused of having a laissez-faire attitude after their failure to establish the framework that would allow gaming operators to open casinos.

The blame was levelled at the Government and the Bermuda Gaming Commission by Casino.org, billed as the world's online gaming authority since 1995.

The saga of how Century Casinos exited the Bermuda scene and walked away from a deal with the Hamilton Princess and Beach Club led to some derision from the publication this week.

Under an article subtitle which read “When Tomorrow Comes”, it commented: “If Bermuda and the BGC want a casino, which would reportedly bring as many as 100 jobs to the country, they’re going to have to quit delaying the process.

“Legislators and regulators need to come together and take the plan seriously, and not live in a ‘there’s always tomorrow’ frame of mind.“

The article entitled: “Century Casinos Exits Bermuda Resort, New Partner Needed”, was written by American Erik Gibbs, a Spanish resident, who covers European gaming news for Casino.org.

The author geographically places Bermuda much farther south than its actual Northern Atlantic locale.

But in addressing Bermuda’s inability to move the ball forward on casinos, he proclaims: “The laidback lifestyle that attracts so many to the Caribbean might be causing some issues.”

The article references The Royal Gazetteedition which broke the news that Century Casinos pulled the plug on their partnership with the Hamilton Princess, fed up with delays by the authorities, after eight years of being involved, the last five of which they have simply been waiting.

Peter Hoetzinger, the company president and chief executive, said that with the existing legislative framework, the company could not foresee the project’s completion.

The frustrated executive stated: “We joined the Hamilton Princess casino project eight years ago. In 2017, the project received a provisional casino licence.

“Since then, for the last five years, we have tried to get this project up and running, but with the current legislative framework we do not assume this project can be realised in a reasonable time frame or at all.

“We have therefore decided not to continue our attempts to implement casino operations in Hamilton any further and to leave the casino project.”

More than four years after the projected opening date, neither the company nor the hotel see any possibility of a casino opening any time in the near future.

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Published January 18, 2023 at 7:49 am (Updated January 18, 2023 at 7:49 am)

Bermuda’s casino failure highlighted by industry publication

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