10 March 2003: Sark island's Gambling Law which encompasses internet gambling received Royal Assent February 27, 2003.
But according to press reports, the e-Gaming Committee has discovered a problem with its wording. It has recommended an amendment to a Chief Pleas meeting scheduled for 26 March 2003.
‘There is no explicit provision for Chief Pleas to retain as general revenue a surplus from the licensing of gambling activities,’ said the committee.
Section 2 of the new law gives Chief Pleas the power to levy ‘fees and other charges’ in relation to the licensing of gambling.
But the island needs the specific consent of Her Majesty and the Privy Council if it wants to introduce any kind of taxation.
The committee said it favoured the simpler fixed-odds-type games such as bingo, slots and poker for the island to promote.
The committee is hoping to bring forward further details, including a limited number of draft ordinances, to the Easter meeting of Chief Pleas.
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Last Updated: 10 March 2003
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Sark Government
Click Latest Update for The Gambling (Sark) Law, 2002 which received Royal Assent Feb 27, 3003.
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