Papua New Guinea Legalizes Casinos and Online Gambling
02 May 2007
The Papua New Guinea Government just passed a gaming law that allows casinos and online gambling into the country. This legislation was taken in a move to fuel the economy of a nation with a population of just less than 6 million people and 20 provinces.
Papua New Guinea’s parliamentarians voted unanimously (61-0)in favor of the Gaming Control Bill Act 2007 that states each of Papua New Guinea’s 20 provinces will be allowed to hold a casino licence for 10 years. The new law would require Operators to pay 20% of gross profits in duties, and another 5% in a community benefit gaming levy.
Sir Michael Somare, Prime Minister for Papua New Guinea, says foreign-owned online gaming operations in PNG will also be lucrative. “Existing technology can bar people from within the country participating in the type of gambling that allow only foreigners based in other countries to participate”.