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Bermuda Gaming Commission grants country's first casino license11 October 2022(PRESS RELEASE) -- Bermuda’s established legislative framework for the licensing and opening of a casino involves a three-stage process. Following an extensive and in-depth suitability review, the Bermuda Gaming Commission has granted Bermuda’s first casino license to Hotelco Bermuda Holding Ltd. organization and administration St. Regis Bermuda Resort. The Commission has determined that the applicant has met the legislative suitability requirements for a license under the Gaming Act and Regulations. The issuance of the license permits the applicant to address necessary steps to comply with all the legislative requirements to open the casino. These are predominantly operational in nature which will include, but are not limited to, the establishment of the casino’s compliance committee, the finalization of internal controls to ensure compliance with the statutory framework, the recruitment and training of employees, and the purchase, shipping and installation of gaming equipment and systems. The opening date of the casino is entirely dependent on the casino operator meeting all legislative requirements for opening, which will be subject to the Commission’s review and approval. The Commission continues to be ready to effect regulatory and supervisory responsibilities. |