Flowers: International opinions on local gaming sector ‘ill-informed’
October 28, 2017
CEO of FML Group of Companies Craig Flowers said comments from international institutions about The Bahamas’ gaming industry are “certainly not factual”, adding that they are “ill-informed”. A recently released International Monetary Fund (IMF) working paper that included a case study on The Bahamas stated: “Anecdotal evidence suggests that international correspondent banks are uncomfortable providing services to domestic banks that do business with either money transmission businesses (MTBs) or online gaming operators (so called web shops), which are perceived as a higher anti-money laundering/counter terror financing risk.
Tourism: 30 Per Cent Of Marketing’ Not Putting Heads In Beds’
October 28, 2017
THE Minister of Tourism yesterday said 30 per cent of his marketing spend is tied up in long-term contracts that are failing “to put heads in beds”. Dionisio D’Aguilar told Tribune Business that the Bahamas’ sponsorship of sporting events and teams was preventing him from “reallocating” desperately needed promotional dollars to market the Bahamas online. The Minister raised his marketing concerns just as data from the Bahamas Hotel and Tourism Association (BHTA) showed most of the industry’s indicators were heading in a negative direction during the first eight months of the year.