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The Government of Jamaica has strengthened its public sector procurement system with the April 1, 2019 entry into force of Jamaica’s first legislative framework on public procurement. Halsall sees an opportunity to grow those numbers, by essentially making it easier for persons to place multiple bets. “Reports indicate that illegal gambling operations are raking in an estimated $2 billion each year. A big chunk of that money is used to fund the criminal underworld,” he noted. He further noted that, as the oversight body, the Betting, Gaming and Lotteries Commission (BGLC) has forged memoranda of understanding with law-enforcement authorities to have financial intelligence shared in real time. “This is why the Government, through the regulator, increased its surveillance of the industry and will extend all the resources necessary to clamp down on illegal gaming.

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He said Supreme Ventures took those issues into account for its betting service. SVL, as the largest operator, took in $56 billion in annual revenue in 2017. At last report, industry revenue topped $135 billion in fiscal 2016, while $5.7 billion flowed to the Government.

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