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May 18, 2022

Brads Seeks to Quash New SI on Gaming Tax; Shyne Says Tax Brads

Last Friday during the sitting of the House of Representatives, the issue of the contract awarded to Brads Gaming Company was raised.  This was in reference to taxes that should have been levied on the operation.  On Monday, Brads Gaming Company Limited filed a suit in the Supreme Court seeking to repeal S.I. Fifty-one of 2022.  The new regulation was brought forward by the Briceño administration as a revenue generator.  In a letter issued by B.C.G.L., the company says that it does not own the Boledo lotteries, it only manages the operations.  It says, quote, G.O.B. has never taxed its own lottery hence the previous exemption of the law.  B.C.G.L. says it pays two point five million dollars in annual license fee, five hundred thousand dollars in minimum profit sharing, fifteen percent of profits above one million dollars and a little over eight hundred thousand dollars in business tax.  When the question was put to Opposition Leader Shyne Barrow today on whether Brads should be taxed for the Boledo lotteries, here’s how he responded.



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