Trinidad and Tobago gambling news
Trinidad and Tobago does not have a coherent system of regulation for gambling. There is no licensing authority, and no new legislation has been passed with regard to the activity since 1955. Gambling has always existed in the small Caribbean country without government oversight, and it is estimated that roughly 7,000 are currently employed in the industry.
Horseracing and dog racing are reportedly legal in the country, as are sports betting shops. The traditional game of chance “weh weh” is extremely popular among Trinidadians but formally illegal. A 2013 report found that the government was losing $300 million in annual tax revenue because of the non-regulation of the game.
Last year the government announced the creation of a gaming authority to regulate and tax the industry.
Online Gambling in Trinidad and Tobago
The government does not issue licensed to providers of online gambling services, and the use of them is formally illegal. However, the lack of regulation means that unlicensed and foreign-operated sites are very commonly used by Trinidadians.
Observers have argued that this kind of gambling is extremely prevalent and costs the government hundreds of millions of dollars in lost revenue. Underage gambling is also seen as a problem. In recent years the problem has come to the attention of the authorities, and last year the government announced that it planned to create an authority to regulate and tax the industry.