British Virgin Islands (BVI) Licensed Casinos
All online Casinos with an British Virgin Islands Gambling License
About the Region
British Virgin Islands lie in the Caribbean islands and are volcanic in origin. It is an overseas territory under the British realm. There are four islands in principle here. Besides that, there are several smaller islands. Also, there are reef-lined beaches here. All this makes the British Virgin Islands a destination for yachting enthusiasts.
Tortola is the largest among the islands here. It is also home to the capital city Road Town. Besides that, it includes the national park called Sage Mountain. Also, Virgin Gorda is an island here that includes Baths, another tourist attraction. It includes a maze of boulder-filled beaches.
The year 2020 saw a lot of activity on legislation for gambling in the British Virgin Islands. Around July the house of Assembly in this country passed such legislation. It was proven to be great news for the government as well as investors, tourists, and residents.
The Gambling Control Act was passed around this time by the House. It was the first step to regulating and legalizing gambling in this territory. After that, the Act was published in legal journals. This Act was mainly on betting and gaming activities for the territory. An Act on horse racing was announced earlier, in the year 2019.
Gambling to Alleviate the Economy
In the aftermath of the economic recession that hit with the global pandemic, BVI has chosen to legalize gambling. It was projected that this would help increase revenue. It would also increase tax dollars and create jobs. Besides employment opportunities, it would establish nightlife in the region.
This would help overcome the economic decline that has come about in recent years. The region’s tourism and financial sectors were facing many challenges. Hence, the government had been on the lookout for ways to increase revenue.
How it Would Help?
Regulating the betting and gaming industry was thought to be the answer. It would also provide a source for creating jobs. These would be all the advantages that a regulated gambling and gaming regime would provide. The legislation is framed accordingly. There is scope for including all kinds of gaming and betting activities.
Some people can make living through horse races while others can run lotteries. There would be jobs at retail sites as well as at online gaming sites. Gaming companies would have varied jobs including traditional ones such as accountant jobs. Some people would have managerial roles and so forth. Also, the government will get millions in revenue from an untouched sector.
Why Nightlife Entertainment Avenues?
Along with the decision for regulating the gaming sector in British Virgin Islands, it would open up nightlife entertainment avenues as well. A survey done by Michael Paige showed that cruise ships are avid nightlife centers. This was something that British Virgin Islands were missing out on. If gambling legislation is put in place, the right atmosphere would be generated. BVIwould is able to maximize revenue from these cruise ships.
Vessels will remain longer at ports since onboard gambling would be possible. Cruise passengers will stay on and patronize the casinos onboard. This would keep the ships at the ports for a longer time. This would increase money going into the region’s coffers. It would also create more job opportunities. Finally, it would be good for tourism as well. That is because the nightlife would be livelier for the food vendors, bars, and restaurants.
The gambling laws are coming into effect due to the support of her Majesty’s ruling party’s support. However, the opposition does not support the bill. That is because they feel that social implications would be negative. However, all such aspects were put aside and the bill was successfully passed in June 2020.
Impact of the Act
The impact of the gambling act on British Virgin Islands is several. It opens up the scope for entertainment and investment. In both aspects, the act will regulate as well as create opportunities. As illegal activities are not legalized it will open up new opportunities for revenue and jobs.
This will especially help the sailing industry. The cruise industry is set to resume sailing activities in full form soon. Before the act was made cruise ships could not dock overnight. That was because it was illegal for them to operate casinos on board.
However, with the gambling act of the British Virgin Islands, it will be advantageous for cruise ships. The act helps expand opportunities in sports betting as well. For instance, local horse racing activities will expand as a result of this legislation.
The territory has immediate benefits from a revenue standpoint. It will benefit from the licensing fees that the British Virgin Islands will impose. The economic outlook is also positive from the aspect of job creation. There would be infrastructure investment as well. Data from other countries show that gaming industry jobs are usually high paying.
They offer wages that are higher than traditional sectors. Till now payroll tax is the only income tax that people pay in the British Virgin Islands. Hence, with the gambling laws coming into effect, it will help widen the tax base considerably. It will also increase tax dollars in a significant way.
Protection and Regulation
The gambling act of the British Virgin Islands establishes a gambling control commission. As the commission has come into force, it will ensure the protection of consumer rights in a large way. It will also expand career paths in this region. Section 51 in the act provides for internal controls. This deals with several issues that include practices for human resources, and accounting systems.
It also provides procedures for determining and recording the wins. Overall the act is well received by the people. Many expect entertainment options to expand in gaming and related sections. It will also attract many entrepreneurs, restaurateurs as well as investors.
Details of the Act
The Gaming Act of the British Virgin Islands is called the Gaming and Betting Control Act 2020. It commenced on 9th July 2021. It was amended further in the month of October 2021. Overall, it legalizes as well as regulates gambling and gaming activities in this territory. Before this act gaming and gambling activities were not legal in the British Virgin Islands. The act provides for a control commission that will regulate as well as oversee gaming and gambling activities under this act.
Activities That Require a License
As per the gaming act, the following list of activities needs a license from the British Virgin Islands gaming and betting control commission:
- If one owns a gaming machine or operates one within the region.
- Performs any function related to gaming or betting activity within any licensed premises.
- Manufactures assembles, programs, fabricates or modifies any such equipment.
- Sells distributes imports or supplies gaming machines.
- Leases gaming machines and gets remuneration from a gaming establishment.
- Manufactures, supplies, sells, adapts, and installs gaming software.
- Provides betting facilities.
- Utilizes or provides betting or gaming premises.
In most cases, there is no limit set on the territory. As a result licensing requirements apply to any incorporated company in the British Virgin Islands. The activities can be under licensing requirements, even if activities take place outside the territory.
There can be several such as:
- Gaming operators
- Gaming owners
- Gaming machine operators and distributors
- Technical operators
- License for premises
- Personal and betting operator licenses
These are broad categories under which one can seek licenses as appropriate. The gaming and gambling commission of the British Virgin Islands can add or amend this list. Companies in this region dealing with gaming activities need to assess themselves accordingly. They can then understand whether they require any such license or not.
Structure and Function of Commission
The Act which establishes the gaming and betting control commission in the British Virgin Islands defines its structure and functions. The commission has the power to regulate all local gaming and betting sectors. The laws will prevent terrorist financing as well as infiltration. Companies in this sector are often infiltrated by money launderers.
The act sets up the structure of the board. It is managed by the Finance ministry overall. The board also comprises eight members and is presided by a chairperson.
The gaming and gambling commission of British Virgin Islands has certain defined functions. For instance, it can provide information to different government and regulatory agencies. This includes the Commissioner of Police, Commissioner of Custom, Inland Revenue, and Financial Investigation Agency.
The commission has the power to grant licenses. It is said to do the same without prejudice. However, the licensees need to abide by certain conditions. The commission also acts as a consultant. It helps licensees understand the regulations and application process. It also conducts studies and prepares reports. Finally, it makes recommendations to the gambling industry for approving licenses.
License Categories And Background Checks
Among the different functions of the commission, background checks are an important one. Any applicant who files for a license under the British Virgin Islands gaming commission needs to undergo a background check. The commission verified the character, reputation, and background of the person applying for a license. This extends to other people who are related to the licensee and involved in the business. Besides initial checks, the commission also performs reviews regularly of licensees. They check on the operations of the licensees and collect levies and fees.
The commission has the power to revoke and suspend the license after a review. This happens if a license holder does not conform to a certain law. The commission also gives notice in writing stating the reasons for the suspension. They also need to state the ground for such intention. The license holder needs to respond accordingly. They need to submit the same in writing, within seven days of receiving notice. The decision to revoke the license is published in the official gazette.
There are different license categories under the gambling and gaming act of the British Virgin Islands. The main one is the gaming operators’ license. This allows anyone to set up a gaming establishment to conduct gaming. Then there is the Gaming Owners’ license. This authorizes people to have licenses to have gaming establishments of their own.
As per the act, the license for game owners is given only after one obtains the license of gaming operators. The other important license is that of bookmakers. This license is issued to allow sports betting. A promoter’s license is another category that is relevant for live races. Those who wish to stage live races will need to acquire this license. Then only they can take on bookmakers’ licenses and allow different types of bets to take place.
As per details of the British Virgin Islands gaming and gambling act, there are no territorial limits set for the licensees. So, as a result, companies can apply for licenses even if they are not operating within the region. As the regulations have newly come into place, online companies are yet to incorporate and be licensed under this gaming commission. However, there are international websites where residents of the British Virgin Islands can gamble.
These sites accept residents from this region as per their international operating licenses. These are usually issued by UKGC, MGA and others. Here we look at the several international casinos that British Virgin Islands residents can gamble at in a legal manner.
Casinos Operating with British Virgin Islands Gambling License
Here you can find the complete list of casinos that have acquired British Virgin Islands Gambling licenses.
● Casino Dome
This is one of the newer casinos that is legitimate for gambling for British Virgin Islands residents. It falls under the Genesis group of casinos. The website features games from renowned software brands such as Microgaming, NetEnt, Evolution, Red Tiger, Quickspin, Betsoft, and others. The casino has live games powered by Evolution. However, its bonuses are mainly for slot games.
There are different kinds of promotions that players can avail of here. These include free spins, match-up bonus, reload, and cashback bonus. There is also a no deposit bonus for new players. Also, existing players get enrolled in the VIP program. Players can spin about 1400 games and more here. This is also one of the first casinos to hold a BVI license besides an MGA license.
This casino is a popular one among British Virgin Islands residents. It is known for its generous welcome offer. Also, there is a fun mode for the different game sections. That makes it easy for players to explore the different features without paying for them. Special features include weekly races called Slot Wars. The welcome offer gets new players up to $100 as a 100% match-up bonus. Also, players can use Bitcoin to pay here, along with credit, debit cards, or eWallets. They can also use the bank transfer method.
● Casino Action
This site is also known for a multitude of promotions and offers. For instance, a new player can get a match bonus of up to $150 on their initial deposits. Also, members get enrolled in the loyalty program called Casino Rewards. Another unique aspect here is that you will find Microgaming games mostly here. That means all classic, popular and latest Microgaming titles are available here.
Also, the welcome offer extends up to the five initial deposits. As a result, new players can increase their deposits substantially and have generous wagering budgets. Payment methods are also numerous here. Players can choose to deposit as well as withdraw using popular eWallets. Also, they can opt for credit or debit cards as well as bank transfers as their payment method.
This site is known for accepting different cryptocurrencies. There are about 2000 arrays of games available. Also, there is a live casino section and a sports betting section. For cryptocurrency users, there is a special section called Turbo Games. This is fast-lane gaming with cryptographic features. The sports betting section allows users to bet on diverse sports events.
The website also features a VIP program. There are tournaments in which players can participate. There are feature buy-in options as well. All this makes it a popular website, especially among cryptocurrency holders. It also boasts as the first casino to be licensed as a crypto casino website.
British Virgin Islands residents can get a different gambling flavor at this site. It is mainly popular among South African players. The website has a mobile, desktop, and a downloadable version. That increases convenience for the players. Overall there are a large array of games, around 500 in number. These are mostly slot and table games. There are also video poker and progressive jackpot titles to enjoy. Additionally, there are games designed on what is unique to South Africa. British residents familiar with South Africa will surely enjoy gambling at this site.
This is yet another South African casino that accepts players from the British Virgin Islands. New visitors can enjoy no deposit bonus here. In general, there are over 6000 titles across different categories. These include slots, live games, online poker, blackjack, roulette, and others. Players will also find many varieties of table games and real-live dealer games here.
Also, games of many software brands are present. These include names such as Pragmatic Play, Elk Studios, Platipus, Evolution Gaming, Lucky Streak, and many more. Promotions are also varied here. These include a match-up welcome offer. There is also a reload bonus and a referral bonus. Besides that, there is a cash-back offer and a VIP rewards scheme.
● Lucky Tiger
This site welcomes players from the British Virgin Islands and other regions with a 260% match-up bonus. The welcome offer includes free spins every day on different slot games. Existing members can participate in online tournaments. There are weekly tournaments with large cash prize pools.
This site also accepts cryptocurrency as a payment method. Of course, other methods of payment also exist. These include MasterCard, VISA, Bank Transfer and eWallets. Games here include slots, table games, poker, and others. All this can be played at your convenience, on your desktop or mobile.
● 7 Bit
As per the name, the site is mainly for cryptocurrency holders, namely Bitcoin. Of course, players can log in and play in other crypto and fit currencies. Bonus offers in Bitcoin are another novelty here. Players can take on a welcome offer where they get up to $300 as a match-up bonus. Otherwise, they can also win 1.5 BTC as well as 100 free spins.
There are several more bonuses to earn with consecutive deposits. Most game sections here are tailored for wagering in BTC. Hence, players can enjoy slots, poker, live casino, and other games with BTC. They can also gamble with Litecoin, Ethereum, Dogecoin, and others.
● Surf Casino
This is an ocean-themed casino that British Virgin Islands residents will love. The website has a soothing blue theme. The main focus here is on slots of different varieties. Besides, that one can also play Blackjack, and Roulette in different variants.
They can try them across live dealers as well. Games software here are of different software providers. These include Evolution Gaming, Pragmatic Play, Playtech, Evolution Gaming, and others. Promotions here include a multi-tier deposit scheme. At each deposit, new players can get match-up bonuses as well as free spins. Besides the welcome offer, there are reload bonuses and weekly lottery offers.
There are several other international sites that accept players from the British Virgin Islands. These include reputed bookmaker sites such as 22Bet, 1xbet, Bet365, and others. These are premier sports betting and casino games sites. They are known for their long-term presence in the online gambling world. Players from the British Virgin Islands can create accounts in them and gamble legally, in their own currency.
Other sites that accept players from this region are BetVictor, King Billy, 888poker, Unique casino, and others. All these sites have exciting promotions that British Virgin Islands residents can make use of. Also, they are internationally licensed casinos. That makes them safe and secure to gamble with different currencies.
British Virgin Islands gambling laws have come into force recently. Hence, there is currently one casino that holds a BVI license. However, the gambling laws do not prevent residents of the region from gambling at different sites. In the near future, BVI licensed casinos will make a more secure gambling environment for the residents.
British Virgin Islands Gambling Law & Regulation FAQ
Yes, you can, under the new Act 2020. It would require gambling or gaming companies to be incorporated in the British Virgin Islands.
Yes, there are several international casino sites that accept players from this region.
Licensing and other details are mentioned on the official website of the BVI gambling commission.