Finance Minister, Audley Shaw, says regulations for internet and online gaming are being formulated to stimulate growth in the industry.
He says due to the growth and expanded use of technology in the industry a decision has been made to fast track the legislation.
He says the Betting Gaming and Lotteries Commission, BGLC, is in the process of drafting regulations for a licensing regime and regulatory supervision for operators of interactive
He says even with efforts to keep up with developments in the industry, the government is mindful of the vulnerability of the industry to be used by criminals for money laundering.
Finance Minister, Audley Shaw, he was addressing the opening ceremony of the 17th Caribbean Gaming Show and Summit at the Montego Bay Convention Centre in St James.