Title 32, Sports and Parks

(a) There is hereby imposed an annual tax on gross revenues as defined in section 402 of this title as follows:(a) Eight (8%) percent per annum during the first two years of operations,(b) Ten (10%) percent per annum during the third and fourth years of operations which annual ta…

(a) (1) Effective with the first fiscal year beginning after December 31, 1995, an investment alternative tax is imposed on the gross revenue of the licensee in the amount of 2.5 percent of gross revenue, as defined in section 402 of this title. The tax imposed with respect to ea…

(a) There is hereby created and established in the Department of Finance a separate special account to be known as the “Casino Revenue Fund” into which shall be deposited all revenues derived from the tax imposed pursuant to Title 32, sections 515 and 516(a)(1) Virgin Islands Cod…

(a) The Commission shall allocate ten (10%) percent of the moneys from the Casino Revenue Fund earmarked to youth related programs to assist in the partial funding of the following job training programs:(1) for financial assistance to help casino employees to obtain their G.E.D. …

(a) Any income realized by reason of the investment of the moneys in the “Casino Revenue Fund”, shall be credited to the fund. (b) For the purpose of determining the amount of investment income to be credited to the “Casino Revenue Fund” the Commissioner of Finance shall calculat…

The Commission, in conjunction with the Bureau of Internal Revenue, shall make rules and regulations for the determination of profits where not otherwise provided under this chapter or the tax laws of the United States and the Virgin Islands, under the provisions of this section.

(a) The tax imposed under section 516 of this title shall be due within 30 calendar days following the last day of the month concerned and shall be based upon gross revenues derived during the previous month. A licensee shall file its first return and shall report gross revenues …

The Virgin Islands Bureau of Internal Revenue shall administer the taxes imposed under sections 515 and 516 of this title in accordance with the procedures set out in Title 33, Virgin Islands Code.

(a) Any licensee who shall fail to file its return when due or to pay any tax or deposit when the same becomes due, as herein provided, shall be subject to the payment of a penalty at the rate of five (5%) percent per month or any fraction thereof, but shall not exceed twenty-fiv…

(a) Taxes—In addition to the other powers granted by this chapter, the Virgin Islands Bureau of Internal Revenue is hereby authorized and empowered to prepare and distribute all forms and returns necessary for the implementation of this chapter related to the taxes imposed by thi…

The taxes imposed by this chapter shall be governed in all respects by the provisions of Title 33 of the Virgin Islands Code, and the provisions of this chapter related to the administration of such taxes are intended to be consistent with the provisions of Title 33 of the Virgin…

The Legislature declares that the opportunity for full participation of bona fide continuous resident's business enterprises and women's business enterprises in the tourism and casino industry is essential if social and economic parity is to be obtained and if the local economy o…

(a) As used in this chapter:(a) “Bona fide resident” is (1) a person who has been domiciled in the Virgin Islands continuously for at least five (5) years or was born in the Virgin Islands;(b) “Bona fide resident business enterprise is:(1) A firm, partnership or corporation in wh…

(a) Notwithstanding the provisions of any law, rule or regulation to the contrary, every casino licensee shall establish goals of expending at least 65% of the dollar value of its purchased goods and services with bona fide residents business enterprises. Each casino licensee sha…

If the Commission determines that the provisions of section 528 of this title relating to expenditures and assignment to preferred contractor's business enterprises have not been met by a licensee, the Commission may suspend or revoke the casino license, or fine or impose appropr…

The Department of Labor shall establish and administer a unified certification procedure for preferred contractor's business enterprises that do business with casino licensees on contracts for goods and services.

The Department of Labor shall supply casino licensees with a list of those preferred contractor's business enterprises which it has certified. The Department shall review the list annually to determine which of those preferred contractor's business enterprises shall continue to b…

The Department of Labor and the Casino Control Commission shall develop such other regulations as may be necessary to interpret and implement the provisions of this chapter.

(1) Notwithstanding any law to the contrary:(1) No special legislation or IDC certificate shall exempt the casino licensee from full compliance with the provisions of this chapter;(2) The provisions of this chapter shall be applicable to any and all corporations, businesses, or i…

This Article may be cited and shall be known as the “Virgin Islands Internet Gaming and Internet Gambling Act”.

It is the purpose of this Article to make provision for the protection of persons participating in approved Internet gaming and approved Internet gambling by the licensing and regulation of such services.

(a) As used in this Article, the words and terms have the meanings ascribed unless a different meaning clearly appears in the context:(a) “Approved Game” or “Approved Gambling Game” means an Internet game or Internet gambling authorized and permitted pursuant to the rules and reg…

(a) Consistent with this chapter and in accordance with the provisions of section 421(a), (b), (c) and (d), of this title, the Commission shall promulgate such rules and regulations as may be necessary to effectuate the purposes of this Article. Internet Gaming shall not commence…

(a) Unless first obtaining a license pursuant to subarticle B of this Article, a person or entity shall not:(1) conduct an Internet gaming or Internet gambling business at or from a place in the Virgin Islands;(2) own, control, or operate a computer server in the Virgin Islands t…

An approved Internet gaming or approved Internet gambling licensee may consolidate or merge with a casino operation in the Virgin Islands as provided in this chapter with the approval of the Commission.

(a) A person applying for a license pursuant to this Article must do so in writing, under oath, and in a form prescribed by the Commission. The application must state or contain:(1) the legal name, residential and business addresses of the applicant and any fictitious or trade na…

(a) A surety bond, or other similar security acceptable to the Commission, in an amount of not less than $100,000 must accompany an application for a license. (b) Notwithstanding subsection (a), the Commission, may increase the amount of security required based upon the potential…

(a) Upon the filing of an application for a license, under the provisions of this Article and such supplemental information as the Commission may require, the Commission shall request the Division to conduct such investigation into the qualification of the applicant, and the Comm…

(a) A licensee under this Article shall pay an annual license fee in accordance with the provisions of section 607(d) of this Article and an annual renewal fee of $25,000 thirty (30) days before the anniversary of the issuance of the license or, if that date is not a business day…

In order to assure the licensee's ability to meet its obligations to players, the Commission shall establish the necessary amounts of funds to be segregated in a manner that they are bankruptcy remote and accessible by the Commission to pay players' claims.

The Commission shall ensure that approved Internet games and approved Internet gambling of each licensee is audited and certified by a licensed auditor approved by the Commission to ensure that the payout to players is commensurate with the odds of the game played. The licensee s…

(a) Notwithstanding the provisions of Article XI of this chapter, and in lieu of taxes and fees imposed pursuant to such Article, the Master Service Provider and the licensees shall pay taxes to the Casino Revenue Fund on Gross Service Provider Revenues, gross Internet gaming and…

(a) A licensee shall not permit a person to play an approved Internet game or approved Internet gambling unless the person is registered with the licensee as a player and the person's identity has been authenticated in accordance with the conditions of the license. (b) A licensee…

(a) A licensee shall, at the request of a registered player or the personal representative of the registered player, remit funds of the player held by the licensee on behalf of the player as directed by the player no later than two (2) business days after the request is received.…

A licensee shall not provide credit to a player. Players shall be required to deposit money prior to playing any approved Internet game or approved Internet gambling by payment in advance, credit or debit card, wire transfer, check, money order, or Internet funds. Notwithstanding…

If no transaction has been recorded on behalf of a player for a period of one (1) year, the licensee shall remit any funds held on behalf of the player to the player or, if the player cannot be located, such funds shall be paid into the Virgin Islands Education Initiative Fund es…

(a) A registered player may, by notice to a licensee, set a limit on the amount the player may wager. (b) A player who has set a limit pursuant to this section may amend or revoke the limit on wagers by written notice given to the licensee. (c) A notice increasing or revoking the…

(a) If a person or player gives written notice to a licensee to the effect that the person or player is not to be permitted to play an approved Internet game or approved Internet gambling conducted by the licensee, the licensee shall:(1) Forward a copy of the notice to Commission…

(a) If a claim for a prize in an approved Internet game or approved Internet gambling is made to a licensee within one (1) year after the end of the approved Internet game or approved Internet gambling or, the licensee after immediate notification to the Commission shall:(1) imme…

(a) If a licensee has reason to believe that the result of an approved Internet game or approved Internet gambling has been affected by an illegal activity or malfunction of equipment, the licensee may withhold a prize in the approved Internet game or approved Internet gambling. …

(a) A licensee shall investigate:(1) a complaint made to the licensee by a person about:(A) the conduct of an approved Internet game or approved Internet gambling by the licensee; or(B) the conduct of an agent of the licensee in operations related to an approved Internet game or …

(a) The Commission shall conduct examinations of a licensee with or without notice when deemed appropriate by the Commission. (b) The Commission shall examine the licensee without having given notice, if the Commission has reason to believe that the licensee is engaging in an uns…

(a) A licensee shall file with the Commission and the Master Service Provider within fifteen (15) business days any changes in information provided in a licensee's application and any other changes prescribed by the Commission. (b) A licensee shall file with the Commission and th…

(a) A person or group of persons that proposes to acquire control shall give written notice to the Commission and the Master Service Provider and request approval of the acquisition and also submit a nonrefundable fee of $25,000 to the Commission or the cost of the investigation …

(a) A licensee shall maintain books, accounts, documents, and other records necessary to determine the licensee's compliance with this Article. A licensee shall maintain the following for at least three (3) years after the record is created:(1) a record of each wager accepted;(2)…