If you so happen to be an individual in Jamaica looking for a casino license, you can expect to pay 0,000 for the application alone, under a new regulation established by Parliament. Of that amount, ,000 will be non-returnable, while the other 0,000 will cover investigations by the Casino Gaming Commission. Any additional probing costs will be charged to the applicant, as well.
Once successful, each applicant must then pony up additional licensing fees, which include a $250,000 flat rate, plus $50,000 per gaming table. There is no word on how many, or how few tables each casino is allowed. Once up and running, each casino must then follow up with annual fees of $250,000 plus $1,000 per table. A fee of $250 to $750 will be mandatory for special categories of workers, to be paid by the casino operator.
Before the application process begins, each investor must also pay a fee to the Ministry of Finance, for an Approved Integrated Resort Development order, also known as AIRD. These AIRDs are simply not handed out however, as investors must compete for them via invited bids by the Ministry of Finance. Robert Trotta’s Celebration Jamaica Limited, and Harmony Cove Limited, a partnership of the government of Jamaica and Tavistock Group were the first two qualified bids, at $150,000 a piece, also marking the first invitation. The law allows for three licenses to be issued.
