The Government of Guyana has unveiled plans to introduce stringent regulatory reforms and taxation measures aimed at curbing the escalating gambling crisis, which has left numerous families in financial turmoil. Vice President Bharrat Jagdeo highlighted the alarming proliferation of gambling activities, which have transitioned from traditional hotel-based casinos to pervasive mobile applications, exacerbating social issues, particularly among single parents. Speaking at his weekly press briefing, Jagdeo emphasized the detrimental impact of a lenient licensing and taxation framework, which has facilitated the unchecked spread of gambling across the nation. Originally intended to bolster the hotel industry by generating supplementary revenue, the issuance of casino licenses was initially restricted to establishments with at least 150 rooms and high service standards. However, the landscape has drastically shifted, with hundreds of small gambling outlets now operating nationwide, many of which are accessible via apps enabling 24/7 betting. Jagdeo expressed grave concern over the societal ramifications, citing numerous accounts of families being torn apart and parents squandering their earnings on online betting. He stressed that while the government respects citizens’ rights, gambling must be transformed into a high-cost, tightly regulated activity to deter excessive participation. The proposed measures will include robust taxation policies and a call for a cultural shift in attitudes towards gambling, which he believes undermines long-term aspirations such as homeownership and financial security. The decision to act swiftly has been bolstered by appeals from religious organizations, with Jagdeo firmly stating, ‘We are not going to allow that to continue.’
