Grenada’s financial regulatory body has terminated the operating license of the nation’s last remaining international betting company, marking the culmination of a multi-year legislative transformation. The Grenada Authority for the Regulation of Financial Institutions (GARFIN) officially revoked Bravio Ltd.’s authorization effective immediately, according to a notice published in the February 13, 2026 Government Gazette.
The regulatory shift began in 2021 when the former New National Party administration repealed the International Betting Act Cap 151A, which had previously governed such operations. This legislative action was further reinforced in 2023 through the International Companies (Repeal Act) (Validation) Bill, enacted by the current Dickon Mitchell Administration.
The 2023 legislation specifically addressed the validation status of international companies that had failed to meet statutory requirements for continued operation under the Companies Act, Chapter 58A following the revocation of the International Companies Act, Chapter 152. The bill established provisions for listed international companies to continue business operations in compliance with the updated regulatory framework.
Executive Director Denis Felix of GARFIN formally announced the cancellation, citing Section 10 of the International Betting Act Cap. 151A as the legal basis for the action. The public notice advised citizens and potential business partners to acknowledge this regulatory development and adjust their dealings accordingly.
This decisive action represents the final implementation of Grenada’s comprehensive restructuring of its international financial services regulatory environment, effectively closing the chapter on international betting operations within the country’s jurisdiction.