Jamaica is gearing up to inaugurate its first casino, located at the Princess Grand Jamaica Hotel in Hanover, marking a significant milestone in the nation’s economic transformation. The Casino Gaming Commission (CGC) is spearheading efforts to establish Jamaica as a regional leader in integrity, transparency, and investor confidence through a robust regulatory framework. This initiative aligns with international best practices and aims to ensure the sustainable growth of the casino gaming industry.
Cleveland Allen, CEO of the CGC, emphasized the commission’s commitment to building a foundation rooted in accountability and respect for the law. ‘Our primary responsibility is to create systems that protect investors, operators, employees, and the public while ensuring transparent and fair financial management,’ he stated.
In recent months, the CGC has accelerated its regulatory evolution by modernizing licensing, monitoring, and compliance systems. Advanced digital tools have been adopted to enhance due diligence and operational transparency. A pivotal aspect of this effort is the strategic partnership with the Financial Investigations Division (FID), formalized through a Memorandum of Understanding (MOU). This collaboration aims to detect and disrupt illicit financial activities, particularly money laundering risks associated with casino operations.
Dennis Chung, chief technical director at the FID, highlighted the significance of the MOU, stating, ‘This agreement strengthens our ability to identify and disrupt illicit financial flows, safeguarding the integrity of Jamaica’s financial system.’
The CGC’s initiatives are closely aligned with Jamaica’s broader tourism investment strategy, which focuses on attracting high-value visitors and promoting luxury resort developments with strong local linkages. Minister of Tourism Edmund Bartlett underscored the role of casino gaming as a new frontier in Jamaica’s tourism development, emphasizing the importance of responsible expansion and sustainable growth.
In addition to regulatory oversight, the CGC is placing a strong emphasis on responsible gaming and public education. Allen reiterated the commission’s commitment to fostering an informed public that understands the opportunities and responsibilities associated with casino gaming. ‘We aim to ensure that the industry grows safely and inclusively, benefiting all stakeholders,’ he added.
The Princess Grande Jamaica resort in Green Island, Hanover, will host the country’s first casino, setting the stage for a new era in Jamaica’s economic and tourism landscape.