Government missteps have left the casino industry in Bermuda dead in the water, a senior industry insider has claimed.
The comments come after the St Regis hotel declined to say whether its plans for a gaming hub were continuing in the wake of the collapse of a long-running attempt for one to be established at the Hamilton Princess & Beach Club.
A perceived lack of independence for the Bermuda Gaming Commission and the casino sector coming under the remit of David Burt, who is Minister of Finance as well as Premier, have been cited as key reasons why foreign investors, and US banks, do not want to get involved with gambling on the island.
