The US Virgin Islands is preparing to regulate online gaming after Attorney General Vincent Frazer issued an opinion ruling that the territory’s existing online gaming legislation is legal.

In March the territory’s Casino Control Commission requested an opinion from AG Vincent Frazer on the legality of the Virgin Islands Internet Gaming and Internet Gambling Act, which was passed in July 2001, regarding its compliance with federal and territorial law.

After an extensive review of relevant territorial and federal statutes, the AG opined in an advisory letter that the Act is legal.

“This marks a turning point in the diversification of our gaming industry from land-based casinos and racinos, to internet gaming and gambling,” said the Virgin Islands governor John de Jongh Jr. “The implementation of this Act will fulfil our mission of attracting very successful global internet gaming companies to the Virgin Islands, and encourage new investments to our struggling economy.”

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