Saipan mayor reiterates support for Tinian online gambling and crypto plan
Ramon Blas Camacho said online gambling and a stablecoin could boost the economy.
Northern Mariana Islands.- Ramon Blas Camacho, the mayor of Saipan, has welcomed the legislature’s decision to override the veto on Senate Local Bill 24-1, which would allow online gambling and the creation of a stable coin for Tinian. According to Mariana’s Variety, Camacho repeated the argument that the move could aid economic diversification.
He said he was unfamililiar with crypto but that the island would see “what we can get out of it”.
Senate Local Bill 24-1 was introduced by three senators, Karl King-Nabors, Frank Q. Cruz, and Jude U. Hofschneider. Governor Arnold I. Palacios expressed concerns after his veto was overridden, noting the problems the Philippines had with offshore gaming operators. He raised concerns about the regulatory abilities of the Tinian Casino Gaming Control Commission and reiterated the advice of attorney general Edward E. Manibusan, who said that the Tinian and Aguiguan Legislative Delegation does not have the authority to regulate matters that are not strictly local to Tinian.
