House Bill 8 69-5calls for the establishment of the commission which will receive proposals from investors who wishes to engage in casino gaming in Palau.
According to the measure, one of the functions of the commission will be to internationally solicit proposals qualified firms and investors who wish to engage in casino gaming operations in Palau.
From the proposal, the commission will be selecting and from the selection questions will be prepared to be placed on a referendum to ask voters if they choose to reject or accept the proposal.
The members of the commission will be composed of 10 people.
The measure authored by Del. Jerry Nabeyama revives the casino gaming issue in the country.
Earlier President Johnson Toribiong has vetoed a casino bill, describing it as a get-rich-quick scheme that will not benefit Palau.
The measure stated that controlled gaming in Palau will diversify its tourism base and attract new investments.
Toribiong disagreed.
According to Toribiong, the people of Palau should decide whether they want to legalize casino gaming in their country.
The vetoed bill did not muster the majority votes, the bill died after there was not enough votes from both houses of Congress to override the presidential veto.
