Major international chains like Las Vegas Sands and Trump Entertainment Resorts should be able to bid to open a casino in Bermuda.
A report to Government recommends an open bidding process for a single casino, preferably in Hamilton.
It stipulates that the facility would not have to be locally owned and run and highlights the benefits of attracting an experienced international company.
"While we did receive submissions from locals that consideration should not be given to allow such a casino to be operated by an international offshore entity, but we do believe that it is in Bermuda's interest for this to be seen as a sophisticated an operation as possible...
"We therefore would recommend that Bermuda go through an RFP process such that the best in the world can compete for the right to run the facility," says the report from the Bermuda Task Force on Gaming.
The Task Force recommendations were based largely on a report by consultants the Innovation group.
The Innovation report also highlights the benefits of allowing established brand name casinos to bid for the right to run a Bermuda casino.
It cites the example of Singapore which attracted a bidding war from investment groups before awarding 30-year operating concessions to Genting and Las Vegas Sands when it legalized casino gaining in 2005.
The Bermuda task Force report adds: "There are strong arguments that well known international operators will do much to enhance the operations and will attract more business to Bermuda by their reputation and marketing activities it will also enable the operator to introduce reciprocal benefits between the Bermuda casino and other casinos located elsewhere."
Major hotels, under licence, would be free to run their own casinos.
