Costa Rica casinos to follow new rules

Costa Rica doesn’t want to become a gaming detsination like Las Vegas. New laws have been passed in Costa Rica that will change the way that many of the casinos will be run and ultimately prevent new casinos being built in Costa Rica as casinos begin to limit their operations in line with these rules.

Friday, April 11, 2008

Existing hotels with casinos and stand alone casinos must regulate their hours from 6pm until 2am from the current 24 hour operations many of them use right now. Many casinos in Costa Rica offer free alcohol to their customers however this must also come to a stop as well as restricting access for minors. The government has handed these businesses a 6 month deadline to bring these changes into effect.

More on this topic

Casino Law to Regulate Online Gambling

October 2009

Virtual casinos operating from Costa Rica will be regulated by this proposed law.

The law regulates gambling done in the country, "independent on where the gambler is located".

Irene Vizcaíno wrote in "With this clarification, the Tax Authority is rubbing its hands, as according to its data, between the Caribbean Island of Aruba and Costa Rica lies 50% of the global electronic gambling business, generating over $14 billion a year".

Costa Rica to Apply New Taxes to Casinos

July 2009

A project sponsored by the government foresees a 2% raw income tax to casinos and electronic betting operations.

The proposal will oversee operation and control of casinos and electronic betting centers.

From "Jorge Hidalgo, vice president of the Costa Rican Casinos Association, said that they support more regulation, but assured that the 2% raw income tax is way too high."

TCS John Huxley begins operations in Costa Rica

September 2008

The firm, which designs systems for casinos and equipment for gaming establishments, will establish a sales office for Latin America.

In the medium term, the company has plans to establish a plant in Costa Rica to fabricate the machines and products locally.
TCS John Huxley has been in the market of 30 years and is headquartered in London. It has 250 employees.

Nicaragua: Casino Law in December

November 2011

The new law creates a regulatory framework for casinos, game houses and slot machines and will come into force in December.

Law 766 was passed last May and published in the official gazette in July, and the Nicaraguan Tourism Institute (Intur) will be responsible for its implementation.

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Ferris & Asociados Abogados

Ferris & Associates is a boutique law firm specialized in Business Law, Litigation and Conflict Resolution and Foreign Investmente, as well as, providing personalized services.
Operates in Costa Rica and Costa Rica
Phone: (506) 2588 2505 - (506) 2288 2245

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