Bill being prepared that would legalize gaming rooms in order to collect taxes and control money laundering.
Games of chance are currently prohibited in Guatemala, with the exception of authorized lotteries. However, though prohibited, they are still played and represent approximately $125,000 worth of annual money laundering, says Rosa María de Frade, member of the Guatemalan Economy Committee according to an article by Suseth Casasola in Sigloxxi.com.
The Executive Branch has been assigned $16.7 million for advertising in 2009, and the figure could reach $24 million.
According to a note published on prensalibre.com, in 2008 around $10 million was utilized.
"Rosa Maria de Frade, a lawmaker from the Guatemala Party and ex-secretary of Social Communication for the Presidency, emphasized that the Government will have to establish priorities and measures to deal with the crisis.
The Guatemalan Exporters Association is a private non-profit entity, established in 1982; that represents, promotes and develops non traditional exports of Guatemalan companies.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Guatemala
Phone: (502) 2422-3400