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Costa Rica: New gaming regulator for online gambling haven
Long on operators and short on real regulation is the widely held player perception of the Costa Rica licensing jurisdiction in online gambling. Whilst the Central American country is home to many large gambling operators, it's support for player disputes with online gambling venues is not generally well regarded.
That may be all about to change, according to reports in the local media which inform that government plans to introduce legislation which will see all licensees in the country - both land and online - brought under the real authority of a national regulator. The reports cite the worsening economic situation as the spur for the new interest in a proper regulatory regime.
The finance minister, Guillermo Zuniga, has proposed hiking the tax on gambling operator gross revenues by 2 percent to help weather the economic storm, and he has apparently confirmed that there will be more meaningful controls on operators flowing from the new legislation.
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The Finance Ministry expects to realise an additional $85 million a year from the tax hike.
Zuniga told reporters that the new gambling arrangements would see a regulatory body with responsbilities to several ministries issuing licenses and policing the operation of licensees. It would be given authority over both land and online gambling operations, he advised. The minister added that the decision to form a regulatory body brought Costa Rica in line with the international trend to regulate and license gambling.
Online gambling activity has never been formally regulated under Costa Rica’s gambling laws, with Internet operators instead taking out business-oriented licenses on the understanding that they will not allow locals to wager. Previous attempts to control online gambling by the government have not been particularly successful.
In 2003 a law was passed requiring online gambling operators to register with the Ministry of Finance and generally inconclusive debate has taken place among lawmakers in the National Assembly from time to time.
Media reports to date do not offer clarity on how a new regulator might apply taxation, licensing and compliance procedures
Cryptologic 14 top games to be provided to Loto-Quebec -
02/08/2012 : The companies have signed a multi-year agreement that will see Cryptologic providing a portfolio of quality games to the Societe du jeu virtuel du Quebec, the online gaming division of the provincial state lottery corporation Loto-Quebec, known as Espacejeux.
Utah : Online Gambling : HB108 -
02/08/2012 : An intrastate attempt by Utah politician Stephen Sandstrom to introduce state legislation banning any legalisation of internet gambling has failed at the start gate.
MORE U.S. DISCUSSION ON INTERNET GAMBLING DUE THIS WEEK -
02/08/2012 : Interest in online gambling in the United States is set to continue on Thursday this week when the US Senate Committee on Indian Affairs meets to hear the views of a wide cross section of interested parties on the possible impact of legalised internet gambling on tribal gaming.
Judge wont dismiss DoJ Black Friday charges -
02/08/2012 : Former Utah banker John Campos and e-processor Chad Elie, who face charges relating to the payment processing of online poker transactions, suffered a setback Tuesday when a Manhattan judge refused to allow their motion for dismissal of Black Friday indictments against them.
ANOTHER MAJOR INTERNET GAMBLING BUST IN MALAYSIA -
02/08/2012 : Police units in Malaysia raided a series of premises in a week long anti-online gambling operation, seizing 225 computers and detaining 47 men, according to reports from the Bernama news agency. All of the detained men were later released on bail.
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