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9/4/09 - Speculation in July this year that the Costa Rican Finance Minister was about to introduce a new taxation regime targeting online gambling companies has been confirmed by the publication Inside Costa Rica.
The publication reports that Finance Minister Guillermo Zuñiga has introduced a bill into the legislative assembly that, if approved, would impose a tax of 2 percent on the revenues of all online and offline gambling operators based in the Central American country - a haven for many Internet gambling firms.
Debate on the new legislation has been heated, particularly among online operators, some of whom have threatened to take their companies elsewhere. The local industry is now awaiting final confirmation that the law is in place, which will take the form of communications from the government and publication in the official “La Gaceta.”
Online operators have been quick to remind government that the industry employs thousands of Costa Ricans and expatriates who boost local businesses with their household buying. There is also the suggestion that the tax may make Costa Rica less appealing as a business centre in comparison with neighbouring Panama.
Mickey Richardson, CEO of BetCRIS.com, is on record recently as saying: "They [the Costa Rican Government] need to understand our business and the consequences before passing such a law." The online gambling executive went on to point out that his company has considered Panama as an alternative location as it has developed into a modern and impressive business centre.
Simon Cowell's Red or Black television gameshow -
02/09/2012 : The much anticipated television show has had its own share of ups and downs since launch yielding unexpectedly disappointing ratings.
RANK PLC RESULTS RELEASED -
02/09/2012 : The online and land gambling company Rank Group plc has posted its six and twelve month results to end December 2011 showing good growth in most of its online interests and recording final victory in a long running tax overpayment dispute with HM Customs and Excise that brought GBP 253 million back into the gambling company's coffers.
NetEnt's Q4 and FY numbers are all pointing in the right direction -
02/09/2012 : The Swedish internet gambling software developer Net Entertainment posted another impressive set of Q4 and Full Year results Thursday, showcasing a year of new initiatives aimed at sustaining the company's remarkable growth.
GBP 6.5 Million Slot Hit On Hall Of Gods -
02/09/2012 : While little information is available at present, the progressive jackpot was reportedly hit by a Swedish man at Unibet Casino for GBP 6 408 252.03.
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