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Costa Rican gambling companies tax
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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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