Posts Tagged ‘online gambling regulation in costa rica’

Costa Rica To Increase Casino Control

Friday, July 31st, 2009

Not every one of the online casinos out there currently engaged in business is having an easy time of it these days. With the oppressive recession running many online casino businesses dry and the threat of regulation within the United States looming over a great many concerned operators out there, these are intense days.

The Central American nation of Costa Rica has recently made moves to progress further with their own internet casino legislation that will aim to bring about firmer controls on casino gambling sites that are currently up and operating in the country. This move comes in part as a result of criticism that Costa Rica recently received from an international policing group.

While the government of Costa Rica has already within the past year made a concerted effort to tighten up their industry of online casinos in terms of a strict adherence to standards and quality gambling, apparently those efforts were not enough. The Financial Action Task Force has indicated that the country needs to step up their game in terms of responding to this issue. In the works right now is a bill that aims at bringing about a substantial increase in government oversight.

Furthermore, it calls for increasing the tax amount by 2%. That bill that has been proposed is advancing through the legislature in Costa Rica right now. Who knows what the outcome will be, but the nation is doing everything in their power to make sure that their casino industry is maintained in control. The plan right now is for Costa Rica to apply the additional revenue raised by the added tax to offset slumped government revenue and the increases in costs related to operations.

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