The law regulates gambling done in the country, "independent on where the gambler is located".
Irene Vizcaíno wrote in Nacion.com: "With this clarification, the Tax Authority is rubbing its hands, as according to its data, between the Caribbean Island of Aruba and Costa Rica lies 50% of the global electronic gambling business, generating over $14 billion a year".
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A project sponsored by the government foresees a 2% raw income tax to casinos and electronic betting operations.
The proposal will oversee operation and control of casinos and electronic betting centers.
From Nacion.com: "Jorge Hidalgo, vice president of the Costa Rican Casinos Association, said that they support more regulation, but assured that the 2% raw income tax is way too high."
The new law creates a regulatory framework for casinos, game houses and slot machines and will come into force in December.
Law 766 was passed last May and published in the official gazette in July, and the Nicaraguan Tourism Institute (Intur) will be responsible for its implementation.
The Law Project that regulates bets, casinos and other gambling games was presented at the Congress.
The activity will have a 2% tax over gross revenue, and will have to be declared and payed among the first 10 days every month.
Aditionally, "...each casino or gambling house will have to obtain an operations license, issued by the National Regulatory Comission of bets and gambling games", according to La Prensa Libre in its website.
New regulations have been published in the Official Gazette, and will come into effect in December.
The new law creates a regulatory framework for casinos, gaming/slot machines halls and establishes the creation of a governing body for the sector.
"The law states that the enforcement authority is the Nicaraguan Institute of Tourism (Intur), through a department of casinos and games to be created when the legislation comes into effect and which will be governed by the Board of Intur."