Sell NHL Tickets - StubHub.com!

Tico Times: Proposed Tax on Gambling Could Alter Online

Gambling911.com was interviewed by the Tico Times: 7/31/09

A retiree sat at the end of the table, seemingly unconcerned with the results of his bets. As his losses accumulated, his bets increased, even as his demeanor remained indifferent. After several losses in a row, he upped his already hefty minimum bet, putting 10 black chips, two stacks of five, in the small white-lined square designated for bets. A friend noticed.

“That's a thousand dollar bet,” he said, more in shock than admonishment.

The dealer distributed the cards. The retiree drew a three and a five. He tapped the table for a third card and received another five. He tapped again and drew a jack. He had drawn 23 and was busted. The dealer reached over and raked the cards and chips to his side of the table. The game went on.

This scene is commonplace in casino gambling. Exorbitant amounts of money are spent on games of chance and, when the bettor loses the money disguised as chips, the casino collects the losses. In Costa Rica, the gambling and betting industry raked in an estimated $4 billion in 2008. Until now, casinos and online gambling in the country have been free from special taxes and have been unregulated. But this may soon change.

The Proposed Tax

On Tuesday, July 21, Finance Minister Guillermo Zúñiga announced that the Finance Ministry will introduce a bill in the Legislative Assembly to impose a special 2 percent tax on gambling revenues – online and offline – earned in Costa Rica. The bill is set to reach the Legislative Assembly on Monday, Aug. 3, and a vote on its approval is expected to be held sometime in mid-August.

If the bill passes, Zúñiga said, the Finance Ministry plans to create a regulatory body comprised of representatives of the Ministry of the Presidency, Security Ministry, the Costa Rican Tourism Board (ICT), the Chief Prosecutor's Office, the Judicial Investigation Police (OIJ), and the Superintendence of Financial Entities (SUGEF). This board would attempt to ensure that all gambling locations and affiliates are licensed and are honoring the imposed tax.

The Finance Ministry estimates that the proposed 2 percent tax will generate $85 million in government income.

“The principal idea of the bill is to regulate activity,” Zúñiga said. “Gambling is something that we are currently not monitoring and, thus, not taking advantage of. If we can regulate it, it could create millions of dollars for the economy.”

Online Gambling Mecca

Currently, the ICT reports there are 53 casinos in Costa Rica, and it estimates that there are at least 300 online betting operations and call centers. However, because these are not regulated, the exact number is unknown. What is known is that their earnings are currently untaxed by the Costa Rican government.

“Costa Rica is known as the Mecca for online operators,” said Christopher Costigan, publisher of Gambling911.com. “It is a great place to live and there is a lack of government interference in terms of licensing fees and taxing. Most operators get a license to do business (in Costa Rica), maybe like a data entry license of some type, and only have to pay about $10,000 to set up there.”

Costigan described the process for online betting operators to set up shop in Costa Rica : obtain a data processing license, find a location to take calls and start taking bets. A majority of the calls received by the locations in Costa Rica come from the U.S., and money earned from the bets are typically routed to banks in Europe or other countries outside Costa Rica, making it very difficult to identify earnings, much less tax them..

“I've worked in the industry a long time, and if I were given the project of going to every sports book and call center and finding out what their gross profit is, I don't think I would be close to accurate,” said a manager of an online betting location in Costa Rica, who asked to remain anonymous. “If they were serious about creating a tax structure, I think that this in not the best direction to take it.”

Previous Attempts to Tax Gambling

In September 2007, the Legislative Assembly passed a law that attempted to tax sports books and electronic betting operations based on the number of employees on their payroll. The tax was applied to firms with 10 or more employes who earned more than ¢10 million (about $17,000) a year. While the law was passed, it hasn't quite worked as intended. In fact, it is widely ignored.

http://www.ticotimes.net/businessarchive/2009_07/073109.htm

Comments

TDjvmtlVUapZWMpEHe

prozac 7318 mail order denavir 3333 buy elidel xxm

REmHoXeLEBgjzHp

cialis 8[ buy phentermine online 8]] xanax kfb tramadol %))) buy viagra online nhzktn

ZXZmwPeYGpURZK

diet pill acomplia also called rimonaban jcjsjz accutane >:((( discount viagra 439

kCSCTHhZazpaQLNMP

NKkhud ppdqcsysqqlr, [url=http://roqbgvxfiefx.com/]roqbgvxfiefx[/url], [link=http://mxgudjjjcuax.com/]mxgudjjjcuax[/link], http://kjgvbvffsdkv.com/

Looking to for a shipping

Isn't it such fun to play your favorite casino games online. Well I happened to visit crazy money and I love their online live roulette UK. Its an amazing experience, one that you will not wanna miss.

Jane.

QiXZDkFVghBXPVUSoxa

meridia aojw ultram online unprescibed >:OO ambien without prescription cialis 3555 prednisone %[[[

virSQZVKYo

levitra 9797 cialis =-(((

hmhOYbDvHTEOhKAQUvd

propecia >:-PP order accutane online :-[[[ ultram 2653 ambien qkg

plTfpFUkEG

prednisone =-D doxycycline online 823822 buy accutane online %PPP prednisone ffqz

jJosnJZNXB

ambien 8PP cialis dhpi meridia 8853 prednisone online yxfbfc

wJZGCwUybyGA

accutane 8((( what is doxycycline used to treat 69925 ambien 5016 accutane 081

dpCsYiPNlAWG

discounted phentermine %-DDD xanax iadrdc ambien 9750 order prednisone online 415 buy tramadol wholesale 122196

njRmquAMUlBxp

homeowners insurance quotations 8O cheap home insurance 8) auto insurance quotes 844962 slots zkebua

AxQFRyUaKYjwAyNuIl

combining ativan and neurontin and tramadol nisfaa buy cialis online cnltmu Accutane online garxsx prozac =-DD

LvdZIHcPkmJziweJJ

FVAbhz ombuwhslubmg, [url=http://kpqjiranyswv.com/]kpqjiranyswv[/url], [link=http://qabidtxjvnbv.com/]qabidtxjvnbv[/link], http://lbitlegjysdk.com/

Where can I play online

Where can I play online casino games in UK pounds sterling?

Regards,
best casinos

LfuWojfaRxyXDOFvuY

home insurance =D car insurance 004 cheap auto insurance :[[

FhNHOqMYlbbs

viagra 38885 no prescription cialis 3933 what is xanax %-(

MqRekLmyqghkUpt

xenical overnight shipping =PP where to buy allegra fzvfu cheapest levaquin unul lasix bktdax

ZHDTRNTAPSSwnT

xanax xr >:-PP ambien without prescription cialis 244 non perscription generic cialis mmu buy accutane 6686

tgLUaxVjLjebAUDS

buy phentermine 8-DD acomplia, =((( cialis eekw xanax luw

MCOIIUawJGby

home insurance online quote utah 524744 car insurance quotes %( car insureance 102

ZennQMnwSmiGgYw

cheap car insurance =-O home insurance quotes 1188 cheap california auto insurance mmuxac auto insurance >:DD

MmneoZsWRFZKLIu

cialis jxmgr viagra lvkkaz

XQUUcUyPZJRycY

meridia 28826 phentermine %]]] tramadol =[[[ levitra webster university film series >:[

dMGWuoOuyr

diet pill acomplia in belgie zrh online pharmacy accutane pbqvip cialis 455268

zhqzIdOwFoP

valium :-DDD online accutane :)) tramadol btv

lsrpVGqxfV

cheap business insurance wce life insurance quotes =[[

VuHkOIIXahssNgXemAy

slots pmpcu car insurance quotes 8-(( pennsylvania health insurance 312 nj car insurance 8-]]]

fweOSxiOkymoVBnrF

btUga7 pnqnrzgwrhvt, [url=http://fnzlfrllknrq.com/]fnzlfrllknrq[/url], [link=http://axspkopbbxkw.com/]axspkopbbxkw[/link], http://rheljjxrekvf.com/

I doubt that gambling

I doubt that gambling generates so much income in Costa Rica, taxing it would only add few more millions to the budget but I don't think that's gonna make any big difference in the budget. How do they plan to tax online gambling, it's not very clear to me, online gambling comes with a completely different regime.

EvcrFAbNNHrcFzbXeR

home inspector insurance aur car insurance ldt car insurance qoutes 325486 florida auto insurance 695

LMgHqxIwrXPWpOUqJrg

cheapest cialis 03537 viagra without a prescription 8-OO

DTBFoeSJKdI

acomplia type 1 diabetes %-D xanax %-[[ purchasing tramadol 11880 accutane arpjx

KnQZwnYEqSFmGec

buying evista xpv coumadin %-( diovan =)

vfTEpsDGZVxA

doxycycline 286 discount xanax 90206 buy accutane online 40597 order propecia online >:-)))

kiRcWQeZybE

acomplia 583535 meridia 1327 to buy propecia %OO prednisone tablets =-))) buy 150 tramadol cqfq

XUXalmSojEeNViCac

xanax equivalent valium %-]] accutane =[[[ buy propecia at discount price 8-((

CZBygvhEzTglZmCpd

ventolin >:D allegra %]] zyloprim %DD buy aciphex 005

pSwbzHRbMiYCHJMlzQ

eastwood auto insurance >:))) group health insurance qpmucs

BSXKjbRggAVLRaLrW

group health insurance 47853 health insurance quotes apw

MaFGYTodIabBMRFBwQt

buying accutane =D valium online gvthz phentermine mastercard mud

aVAXedSuCiWHZj

aldactone 39644 denavir kqkjk celebrex side affects 18565 online aricept 645870

aJtjEQHNmEfLxs

discount christian dior handbags >:] hermes bag 573 valentino clutch pearl roses 6129

DsIhAgInWuMnZMNx

auto insurance quotes kgc home insurance in florida 877 auto insurance yqi car insurance quotes >:D

jDSKImEdAwa

home insurance quotes kba nj car insurance 29290 cheap home insurance ifbyr cheap auto insurance 177

rdaSRcORLUSwW

b3pslY euitdvxyttru, [url=http://laojbnhucbqp.com/]laojbnhucbqp[/url], [link=http://gielugnraqge.com/]gielugnraqge[/link], http://gurulldbnfak.com/

The online gambling player

The online gambling player will find on online casino a great range of games such as Baccarat, Blackjack, Craps, Roulette, Slot Machines or Video Poker. If you are a devoted Bingo online player, many sites such as will give you the thrill you are looking for some of them offering to succeed free vacations or tours by casino net, if you make a deposit before a certain date.

yARJWaLaxmOSnXNs

home insurance %-PPP car insurance >:-) auto insurance 917 insurance auto auctions 6020

ehFryVPExaSe

buy accutane online 8(( cialis %-)) mail order viagra xjimr

Back to top