Three months after the election of President Laura Chincilla the government of Costa Rica sets to regulate the online gambling industry in the Central American country. Currently there are 380 gambling companies based in Costa Rica, most of them serving consumers in the United States, mainly because they pay no taxes and only need a date-processing license to be allowed to operate in the country.
The bill aims to put an end to the current situation by establishing a gambling control board for online gaming that would be funded by a new tax of 0.5% that will be deducted from gross income. That new fine would also be used to help fighting crime and fund the country’s education system. The new gambling control board would issue six years-long licenses for a fee of $50,000 per year. However, this is not the very first time that Costa Rican authorities have tried to introduce measures to regulate the online casino industry: just a year ago the Finance Ministry attempted to introduce a two percent tax on gambling, trying to raise $85 million.
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