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Panama revenue goes up by 12.25%

Panama’s Gaming Control Board (JCJ) has reported revenue for April at US$3.68 million from casino, slots, racing, sport betting and bingo, showing an increase of 12.25% over March 2010 with US $2.28 million.

According to JCJ numbers, growth in the industry and contributions to the State has been sustained through the past few years, with slots in April reporting income at US $1.8 million, while casino games totalled US $1.4 million. There are 14 casinos, 29 slots operations, 11 racing and sports betting operations and 1 bingo in Panama.

Buenos Aires legislation proposes licensing changes

Representative Jorge Macri has presented a legislation

project to the Buenos Aires province two-tier Congress to set up a Gaming Commission to enable the Province to control the gaming sector in its jurisdiction. According to the project, the provincial government should have the right to license bingos, grant permits to slots operations, reissue permits and transfer of gaming halls, within the Buenos Aires province. The commission would also be able to observe or reject

licences granted or about to be granted, approve third party operations; and to bring legal action on matters of irregularities on licensing, unauthorized transfers, and increment of new slot machines. At present licensing matters in local jurisdictions is in the hands of provincial lottery administrations.

Casino Law approval in Puerto Rico

tragamonedas tipo A fueron las que más ingreso generaron con US $1,8 millones; mientras que la actividad de los casinos completos recaudaron US $1.4 millones. En Panamá existen 14 salas de casinos completos, 29 salas de máquinas tragamonedas Tipo “A”, 11 agencias de apuestas y 1 sala de bingo.

Proyecto en Buenos Aires cambiaría control del sector

El diputado Jorge Macri, ha presentado un proyecto legislativo para que una comisión bicameral de la Provincia de Buenos Aires controle el sector de los juegos de azar, con potestad de fiscalizar los bingos, otorgar de licencias para el juego de máquinas tragamonedas, renovaciones, y traslados de las casas de juego en la provincia capital de Argentina. La comisión podrá formular observaciones u objeciones sobre

las licencias otorgadas, por otorgarse, terceros contratados, traslados de salas existentes e incorporación de nuevas máquinas en salas vigentes. Además, la comisión se atribuye la potestad de efectuar denuncias si de su actuación surgieran irregularidades sobre las licencias, traslados de salas o incorporación de nuevas máquinas tragamonedas. A la fecha, las autorizaciones y licencias están bajo el control de administraciones provinciales de lotería.

The House of Representatives approved, last May, a bill to set the regulations to allow a casino on the old Roosevelt Roads military base on the coast in Ceiba, some 50 kilometres from the Puerto Rican capital San Juan, after its conversion into an innovative entertainment centre. If this legislative project is passed by the Senate, the establishment of similar casino resorts throughout the island would make possible casino, slot machine and video lottery development in all municipalities that wish to host such projects.

The new law includes an amendment put forward by the

Department of Economic and Commercial Development (DDEC), which proposes a scale of taxation dependent on the amount invested. For example, a fixed tax rate of 25% would be levied on a development where US$500 million has been invested, 15% on a US$750 million investment, 10% on US$1 billion, down to 8% where US$1.25 billion or more has been invested. Any project must include three elements: a world class hotel of 4-star minimum; commercial and recreational facilities; and tourist attractions such as casinos.

The proposed law is not without opposition from legislators and community leaders. Whereas the original proposal was for Ceiba, gaming establishments are now being proposed throughout Puerto Rico. For some this is a step too far as the

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