casinos are primarily a way to attract tourists to the country. As a result, casinos may only be present in what it terms “first class” hotels.
Te National Casino and Gaming Board (Dirección de Casinos y Juegos de Azar), which in turn is part of the Ministry of Finance, is responsible for granting licences and monitoring the industry. Te Board is also responsible for advising the Ministry on the issuance of licences for casinos, lotteries, bingos and slot machines. It also oversees the importation of slot machines into the Dominican Republic. Revenue generated by the industry is based on the geographical location of the casino as well as
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the number of tables in operation and is payable on a monthly basis.
While applying for a licence the operator must clearly outline the games it plans to house on the premises, the maximum bets it will allow as well as any other descriptions of the different types of gaming it will offer. In addition, the operator must provide information on its proposed opening and closing times and any other information which the gaming commission say are necessary before it issues its recommendations to the Executive branch. Applications must also include a clear description of any other entertainment activities
The Hispaniola is the island where the Dominican Republic is located, along with Haiti. It was the first place reached by Christopher Columbus, who originally named it La Española. Santo Domingo is the first capital city of North and South America and houses the first cathedral, the first university, and the first hospital in the Americas. The Dominican Republic has fought for its independence from Spain, Haiti and the United States.
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the casino plans to offer such as live shows and also demonstrate how the casino will help promote tourism in the area.
TAXATION Gaming law as it relates to casinos has been
amended a number of times mainly in order to increase gaming tax revenue. Tis tax is reviewed on a regular basis. Casinos pay taxes on a sliding scale based on how many tables are housed on the establishment and geographical location.
In 2006 taxes were raised significantly for the industry when the government passed Law
The Dominican Republic is the second largest country in a Caribbean island (after Cuba). Members of the armed forces and the national police are not allowed to vote. The official language is Spanish, although English, French and German are widely spoken. The main source of income in the Dominican Republic used to come from coffee, sugar and tobacco. Nowadays, it comes from the service sector, predominantly, tourism.
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