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court to contest the new regulations and in June 2016 a Superior Court Judge declared void two new rules which would have given VLT’s the green light. Since then the government has released no official statement over the issue but has not ruled out pursuing the matter further.


Meanwhile 120 VLTs were installed last September in the San Juan Luis Muñoz Marín Airport after they were authorised by the Tourism Company. Annual revenues for the Tourism Company are expected to stand at between US$807,000 and US$1.8m per year which will be used to promote Puerto Rico as a tourist destination.


HORSE RACING In 1910 horse racing was legalised throughout


the island and in 1956, wagering at off site betting shops was also permitted. However, the horse racing industry has been in decline for many years due to the rise of casino gaming and illegal gaming. Te crisis has caused government revenues related to horse racing to decrease from US$31.4m in 2005 to about US$13.2m in 2013 according to the latest statistics available.


Tere is currently one track: the Camarero Race Track (Hipodromo Camarero) which was acquired by the Camarero Race Tack Corporation in 2005. Te track reopened in 2007. Since 2009 the track has been permitted to operate 2,500 slot machines at its horse race betting shops in order to help the company overcome the economic difficulties that the industry is now experiencing. Today the agencies run a network of progressive slot machines which offer a wide variety of games and high jackpots. 30 per cent of the profit made by the slot machines is returned to the operators of the horse race betting shops which are part of the network while fifteen percent of the proceeds go to a special fund in order to raise the prize fund for races held at the track.


Meanwhile, fewer races are leading to a sharp decrease in the amount of horse race betting shops on the island. In 2014 members of the industry predicted that horse racing would continue to decline if the government did not move to quickly to allow 300 slot machines to operate at the track. But there has been considerable opposition to the building of a


racino. During a public hearing on the issue in front of the House Committee on Transportation Infrastructure Recreation and Sports in September 2014 both the PRHTA and the Tourism Company underlined reservations about permitting slot machines at the track stating that 300 machines was the equivalent of having a casino operating less than 15 minutes away to an already existing casino and could well jeopardise jobs in the gaming industry.


While the new plans have yet to be approved good news for the industry came in November 2014 when the Senate voted in favour of measures designed to bring a new lease of life to horse racing. Senators agreed to reduce taxation imposed on bets from 10.54 per cent to 4 per cent and created a new fund which would be destined for promoting thoroughbred breeding and acquisition programs for thoroughbreds so that races in the future are more attractive to fans. Te new measures went into effect in 2016.


ONLINE Although Puerto Rico presently has a certain


amount of local autonomy according to the U.S. NEWSWIRE / INTERACTIVE / 247.COM P45


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