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Costa Rican Casinos Brace For Slot Machine Tax

by Mike Godfrey, Tax-News.com, London

01 November 2002


Following the recent outcry from the country's sportsbook operators and internet gambling services over the government's planned interim tax measures, Costa Rica's casinos have warned that plans to tax them between $250 and $300 per slot machine, per month are likely to drive smaller operators out of business.

Reporting on Thursday, local news service, AM Costa Rica revealed that: 'Casino operators will be encouraged to reduce the number of machines if the tax proposal finally becomes law. That should have a negative impact (for) those few firms that provide the machines on a contract basis.'

Certain of the jurisdiction's larger casinos are reported to have welcomed the proposed measures, reasoning that if their smaller competitors are driven out of business, they will inevitably get more custom. However, AM Costa Rica predicted yesterday that the new tax is likely to have an adverse effect on the entire sector.

The news service also expressed fears that the casinos may pass on the additional costs to their customers, by increasing the percentage of the proceeds retained by the slot machines.


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