International edition
October 27, 2020

Would come under the supervision Casino Superintendent’s Office

Chile: Gov’t to present new regulation for casinos

Chile: Gov’t to present new regulation for casinos
(Chile).- January 8 is the tentative date that the government has set to present a bill that seeks to regulate the seven local casinos which will be supervised by the Casino Superintendent’s Office.
Mexico | 01/05/2015

(Chile).- January 8 is the tentative date that the government has set to present a bill that seeks to regulate the seven local casinos which will be supervised by the Casino Superintendent’s Office.

O

n December 31st, 2015, the seven domestic casinos must leave the old legal system that oversees them and will be placed under the umbrella of the Casino Superintendent’s Office, an entity that now oversees  the 17 casinos, which has been in place since 2005.

The process

The legal initiative will issue a license to remain indefinitely in the same communities where they  currently operate. That means that the casinos will remain in the respective cities of Arica, Iquique, Coquimbo, Viña del Mar, Pucón, Puerto Varas and Puerto Natales. Another point of discussion is how the income generated will be allocated.

There are two types of licenses in the gaming industry at this present tine: local licenses and the operating licenses regulated by the Casino Superintendent’s Office; the main difference between these two lies in form of collection. That’s why, according to SCJ, each licencee will need to pay a specific tax with a unique rate of 20%, distributed as such: 10% for the local government where the casino is located and 10% for the regional government.

Although both the regional and local governments have agreed to the measure, they insist that there must be a provision included that states that each licensee must assure the local government of the resources that they current have today can fund for the future project supported in the bill.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook