Chile: Gov’t to present new regulation for casinos
On 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.
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