Project that would equitably redistribute income from slots approved in Puerto Rico
Wednesday 11 de October 2023 / 12:00
2 minutos de lectura
(San Juan).- The “Gaming Law” previously established an unequal distribution of income, where “Group A” received 45% of the annual profits and the remaining 55% went to the General Fund.
The representative of the Popular Democratic Party (PPD), Ángel Matos García, reported this Monday that amendments to the “Law on Gambling and Authorization of Slot Machines in Casinos” were approved so that the income generated is distributed equitably to government entities.
Matos García explained that the approval of this project would allow the University of Puerto Rico (UPR) to receive greater resources. The “Gaming Law” previously established an unequal distribution of income, where “Group A” received 45% of the annual net income and the remaining 55% went to the General Fund.
The proposed modification seeks to ensure that “Group B” receives its fair share of these revenues, which includes funds for the UPR and other entities.
“This new law will allow a more equitable distribution of income, benefiting both casino operators and government entities that are part of Group B, especially our main educational center, the UPR,” explained the popular leader.
Likewise, the official indicated that the new formula will allow a more effective and uniform projection for both sectors, without being at the expense of fluctuations in disbursements.
“Group A” is made up of all concessionaires that have slot machines in their gaming rooms. Meanwhile, “Group B” is made up of a Special Fund, the General Fund, the Fund for the Development of the Tourism Industry and the General Fund of the University of Puerto Rico.
“Law 116 of 2023 represents a significant step towards a fairer distribution of income generated by slot machines in Puerto Rico's casinos, contributing to economic recovery and supporting local merchants,” he concluded by saying.
Categoría:Legislation
Tags: Sin tags
País: Puerto Rico
Región: Central America and Caribbean
Event
SBC Summit 2025
16 de September 2025
Amatic Shines at SBC Summit Lisbon with Innovation and Legacy
(Lisbon, SoloAzar Exclusive).- At SBC Summit Lisbon, Amatic showcased a combination of continuity and innovation across its two brands, Amatic Online and Wildcat Gaming. Exclusive testimonials.
Friday 03 Oct 2025 / 12:00
Sportradar at SBC Summit Lisbon 2025: AI, Integrity, and Brazil’s Rising Influence in Global Gaming
(Lisbon, SoloAzar Exclusive).- Fernando Mora, Senior Sales Executive at Sportradar, reflects on a milestone presence at SBC Summit Lisbon 2025, where innovation, responsible growth, and Brazil’s emergence took center stage. Discover how Sportradar is shaping the future of sports betting through AI-driven solutions and global partnerships.
Thursday 02 Oct 2025 / 12:00
ProntoPaga Strengthens Its Position at SBC Summit Lisboa as a Leader in Digital Payments for iGaming in Latam
(Lisbon, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, shared the company’s achievements and progress during SBC Summit Lisboa 2025, where they reached a record number of strategic meetings. The team presented their 360° solution for the iGaming ecosystem, highlighted their leadership in local payments and instant payouts, and outlined the tech trends set to shape the future of the sector in Latin America.
Wednesday 01 Oct 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.