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
Peru Gaming Show 2025
18 de June 2025
Strong return for Amatic Industries at Peru Gaming Show 2025
(Austria).-Amatic Industries has made a remarkable comeback at this year’s Peru Gaming show, which took place from 18 – 19 June. The company’s return to PGS was met with strong interest, positive feedback and promising new business opportunities.
Thursday 26 Jun 2025 / 12:00
Innovation, networking and opportunities: Belatra Games reviews its successful participation at Peru Gaming Show 2025
(Cyprus).- Belatra Games is satisfied with its participation PGS 2025. They achieved new connections, upgraded ideas, and left the show with even stronger intentions to provide quality entertainment on the highest level.
Monday 23 Jun 2025 / 12:00
Successful closing of Peru Gaming Show 2025
(Lima, SoloAzar Exclusive).- With a great attendance and an agenda full of innovation, the 2025 edition of Peru Gaming Show (PGS), one of the most relevant events of the gaming industry in Latin America, came to a successful conclusion.
Friday 20 Jun 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.