Getting to grips with Costa Rica

“Due to the circa 500 online gambling operators that are based in Costa Rica, the gaming industry generates circa US$14.5 billion. This places Costa Rica as having the largest gambling market within Latin America.”  That’s just one of the facts and figures contained in Research and Markets latest study of the Costa Rica sector.
This tiny Central America-positioned nation has become the haven for a wide range of internet gambling operators and software providers, despite the fact (or perhaps because of it) that it has no specific online gambling legislation and depends on “commercial licences” to regulate and tax companies within its jurisdiction.
The Research and Markets report “Costa Rica Gaming and Gambling 2011” covers detailed information relevant to the gaming and gambling opportunities offered by the largest or most important gaming and gambling countries found in Latin America, and embraces:
* Country overview: With information on location, population, the economy and the political environment.
* Supporting Infrastructure: With information on relevant infrastructures for the gaming and gambling industry such as tourism, communications, foreign investment and payments.
* The Gambling Market: With an overview of Costa Rica’s gaming market, size and specific gaming activities as well as opportunities broken down into casinos, lotteries, bingo, betting and online gaming.
* Gambling Advertising: With a study of all advertising regulations affecting the gaming and gambling industry.
A R&M spokesman said this week: “It is believed that if both the legal and illegal gaming activities were combined in Latin America it is likely that the region would generate over US$150 billion a year. The twelve principle gambling countries in this region generate combined revenues of over US$33 billion.
“Latin Americans spend circa US$10 billion a year on gaming and gambling and it is estimated that on average each inhabitant in this region spends US$250 a year on gaming and gambling.
“Costa Rica, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Panama and Venezuela are considered to be the most prolific gambling countries in the region.”
http://www.researchandmarkets.com/research/1b2cc3/costa_rica_gaming

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