Tag: Gambling (page 1 of 1)

Caribbean IslanDs That Offer Online Sportsbook Licenses

Costa Rica

Costa Rica is a stable island in a notoriously unstable region, becoming a similarly stable home for online sportsbooks.

As a US protectorate, Costa Rica is known for its progressive environmental policies and is the highest-ranked country in Latin America on the Human Development Index. Considered by many people as the world-class in establishing and managing the efficacy of clean energy sources, Costa Rica is also a successful example of how to become a host of online sportbooks.

How Does Costa Rica Regulate Its Sportsbooks? Actually, They Don’t Really

The Free Trade Zone (FTZ) that Costa Rica allows is exceptionally attractive for many multinational companies and foreign investors, as well as sportsbooks operators.

Costa Rica’s regulatory policies are fairly laissez-faire despite lacking of laws that govern any kind of gambling, given the fact that it was founded in 1821. There is still no governing body to monitor online sportsbooks, so these industry is operating without specific regulations.

Those who set up casinos in Costa Rica capitalize on the nation’s economic philosophy which enables extreme tolerance and against any form of managerial oversight.

While There’s No Regulatory Body, Sportsbooks Can Still Get Licenses

Eventually, the Costa Rican government launched an internet gaming license for online sportsbooks, despite the absence of a regulatory body for online sportsbooks.

While not mandatory for sportsbooks to get permit, many applied and got it regardless. This definitely assure customers with a peace of mind, knowing that they bet with a reliable sportsbook registering with the government.

Sportsbooks operating in Costa Rica are still free from regulation than in any other nations around the world.

Relaxed Standards for International Sportsbooks Doesn’t Means Relax for Its Citizens

Despite relax enforcement of sportsbooks’ practice, it is highly illegal for Costa Rica’s residents to participate in betting activities outside of a casino.

Any and all gambling on games determined as illegal activity, even within the bounds of casinos. Costa Rican law stated that the physical location of an online sportsbook’s server is not the place where bets technically take place.

Subsequently, it is within the bounds of the law for sportsbooks to operate within Costa Rica as long as they don’t attract the business of Costa Ricans.

Caribbean casinos: Best places to gamble in the islands (Part 2)

Puerto Rico 

One of 18 casinos on the island, Casino Metro at the Sheraton San Juan Hotel & Casino is the biggest one with over 400 slot machines and 18 table games to play blackjack, poker and baccarat. The casino is open 24/7 with complimentary food and beverage services including snacks and cocktails. In the stylish San Juan suburb known as Condado, there are several gaming hotspots include Casino del Mar in Renaissance La Concha Resort, with 20 tables, 416 slot machines and some slot lounges; Casino Del Sol at Courtyard Isla Verde Beach Resort; and Stellaris Casino at the San Juan Marriott featuring the most interesting bingo games and Latin dancing in the lobby called Red Coral Lounge. On the southern coast, there are casinos at the Holiday Inn Ponce, Ponce Hilton and the Ponce Plaza, Mayaguez Resort and Casino is the perfect place for stays and plays. Meanwhile, in the northern coastal valley, the earliest dice roll at 6 am at the Bayamon Casino. In the Hyatt Place Manati, Casino Atlántico is next to the Puerto Rico Premium Outlets shopping center for winners to spend their money prize.

Escaping the storms’ rage, the casino at the Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort is open while the rest of the resort is close and will only reopen starting from March 1. With 7,000 square feet of space for gaming, the casino is equipped with 150 slots, video poker, eight table games including blackjack, roulette, and the island’s hottest game, known as Jackpot del Encanto

In the main lobby of the beachfront St. Kitts Marriott, Royal Beach Casino is the largest casino on the island and the only one has a licensed sports book. The casino features 300 slot games, 20 table games and 13 screens for watching score of big league sports. For high-rollers, Sky Ultra Lounge is the luxury option that opens for night owls until 4am on Friday and Saturday and till 2 a.m. on all other nights.