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Check out the gambling laws and regulations in the Dominican Republic.
The Dominican Republic has become a haven for many businesses, including casinos, due to its favourable tax laws. The gambling market in the Dominican Republic first came about to attract tourists and as a result the nation is now full of casino resorts. Approximately 4.4 million tourists visited the nation for the purposes of gambling in 2009. Now there are around 60 brick-and-mortar casinos in the Dominican Republic.
In addition to land-based casinos, the Dominican Republic has more than 24,000 lottery agents as well as electronic lotteries. The Casino Department of the Dominican Ministry of Finance controls and regulates online gambling providers. In addition, this authority provides licenses for casinos in the Dominican Republic. Other services include permission to install, transfer, import, maintain and overhaul slot machines. If slots machines are operated by sports betting providers then the activity is controlled by the Casino Department as well as the Sports, Physical Education and Recreation Secretariat.
The Loteria Nacional is the authority that regulates lotteries in the Dominican Republic. The primary legislation that details the regulations for gambling in the Dominican Republic is known as Law 351 which was enacted in 1964. This law states that casino gaming is a source for attracting tourists to the nation. In addition, amendments were added to Law 352 in 2006, 1998 and 1965. In previous years, the gambling authorities of the Dominican Republic were only allowed and authorized to provide licenses for online sports betting operators. However, there have been no new licenses issued to any sports betting providers that were outside of the jurisdiction of the Dominican Republic since 1996.
Dominican licensed Online Casinos
Would you like to learn more? Visit the following link for more details and information: dominica.gov.dm.