NewsWhore
10-14-2008, 02:20 PM
The National Lottery signed an agreement with the Federation of Betting Shops (Fenabanca) whereby 6,200 illegal gambling houses could regularize their status. He estimates there are 15,000 betting shops that operate illegally. The government was losing RD$1.2 billion per month in taxes because the businesses were run illegally, according to National Lottery administrator Jose Francisco Pena Guaba. The politician says the legalization process will produce RD$540 million in tax revenues. The National Lottery manages these funds that are targeted for social works.
The shops need to pay RD$116,250 to get their legal status. Administrator of the National Lottery Jose Francisco Pena Guaba said that Fenabanca has 29,000 betting shops employing 75,000 persons registered at the National Lottery. Despite its negative effect on society, betting is favored by the government because it is a big-revenue producer.
More... (http://www.dr1.com/index.html#4)
The shops need to pay RD$116,250 to get their legal status. Administrator of the National Lottery Jose Francisco Pena Guaba said that Fenabanca has 29,000 betting shops employing 75,000 persons registered at the National Lottery. Despite its negative effect on society, betting is favored by the government because it is a big-revenue producer.
More... (http://www.dr1.com/index.html#4)