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Tag Archives: Nicaragua

Nicaragua – Nicaragua informal economy is biggest obstacle to growth

Representatives of the Chamber of Authorised Gaming and Gambling Entrepreneurs (CEIJA) have called upon those involved in the Nicaraguan gaming industry to join their organisation in order to combat money laundering and reverse the negative image gaming has locally. Secretary of CEIJA George Lozev explained that the organisation currently has 11 affiliates who combined provide…

Nicaragua – Bravo enters new casino business venture

Bravo Multinational Incorporated (BRVO) has completed an acquisition transaction on May 6, 2016 with Centro de Entretenimiento y Diversion Mombacho S.A., a respected and established company with its head-quarters located in Managua, Nicaragua. As part of this transaction, Bravo has purchased in total 500 slot and video poker gaming machines, in a part stock and part seller…

Nicaragua – Nicaraguan government passes major gaming reforms

The Nicaraguan government has passed reforms which transfers control over the Nicaraguan gaming industry from the Ministry of Tourism to the Ministry of Finance and the Financial Analysis Unit (UAF). According to lawmakers, the reforms mean that casinos and slot parlours will be “forced” to pay taxes based on their real profit after MPs unanimously…

Nicaragua – Nicaraguan gaming to be controlled by Ministry of Finance

The decision to transfer control over the Nicaraguan gaming industry from of the Ministry of Tourism and put gaming under the control of the Ministry of Finance and the Financial Analysis Unit (UAF) has been greeted positively by legislators. The decision to separate casinos and gambling halls from the control of the Nicaraguan Institute of…

Nicaragua – Nicaragua’s Ministry of Finance to take control of gaming

In a major reversal to the country’s gaming act, which was passed in 2011, the Nicaragua government will take the industry out of the control of the Ministry of Tourism and put gaming under the control of the Ministry of Finance and the Financial Analysis Unit – the local tax collection agency. The executive branch…

Nicaragua – Loteria Nacional de Nicaragua gives GTECH three year extension

GTECH Corporation has entered into a three-year instant-ticket printing contract with Loteria Nacional de Nicaragua following a competitive procurement. Under the contract, GTECH will continue to provide instant-ticket printing and related services to the Lottery through July 4, 2016. This contract represents a 33 per cent increase in ticket production from the previous instant-ticket contract…