Chile's tax authority allows margin-based VAT calculation for online betting
The ruling allows operators to calculate value-added tax on net gambling revenue rather than total wagers if they can substantiate their remuneration model.
The ruling allows operators to calculate value-added tax on net gambling revenue rather than total wagers if they can substantiate their remuneration model.
Authorities seized 60 gaming machines after an illegal casino resumed operations in Chile despite having been shut down earlier this year.
Ruling clears way for stalled bidding process to resume, with the economic and technical offer hearing set to take place in August.
Chile's National Economic Prosecutor's Office has opened an investigation into the competitiveness of the Viña del Mar casino tender after a legal challenge prompted its suspension.
Police seized 40 slot machines and cash during a raid on an unlicensed gambling venue in Chile's Atacama Region.
Latin America remains one of gaming's biggest growth stories, but rising taxes, tougher regulations, and increasing competition are forcing operators to rethink where they invest. SBC Summit will examine where the region's strongest opportunities now lie through its dedicated Latin America track.
Casino operators have accused Chilean authorities of creating a legal contradiction by taxing betting platforms that courts still consider illegal.
Municipal security forces and Carabineros have raided and closed an unauthorized gambling venue in Chillán, making seven arrests in the latest enforcement action against illegal gaming market.
A technical committee between Chile's Senate and the Finance Ministry will define the path forward for the country's long-pending online gambling regulation, as a dispute over illegal platform taxation adds pressure to the process.
Dreams publicized a ruling dismissing an appeal against its Parque Ferial AGAC casino project, but the same resolution forwarded a separate challenge to the project's environmental clearance to a regional authority that has yet to rule on it.