Codere Hit By Buenos Aires Tax Hike

James Kilsby, 30/07/2008

GamblingCompliance Ltd.

Last minute changes to a major fiscal reform package approved in Buenos Aires last week saw a 70 percent rise in taxes applied to gross receipts for bingo and slot machine games. The hike is likely to hit the province’s largest bingo operator Codere, while rivals in the metropolitan area of Buenos Aires will remain unaffected.

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