History of Casinos in Venezuela

The brick-and-mortar casinos have a solid reputation, so visitors to Venezuelan casinos can play with relative confidence. There are five casino in Venezuela. Most of these casinos are found along the coastal cities or on islands just off the coast of Venezuela.

The remarkable history of the Bolivarian Republic of Venezuela started off when the Spanish-Americans arrived in the country and colonized it in 1522. Although the Spanish-American rule was opposed by indigenous cultures and peoples, the Spanish-Americans were in charge until 1811 when Venezuela declared itself independent. However, the declaration was securely established in 1821. This war called the Venezuelan War of Independence took place from 1810 to 1823.

Venezuela is controlled by the leftist government of Hugo Chavez, but the Venezuelans are allowed to engage in casino gambling and lottery betting. Venezuela also licences two internet casinos, though the reputation of these two online gambling sites are not good.

Venezuela gained its independence in 1821, which made it part of the last wave of South American nations to declare independence from Spain. Simon Bolivar was one of a number of leaders who led the war of independence.

At the time, Venezuela was a part of the Gran Colombia Federal Republic. In 1830, Venezuela eventually became an independent country. Ever since then, the country has been in a political and civil disorder – all associated with the rule of local military strongmen (caudillos) – throughout the country. The country was in this nationwide turmoil until the 1930s when the country decided to get rid of the caudillos. In 1958, Venezuela held its first democratic elections and completely abolished the rule of caudillos.

However, from the 1980s to the 1990s, the country further witnessed political catastrophes caused by several economic shocks and uncertainties. Much of the 19th century and early 20th century saw the Venezuelans ruled by caudillos, which was the term for the local military strongmen. This rule was thrown off in the 1930’s, 파워볼게임 though the military still maintained an influence in Venezuelan politics into the fifties. At the time, casinos and gambling as a whole were particularly left out of the country’s list of concerns. In fact, there was no law, rule or decree regarding casinos in the country until 1996 when a presidential decree was introduced and passed.

Venezuela is one of the wealthiest South American countries, due to the oil deposits found in Venezuela in the 1910’s. The Venezuelan GDP was the highest on the continent, though the oil bust of the eighties left Venezuela’s economy in trouble. This led to a new round of political instability. Hugo Chavez led an abortive attempt to overthrow the govenment in 1992.

According to the decree, each and every casino operator must renew the casino’s operations every 10 years. The tax system was also very transparent but overwhelming: 20 percent of the total gaming profits. Therefore, the greater percentage of the casinos operating at the time had to close down operations.