Top Online Casinos for Nicaragua
Officially referred to as the republic of Nicaragua, this country is the largest one in the Central American isthmus. It is bordered by Honduras to the northwest, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the southwest.
When it comes to online gambling, this activity is legal in Nicaragua since 2011. However, there isn’t much info regarding the requirements interested parties should be compliant with in order to offer their services to local clientele. Offshore operators accept punters from this region, with no restrictions imposed whatsoever.
Interestingly, the land-based industry is quite active, with multiple facilities located all over the country. The majority of them are situated in the capital city, Managua, but there are a couple of betting parlors in other cities as well.
While the country is taking certain steps towards improving its AML policies, there are still too many issues in this sector. Worth adding is that since 2019, Nicaragua is subject to financial sanctions imposed by the European Union.
Having this in mind, players from this region should pay special attention when choosing an online casino. There are a couple of important details to take into account, and this article will tell you more on the subject.
Overview Regulations in Land-Based Industry
In 2001, the Nicaraguan government voted in favor of legalizing the land-based gambling industry, making this activity officially legal. Ever since, the number of land-based casinos in Nicaragua is growing steadily, with the capital city being the area with the most venues.
At first, brick-and-mortar betting establishments were regulated by the Ministry of Tourism, but later, the sector was transferred to the Ministry of Finance. Initially, the casinos were only permitted as part of the hotel complex, but later, interested companies were allowed to open standalone venues.
When it comes to available genres, players can choose between slots machines and table games. Some of the facilities are equipped with additional forms of entertainment, such as clubs, a pool, gym, spa, and similar.
The law defines four different categories of casinos/ game rooms and the permitted number of machines, based on the number of inhabitants. Also, people under 18 aren’t allowed to participate in any activities, as well as those under influence of alcohol/ drugs, as well as people carrying weapons (with the exception of members of the National Police).
Is it Legal to Gamble Online in Nicaragua?
Even though online activities are regulated by the very same act as the land-based sector, they remained illegal until 2011. The Law in question is the Special Law No 766 approved in May 2011- Special Law for the Control and Regulation of Casinos and Games Rooms.
While the said document gives precise instructions on taxes, requirements machines, and every single sector, the online sector is not covered. This part is the only one referring to Internet-based games, stating as follows:
“Art. 48 Internet gaming operations. Internet gaming operations carried out by holders of an Operator License with one or more Official Permits may be offered to nationals, residents, and tourists, for which they may operate directly or associate with a national or foreign company that provides the appropriate technology that guarantees international standards of reliability, transparency, and security. The operation of internet games will be subject to the payment of the corresponding tax as determined by the common tax legislation and its corresponding regulations. The regulations will establish the additional requirements and obligations for the operation of these games.”
One of the reasons why the number of casinos with local licenses is relatively low is the fact that only companies who are operating land-based establishments can apply for a license to offer online services. Also, enterprises in partnerships with such companies can apply for permission as well.
On the other hand, offshore companies do accept players from Nicaragua. The government has no list of restricted websites, and none of the foreign companies has been punished for offering their services to residents of this country.
Player Protection and Responsible Gambling
US State Department classifies Nicaragua as a Country/Jurisdiction of Primary Concern in respect of Money Laundering and Financial Crimes. Also, the country is listed among FATF territories that have strategic AML deficiencies.
For that reason, players are advised to be very careful when gambling online. With the absence of a local body/institution in charge of implementing responsible gambling measures, consumers should stick with venues that prioritize customer protection.
Some jurisdictions, such as Malta, Sweden, and United Kingdom have stringent regulators who pay particular attention to fairness, transparency, and responsibility. Their licensees are obliged to equip websites with versatile tools which help punters stay within the limits of safe entertainment.
For example, there are options to impose limits on transactions- deposits, withdrawals, and even losses. Also, some venues offer the options to take a break, cool off, self-exclude, or activate reality check, so to keep track of how much time they are spending on that specific betting site.
How to Find a Suitable Casino that Accepts Players from Nicaragua?
As per the WorldAtlas’ article, about 90 % of people in this country speak the Spanish language. Also, Creole English and Standard English are spoken as well, along with a couple of indigenous languages.
For that reason, players looking for a suitable online casino will look for venues that are optimized in Spanish. Ideally, they should have Spanish-speaking support agents, which would simplify the communication significantly and ensure a smoother experience.
Other than that, punters should analyze the banking methods and policies, as well as min and max limits for transactions. Plus, they should check out the selection of providers and game genres. Moreover, they should thoroughly analyze the bonuses and the accompanying rules, and see if Nicaragua is among restricted countries for participating in promos.
Finally, Terms and Conditions are one more sector to explore, and fully familiarize with what’s offered in the specific online casino. Only then a player will be able to make an informed decision and evaluate what’s best for him/her.
Gamble responsibly!
Further Reading
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