Bolivian Gaming Laws
Gambling is legal in Bolivia. Three are three small brick-and-mortar casinos in Bolivia. Bolivia is also one of seven South American nations which has a state lottery.
Bolivia is currently under the administration of a left-leaning government, which seized corporate property in Bolivia in 2006. Given these actions, it is unlikely that foreign investors will build any new casinos in Bolivia in the years to come.
Casinos in Bolivia
Hotel Portales (Cochabamba) - Hotel Portales is found on Pando Avenue in Cochabamba, Bolivia. Call +591 4 428-2244 for more information about Hotel Porales.
Plaza Hotel (La Paz) - Plaza Hotel has a small casino, which can be found on Pasec el Prado. The phone number for the Plaza Hotel is +591 2 237-8311.
Los Tajibos Hotel & Coliseum Casino (Santa Cruz) - Coliseum Casino is found at 455 San Martin Avenue in Santa Cruz, Bolivia. Coliseum's phone informatio is +591 3 342-1000.
Lottery in Bolivia
The Bolivian National Lottery offers Numbers Lotto games, standard Lotto games and Passive Lotto. About half of the profits of the Bolivian lottery goes into social programs for the Bolivian people. As of 2007, the Bolivian National Lottery is advised by Adorno & Wyller, which also consults with state lottery regulators in Peru, Argentina and Paraguay.
Bolivia is a landlocked nation in South America, found between Peru in the east and Brazil in the west. Bolivia gained independence from Spain in 1825, and early on had access to the Pacific Ocean through a strip in what is now Peru. Peru and Bolivia were joined in union in these early days, which brought conflict with neighboring Chile and Argentina.
Bolivia had the better in the early rounds of conflict, but soon lost ground and territory. In all, Bolivia has lost about half of its territory in wars over the past two centuries. Bolivia remains separated from the ocean by only a small sliver of Peruvian and Chilean territory, though the Chilean stretch is the Atacama Desert, a plateau desert area.
Bolivia is named for the great South American revolutionary figure, Simon Bolivar. In the early 19th century, Bolivar helped to free numerous South American countries from Spanish rule. Nation's directly affected by Bolivar's actions were Venezuela, Peru, Ecuador, Bolivia, Columbia and Panama.
Simon Bolivar was the president of Bolivia in 1825 and 1826. He had earlier governed Gran Columbia, which comprised Columbia, Venezuela, Panama and Ecuador. These states drifted apart prior to Bolivar's death in 1830. Columbia and Panama were not separated until the early 20th century, when the U.S. supported Panamanian rebels in order to get concessions over the Panama Canal.
In the 1950's, Bolivia was ruled by the leftist Revolutionary Nationalist Movement. They would rule until 1974, when an economic downturn led to widespread disenchantment with the MNR. The MNR remains a political party in Bolivia these days, though it has drifted to the right and now supports market-based reforms.
Military rule characterized Bolivian politics through much of the 1970's and early 1980's, but eventually Bolivian military juntas were forced to choose a civilian executive in 1982, Hernan Siles Zuazo, who governed the country for the MNR in the fifties.
Market reformers have led the Bolivian nation mostly since 1993, usually through some form of brokered parliamentary politics. Generally, ruling Bolivian political parties only achieve 20% to 25% of the popular vote in an election. This changed in 2005, when Juan Evo Morales Ayma won with a majority of votes, vaulting his Movement Toward Socialism Party into the government. Evo Morales is the rare mestizo leader in South America, where most rulers over the past two centuries have been descendents of the colonial European (Spanish) rulers.
Morales has called an end to the colonial era and full autonomy for Boliva. He has also nationalized certain resources and assets, which indicates the Bolivian government's shift to the left once more. Bolivia's leadership has received the pledged support of Hugo Chavez of Venezuela.
Given the Bolivian president's seizure of assets in his re-nationalization project, it is highly unlikely that foreign investors will invest much in Bolivian casinos any time soon. Casino operators will not want to invest in a property which might be seized by the government at any time, causing the loss of all revenues and the entire investment.
For the time being, the three casinos mentioned above are likely to be the only casinos located in Bolivia in the foreseeable future.
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