Rico now has 17 casinos which employ 2,176 persons, gross more than
$2 billion, net more than $200 million with earn the Commonwealth
government earning 57% of that, said Guillermo J. Cabret, director
of the Gaming Division of the Puerto Rico Tourism Co.
was interviewed at the recent Caribbean Gaming & Hospitality
Conference at the Caribe Hilton Hotel which the Puerto Rico Tourism
Co. was a Silver Sponsor.
percent of the patrons of the island’s casinos are local residents
which means that only the remaining 20% are visitors to the island.
Cabret said that that represents a particular challenge for the
Tourism Co. which is committed to increasing the number of visitors
who will patronize the casinos.
law , beneficiaries of the gaming business in Puerto Rico include
the University of Puerto Rico and the Educational Fund which are
slated to receive a total of $32 million from gaming activity during
the first quarter of the current fiscal year, compared with $21.4
million during the same period in 1998 representing an increase of
33%. Other beneficiaries include the Fund for the Development of the
Tourism Industry and the Tourism Co. The Fund received $2.4 million
and the Tourism Co. $4.5 million, for the first quarter also
representing an increase of 33% compared with the same period in
explained that the increases in earnings reflect two factors in the
industry. He said that earnings from slots are increasing industry
wide an average of 10% yearly. He said that the 40% increase in the
gross for the first quarter of the current fiscal year ($426.5
million) reflects the stimulus provided by the 1997 changes in
Puerto Rico’s gaming laws and from which the casino operators are
analysis of the chart of the Casinos of Puerto Rico, prepared by the
Tourism Co., reveals some other interesting details.
biggest casino in Puerto Rico is at the Ritz Carlton Hotel which
has gaming space of 17,500 square feet. The smallest casino is
at Palmas del Mar with 3,500 sq. ft. of gaming space.
casino with the largest number of employees is at the Condado
Plaza providing 300 direct jobs. The casino with the smallest
work force is at Palmas del Mar with 44 employees.
hotels with casinos have a total of 6,193 rooms with the largest
El Conquistador with 949 rooms and the smallest the Holiday Inn
Ponce with 116 rooms.
casinos have a total of 324 games with the largest number of
games at the Condado Plaza (36) and San Juan Marriott
(31), while those with the smallest number of games are
Ambassador Plaza and the Diamond Palace (11 each).
most popular games are Black Jack (148), Roulette (54) and Crabs
or Dice (37). Other games available are Mini Baccarat (25),
Caribbean Stud Poker (24) and Let It Ride (8), among others.
casinos have a total of 4,666 slot machines with the largest
number at the Holiday Inn Mayaguez (400) followed by the Condado
Plaza (398) and the Ambassador Plaza (376). Those with the
smallest number of slots are Palmas del Mar (142) and Westin Rio
largest number of slots are in the $.25 denomination (1,945)
followed by those of the $.05 denomination (1,842). While there
are 792 $1 slots, there are only 54 $5 slots and only 16 $25
slots. The $25 slots are divided between the Condado Plaza (4),
San Juan Marriott (4), Ritz Carlton (4) and El San Juan Hotel
& Casino and Intercontinental (2 each).