A key piece of legislation from 2019 will allow for the regulation Puerto Rico sports betting starting later this year. That legislation was amended last year to permit the activity and signed into law by Governor Vázquez Garced. Hope is that betting on sports will create additional tax revenue and jobs. However, the Puerto Rican Gaming Commission notes that the law must be updated to include the amendments made late last year. Still, the hop and expectation is that hope is that Puerto Rico sports betting will launch by April. Under the new law, wagers on sporting events would be…

Facing a cash crisis, Puerto Rico is turning to desperate measures to pay the bills: It’s delaying tax refunds, borrowing from its insurance company and may even legalize the black-market slot machines in grocery stores. Lawmakers have yet to agree on a budget, with less than two weeks before the start of the new fiscal year. Without a spending plan in place, the junk-rated commonwealth won’t be able to raise as much as $1 billion from investors to keep the government running as it waits for tax revenue to flow in. “I have to prioritize,” Treasury Secretary Juan Zaragoza said…