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Influencers, Developers, Crypto Currency Tycoons: How Puerto Ricans Are Fighting Back Against the Outsiders Using the Island as a Tax Haven

Influencers, Developers, Crypto Currency Tycoons: How Puerto Ricans Are Fighting Back Against the Outsiders Using the Island as a Tax Haven Time 2 hrs ago Mariah Espada © Xavier Garcia Bloomberg/Getty Images Yankee Go Home is displayed on a vehicle during a protest against U.S. mainland tourist arriving from coronavirus hot zones outside Luis Munoz Airport in San Juan, Puerto Rico, on July 25, 2020. In February, YouTube influencer Logan Paul announced to his 20 million podcast followers that he was leaving Los Angeles to move to Puerto Rico. Paul, who is preparing for a high-profile boxing match with Floyd Mayweather later this year, said the move would be an opportunity to get “locked in [and] focused” on training. But, he admitted, the “primary reason” he was relocating was because of the Caribbean island’s tax breaks.

Foxwoods El San Juan set to open later this year

MASHANTUCKET - The Foxwoods Resort Casino has long been looking for opportunities to expand since the 2008 financial crisis, and over a decade later, it seems like “the right fit” was found. “It checked so many boxes for us that we were excited to be a part of it,” Mashantucket Pequot Tribal Nation Chairman Rodney Butler said. On Tuesday at a press conference in Puerto Rico, Foxwoods and LionGrove LLC announced their intention to reopen the casino at the historic Fairmont El San Juan Hotel as the Foxwoods El San Juan Casino in Carolina, Puerto Rico. The casino is set to open by the end of 2021 and will be the first venture by Foxwoods outside of the continental U.S. So far, Foxwoods has invested $12.5 million in the project and expects it will create 150 casino jobs, and more than 300 jobs total.

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