It’s been a year since Peru’s legislature approved a law that created the regulatory architecture for operating online gaming and sports betting.
However the regulations cannot be published until there is a “regulatory impact analysis,” Vice Minister of Tourism Madeleine Burns told Yogonet August 7.
The “Mincetur” vice minister said the analysis will determine which societal problems are being solved by the law in order to decide how the regulations should be written. But the minister didn’t say when the regulations will be issued.
General Director of Casino Games and Slot Machines, Eduardo Sevilla, said at the Peru Gaming Show 2023 that regulations would be ready by next July.
There is also some question that Mincetur will pre-publish the regulations to give stakeholders and operators a chance to comment on them before they become official.
The Peruvian Sports Betting Association (Apadela) has called for a pre-publication of the regulations.
Its Vice President, Gonzalo Perez, told Yogonet: “We hope that a pre-publication will be made, because the first draft had more than 700 observations and, after that, a modification to the law was approved.”
The Peruvian Association of Winemakers has also urged pre-publication.
The new law taxes gambling establishments at the same rate, whether foreign or domestic, increases the cost of a license from 200 UIT to 600 UIT (about $740,000), eliminates the requirement of a retail license, and requires the registration of players so that anonymous betting is no longer allowed.
The law also mandates fines and a ban on operators that disobey the law.
