The Puerto Rican Fiscal Agency and Financial Advisory Authority (AAFAF) has begun an official search for a consultant to work with the newly formed Puerto Rico Gaming Commission. It issued a request for proposals (RFP) for a consultancy, which will help commissioners draft gaming regulations in the U.S. territory and advise them on issues such as sports betting, fantasy sports and esports.
The RFP process “will serve to identify qualified firms that meet the essential requirements to develop such regulations, thereby reinforcing the current public policy of Governor Wanda Vázquez Garced, which authorizes sports betting, fantasy contests and electronic games,” said AAFAF Executive Director and CFO Omar Marrero.
“We understand that there are different companies that can contribute the knowledge they have acquired in other jurisdictions and bring that knowledge to Puerto Rico, where we are facing the challenges of a new industry, which is quite complicated,” said José Maymó Azize, executive director of the gaming commission.
“It is not to write it, but to give us the recommendations and work hand in hand with the commission for the formulation of that regulation and of any other regulation that is required,” he added.
Last July, the legislature passed a resolution that legalized sports betting within the territory. This allowed customers to bet on sporting events both in person and by using online sportsbooks.
As reported by CalvinAyre.com, the move is an attempt by Puerto Rican officials “to gain greater economic from the U.S.” They’re calling for a 7 percent tax on all land-based operations and a 12 percent tax on all online wagers.
