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  Peruvian decree formally starts Online betting’s in Peru. 




Peruvian decree formally starts Online betting’s in Peru.
Publicado: 2023-10-17

The exhaustive document, known formally as Supreme Decree 005-2023-Mincetur, outlines the technical and regulatory requirements for gambling operators wishing to offer their services in Peru.

 

The country’s gaming law is set to enter effect 120 days from the issuing of the regulations. This leaves operators with a tight schedule to comply with the new rules.

 

New betting regulation in Peru, here we explain point by point

 

It is the first time that this important economic activity has been regulated in the country. In South America, Peru becomes the third country to regulate it, after Colombia and Argentina, in the provinces of Buenos Aires, Córdoba and Mendoza,” said minister of foreign trade and tourism Juan Carlos Mathews.

 

Ministry warns of steep fines for non-compliance

The regulations will go into effect on 9 February 2024. Operators currently active in Peru’s gaming market will have one month to apply for a licence. This gives businesses from 10 February to 10 March 2024 to apply.

Otherwise businesses could face a fine of up to S/990,000 (€245,394/£212,401/$257,838) and no less than S/742,500.

The ministry also warned that failure to apply for a licence could result in criminal prosecution. The government would also bar operators from offering gaming.

The regulations will allow the Peruvian State to collect close to S/162m annually, to be invested in the reactivation of tourism, tourist infrastructure works, promoting sports and attending to mental health programmes,” he added.  

We also make it clear that it will not affect betting and the payment of prizes. The money won as a prize will be collected in full. The tax will apply to national and foreign online gaming and betting companies.”

 

Consultation process highlighted

The published regulations are the result of a public consultation process that saw 772 opinions received from public and private actors. These include submissions from the Ministry of Justice and Human Rights, the Ministry of the Economy and Finance and Peru’s Financial Intelligence Unit. Other organisations consulted comprised gaming operators, suppliers, legal firms and international consulting firms. Following this, Mincetur held meetings with professional from the public and private sector, as well as unions and technology providers.

This result is of utmost importance as it demonstrates the coordinated work carried out by Mincetur with transparency, predictability and openness, considering that all actors involved in the issue participated in the process of developing the regulations,” added Mathews.  

 

The road to regulation: Peru’s gaming law

In August 2022, Peru’s president, Pedro Castillo, signed Law No 31,557 into effect, which sought to regulate the country’s gambling industry.

However, the law faced criticism from some quarters, with some suggesting the original legislation effectively exempted foreign operators from tax.

As such, Peru subsequently passed Law No 31,806. This law amended several provisions in the original text.

Changes included a tripling of licence fees to S/2.97m or 3% of net income, whichever is higher. The law also established a point of consumption regime for online games, with only Peruvian domain addresses cleared for use.

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Brazilian Ministry of Finance prevents sports betting regulation from becoming a tax war. 

Peruvian decree formally starts Online betting’s in Peru.

The Ministry of Finance has announced that it will promote the edition of approximately twelve regulatory decrees in relation to the law that regulates sports betting in Brazil. This measure aims to reinforce that regulation is ongoing and that, at this time, it cannot be subject to sanctions by states.

 

This is the Brazilian bettor... more and more there are women who bet.

 

The team of Minister of Finance, Fernando Haddad, has committed to delivering the complete regulation in the near future. This document will include standards for issuing state licenses so that they do not interfere with federal licenses.

 

 

Concern has also been expressed about establishing a supervisory system to prevent attempts at tax fraud. In addition, cases of locally licensed betting houses that allow betting on games in the rest of the country will be observed. In Rio de Janeiro, Loterj has implemented a system that requires a declaration of address by the bettor.

 

Betting was regulated at the end of 2023 and is in the process of implementation. Initially, 134 companies expressed prior interest and, as a result, will have priority in licenses and concessions.

 

The law, sanctioned at the end of December, brought more clarity to the scenario. The government, after pressure and reports of fraud, acted to regulate the market. Thus, with the creation of the National Gambling and Betting Secretariat and the projection of significant revenue, the sports betting market in Brazil is about to enter a new phase. Therefore, the measures taken by the government aim to not only regulate but also ensure integrity and safety in this expanding sector.






This is the Brazilian bettor... more and more there are women who bet. 

Peruvian decree formally starts Online betting’s in Peru.

More and more women are encouraged to join online betting. 16.8 percent of the respondents were female, while 82.6 percent were men. The remaining 0.6 percent declared themselves to be "Non-binary." This means that out of every six bettors, one is a woman, which shows how the female presence is very representative in this scenario.

 

 

As the study highlights, the growing participation of women in this industry must lead to some changes to enhance this reality and how to understand the role of women:

 

Advertising actions must also be aimed at women. In addition to being a very statistically relevant audience, it can generate more empathy and connection with the brand.

Women also like sports. Another natural consequence of these figures is that not only men like sports, but also women. In parallel, there is a growth in the audience for women's sports, which may be in line with the interest.

Regarding the average age, 36 percent of bettors are between 30 and 39 years old. 30 percent are between 21 and 29 years old; 19 percent from 50 to 59 years old and 9 percent from 18 to 20 years old.

62 percent of the respondents are single, while 33 percent are married, and the remaining 5 percent are divorced or widowed.

41 percent of bettors bet 2 to 4 times a week, 19 percent do it once a week. The remaining 60 percent do it more than five times a week. • The preferred sport for betting is soccer, chosen by 85.7 percent of those surveyed. Other relevant ones are basketball (14.3 percent), e-sports (4.6 percent) and tennis (3.5 percent).






The current president of Coljuegos could be investigated for illegal campaign financing. 

Peruvian decree formally starts Online betting’s in Peru.

In an inspection carried out by the Attorney General's Office of the Nation at the facilities of the Colombian Federation of Education Workers (Fecode), a union that represents unionized teachers in Colombia; Indications were found that compromise illegal financing and diversion of funds for Gustavo Petro's campaign, of which the current president of Coljuegos was aware. The Prosecutor's Office does not investigate the violation of limits but rather the use of illicit sources for financing, an autonomous crime provided for in Law 1864 of 2016.

 

 

Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia.

 

 

Hincapié is part of the board of directors of Colombia Humana. However, he declared himself surprised when they asked him about the request to testify before the CNE( Consejo Nacional Electoral ,name in Spanish)

 

 

 

'I know nothing.'

 

And why are they going to summon me? I don't know anything; they haven't notified me of anything. Until I am notified, I cannot give any statement on the subject, it would be irresponsible on my part,” said Hincapié from London where he is attending the Gaming Fair, invited by sports betting companies.

 

Sources close to the party say that it was he who designed the payment scheme for electoral witnesses and the contract with the firm Ingenial Media SAS. “for the implementation of the comprehensive electoral control scheme, “after the elections of May 29, 2022.”






Street machines or Skill games in Colombia, Coljuegos issues a new resolution to make them work. 

Peruvian decree formally starts Online betting’s in Peru.

Surprisingly and without the legal procedures, Coljuegos has published Resolution 20241200001824 that authorizes the entry into operation of MET's that operate illegally and that cannot comply with the minimum requirements required by it.

 

President of Coljuegos Marco Emilio will open the door to money laundering in the gaming industry?

 

Met's de Paz (Electronic machines for peace) , is the name that Coljuegos has given to the aforementioned resolution and which suggests to whom the benefit is directed; The nervousness of the Luck and Chance Games industry in general is evident due to the influx of capital resulting from extortion, micro-trafficking and other criminal modalities that at this time profit, among others, from illegal gambling and which has the expected space in this resolution. to legalize.

 

Only two days before, its president Marco Emilio suspended the SCLM+ process arguing that “…its primary objective is to improve the image of the sector and build trust in the financial system, for which he considers it necessary to have technological tools that are under the trends demanded by the market and in line with international standards that allow providing greater guarantees and security in terms of transactions carried out through its information systems….” It is clear that the gaming elements that currently operate on the street do not have the minimum transmission requirements and it is contradictory since they should comply with the standard cited in resolution 20211200034224 of 2021 and its annex of technical requirements electronic slot machines of 22/ 11/2021.

 

“MET's for Peace” has decreased the minimum number of elements for the contract to 80, has increased the highest prize in the case of interconnected ones to 392 UVT and will have a minimum return percentage of 82.5%.

 

A novel aspect is the way in which taxes are collected, where the operator undertakes to make a single payment equivalent to 5 days of the legal minimum wage in force at the time of entry into operation of each MET.

 

 






Peruvian Sports betting: The fight to attract online players officially begins this February 10th. 

Peruvian decree formally starts Online betting’s in Peru.

The regulations are contained in Supreme Decree 005-2023-Mincetur, which will come into force as of February 9, 2024. After the approval of the regulation, casino operators have 120 days to comply with the new regulations and register their businesses with The authorities. Active online operators have a period of one month, from February 10 to March 10, 2024, to register. Failure to comply with the regulations during this one-month period will result in a fine of S/742,500 to S/990,000.

 

 

Failure to comply will also lead to criminal action by the government.

 

«The norm will allow the Peruvian State to collect about S/162 million annually, to be invested in the reactivation of tourism, tourist infrastructure works, promoting sports and attending to mental health programs; We also make it clear that it will not affect betting and the payment of prizes," said Juan Carlos Mathews, Minister of Foreign Trade and Tourism of Peru.

 

 

Peru: Project to sanction party manipulation goes to the Congressional Justice Commission

 

Once the new gaming regulations are implemented, and casino establishments have formally registered, online casino players will finally be able to enjoy slot games with their preferred themes. The regulatory standard aims to guarantee that the exploitation of these activities is carried out in a transparent, honest, and upright manner.

 

New betting regulation in Peru, here we explain point by point

 

Furthermore, another of its purposes is to ensure and protect vulnerable populations through control measures and responsible gaming policies.

 

Responsible gaming policies

 

Lines of Action for Responsible Gaming In addition to the mandatory policies and procedures, betting sites must promote the lines of action that I show you below.

 

Important: Betting houses that do not promote responsible gaming guidelines and establish voluntary exclusion procedures will be fined a total of 50 UIT up to 150 UIT.

 

 

Sensitization Raise awareness and inform the population about the characteristics of pathological gambling and its risks. In addition, a call is made to disseminate preventive measures and the availability of access to free treatment of assistive devices. Prevention Implement actions aimed at educating and raising awareness about responsible gaming behaviors, with the aim of minimizing risks and guaranteeing the protection of vulnerable groups.

 

 

Also, it is requested to promote healthy play in children, adolescents and the elderly through the creation of recreational spaces. Guidance and Assistance Guarantee access to information and interdisciplinary treatment of gambling addiction through different assistance devices. Investigation Develop lines of research in relation to the expansion of gaming and new modalities that arise as a result of market advances.

 

Likewise, the studies carried out on the prevalence of pathological gambling and the behavior of gamblers must be further explored.





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