{"id":8506,"date":"2024-04-04T00:00:00","date_gmt":"2024-04-04T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/dominican-republic-now-rides-the-online-gambling-with-the-publication-of-the-regulation-document\/"},"modified":"2024-04-04T00:00:00","modified_gmt":"2024-04-04T00:00:00","slug":"dominican-republic-now-rides-the-online-gambling-with-the-publication-of-the-regulation-document","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/dominican-republic-now-rides-the-online-gambling-with-the-publication-of-the-regulation-document\/","title":{"rendered":"Dominican Republic now rides the Online gambling with the publication of the regulation document."},"content":{"rendered":"<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The Ministry of Finance of the Dominican Republic has published a new resolution regulating casinos and online gambling authorization.<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> The text establishes the requirements, administrative fees, and minimum criteria that operators must comply with to obtain a license.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\" width=\"100%\" \/><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Resolution 136-2024<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> regulates the authorization to operate the online modality of games of chance and sports betting and, as informed by the Dominican Government, such regulation will be <\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">supervised by the Directorate of Casinos and Games of Chance<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The publication states that the<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> license for online casinos will be worth DOP 20,473,481 ($346,000)<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">, while that for <\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">sports betting will be DOP 15,355,111 ($260,000).<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> A third license &#8220;for other online applications&#8221; is also indicated for DOP 10,236,740 ($173,000). <\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Each license will be valid for five years and not transferable during the first three years.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: 'Times New Roman', serif;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Authorization of casinos and online gambling in the Dominican Republic has followed a diligent process that culminated on February 28, 2024,<\/span><\/span><\/span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> with the recommendation to the Minister of Finance by the Casino Commission, under the official letter DM-051-2024 signed by its president, for the issuance of the resolution that will set in motion the new regulated sector of Internet gaming and gambling in the country.&nbsp;<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The regulation contains 36 pages with seven chapters and 36 articles and was signed by Minister Jos&eacute; Manuel Vicente.<\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/dominican-republic-now-rides-the-online-gambling-with-the-publication-of-the-regulation-document2.jpg\" alt=\"\" width=\"100%\" name=\"Imagen 2\" align=\"bottom\" border=\"0\" \/><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Some of the provisions<\/span><\/span><\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The first chapter of the document includes a definition of each of the terms and words that characterize online gaming activity.<\/span><\/span><\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">It also points out the requirements to be fulfilled to be an operator in the country (article 5) and details the Internal Control Procedures Manual, the requirements of the internet gaming platform, the administrative fees, and the operating conditions (article 8).<\/span><\/span><\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Likewise, the resolution covers all the pertinent parts of the authorization process to obtain the license, as well as operational and security aspects of the technological gaming and betting platforms, complying in Article 27 with the obligation of the operator to enforce a responsible gaming program, which includes a self-exclusion process.<\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The publication states that the license for online casinos will be worth DOP 20,473,481 ($346,000), while that for sports betting will be DOP 15,355,111 ($260,000) Each license will be valid for five years and not transferable during the first three years.<\/p>\n","protected":false},"author":1,"featured_media":8507,"menu_order":297,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4340,4339,4341],"class_list":{"0":"post-8506","1":"gambling","2":"type-gambling","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-dominicana","8":"tag-ministro-de-hacienda-jochi-vicente","9":"tag-republica","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dominican Republic now rides the Online gambling with the publication of the regulation document. - Mundo Video Entertainment | Casino News in Latin 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