Peru votes to legalize iGaming and sports betting

[The Buzz]

Last week, Peru's Congress voted to legalize online gambling and sports betting. The new law will become the responsibility of the Ministry of Foreign Trade and Tourism of Peru (Mincetur) and the gaming tax will be 12% of each operator’s tax base.

From Gambling News:

While eager to offer players and bettors access to the best gaming platforms, Mincetur will first make sure that all available operators will be properly licensed and fully compliant with the legislation. Operators will therefore need to protect vulnerable players against the perils of compulsive gambling, with special emphasis on a responsible gambling policy that would protect minors and excluded players.

Operators will only be able to provide offer bonuses for online casino games as long the respective bonuses cannot be exchanged for real money. Sports betting operators will also be required to clearly display warning messages on all of their platforms. The messages will be used to inform players of the risks associated with excessive betting on online sports.

Read more here: https://www.gamblingnews.com/news/pe...g-sets-12-tax/

[Pokerface]

Good news for players and of course the Peruvian government in the additional cash flow.

[Meistro1]

The Latin American market is the next big thing for online gambling imo. Time to brush up on my Spanish!

[Vargoso]

Good news for players and of course the Peruvian government in the additional cash flow.

Gambling regulation is most likely not very good news for poker players especially.

[Cash Bonus]

Regulation is NEVER a good thing. It's nothing but detrimental to this industry.

[Jay]

Regulation is NEVER a good thing. It's nothing but detrimental to this industry.

Because the people that regulate aren't players themselves and don't understand how it works. deposit limits, no bonuses, a million steps for kyc etc is just driving players to shady unlicensed brands instead

[casinos-au-quebec]

I agree with you, the main issue with regulation is the lack of knowledge about how the iGaming industry works from the regulators. In itself, at least to me, it doesn't seem like a bad idea: advanced player's protection, quality operators...etc, but it's never done right.