Uruguay senate passes online gambling bill

[The Buzz]

Last week, Uruguay’s Senate passed a bill to legalize online gambling. The bill was debated during a parliamentary session, where Uruguay’s Chamber of Senators voted in favor of its implementation.

The bill will now be sent to the country’s House of Representatives for further consideration. If passed, the bill would allow the General Directorate of Casinos of the Ministry of Economy and Finance to regulate online gambling in Uruguay.

From iGaming Business:

A fund would also be created within the General Directorate of Casinos, which would donate a minimum of 5% and a maximum of 8% of gross income to the cause to prevent online gambling harm and fund treatment.

If licensed operators do not comply with the regulations outlined in the bill, they could receive a warning, a fine between UYU10,000 (£206.60/€245.20) and UYU100,000 (£2,066/€2,451) or have their licence suspended.

Once passed, the law will be enacted the day after its regulations are approved by Uruguay’s Executive Power.

Read more here: https://igamingbusiness.com/legal-co...gambling-bill/

[Pokerface]

Another country realizing there is a lot of revenue either left on the table or heading to other countries at a time when governments are searching for cash.