advertising<\/a>. Mincetur must approve all sports betting and gambling advertising before it appears in public.<\/p>\nAt the request of Mincetur, the Ministry of Transport and Communications will have a role in the new gambling regime. It will be responsible for blocking web pages, IP addresses, URLs, and computer applications for any unlicensed operations control.<\/p>\n
Government Sees Green<\/h2>\n Peru expects to see a windfall from legalizing remote and online gaming. However, it also needs to prepare to go through a transition period as the market makes adjustments.<\/p>\n
S\u00e1nchez added that online gambling activity should be transparent and legitimate. It should be free of acts of computer crime, fraud, and other illicit activity, such as money laundering.<\/p>\n
Companies that incur an administrative infraction can expect to be penalized. Mincetur has a broad range of actions it can take. Among the options are warnings, fines of one to 200 UIT (a tax unit), the cancellation of a license, disqualification for up to ten years, or permanent disqualification. The UIT is a special tax unit whose values for the fines are from PEN4600 to PEN920000 (US$1,173 to $234,784).<\/p>\n
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Of the 12% tax, 40% will go to the public treasury. Another 40% is for tourism development, and the remaining 20% will be used to promote mental health programs.<\/p>\n<\/div>\n
Mincetur estimates that remote sports betting and gambling currently move around $1 billion a year. As a result, it projects it can raise at least $160 million annually.<\/p>\n
The law will enter into force 60 days after publication in the Official Gazette, El Peruano. Then, Mincetur will have 120 working days to get the new markets off the ground.<\/p>\n","protected":false},"excerpt":{"rendered":"
Peru has become the latest Latin American country to join the online gaming market. Last Friday, lawmakers approved legislation that will allow online casinos and sports betting to operate in the country. The Ministry of Foreign Trade and Tourism (Mincetur, for its Spanish acronym) campaigned for and sponsored the initiatives. It indicates that it will […]<\/p>\n","protected":false},"author":64,"featured_media":221864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,81884],"tags":[],"acf":[],"yoast_head":"\n
Online Casinos, Sports Betting Come to Peru Following Government Approval - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n