The Foreign Trade and Tourism Committee in Congress has approved the government’s favourable opinion of online gambling bill – Bill 2070. The favourable opinion means that the text can go before the plenary in Parliament for debate.
“Remote games and sports betting must be regulated effectively as they have generated, in the last year, an economic movement of around US$ 1,000 million, without yielding income to the national treasury”, said Roberto Sánchez, head of The Ministry of Foreign Trade and Tourism (MINCETUR).
Out of the revenue generated for the Games Tax, 40 percent will go to the public treasury, 20 percent to the Peruvian Sports Institute (IPD) and the remaining 40 percent to MINCETUR.
“It is transcendental that this type of games are carried out with integrity, honesty, transparency and equal treatment, protecting vulnerable groups and preventing the activity from being used for acts of computer crimes, fraud and other illicit activities,” Sánchez said.
Licensed operators will need to have a legal representative in Peru and a web domain with the ending .pe to avoid capital flight and prevent money laundering and other crimes. The National Superintendency of Customs and Tax Administration (SUNHAT), through a Supreme Resolution, will approve the form, term and conditions in which payments are made to the government. The bill includes extensive player protection measures and is aimed at attracting foreign investors within the larger framework of responsible gaming measures.
In March MINCETUR announced that it was drafting a bill that would further regulate online sports betting. Under current rules betting shops are permitted via municipal licence and there is no specific authority that regulates them. The private sector has the right to enter the market as long as the company adheres to Peru’s Civil Code and the terms of their licence as granted to them by the municipal government in the locations where they are licensed. There are around 30 sports betting companies that operate in the country in accordance with local gaming laws.