Legislation

Peru – Window opens for online registration

By James - 19 February 2024

The window for companies interested in operating online sports betting and casino games in Peru has opened. Companies offering online gaming and sports betting services had to submit their application for authorization to operate online under the terms of Law No. 31557 and have until March 13 to register. Minister of Foreign Trade and Tourism (Mincetur) Juan Carlos Mathews, stated that the implementation of this law, along with new regulations will have a major impact on the industry and for bettors.

“Most importantly, it will provide security for the bettor, promote responsible gaming, and formalize the activity,” the Minister of Foreign Trade and Tourism said.

Mathews pointed out that currently there is a pre-registration phase where certification laboratories, companies offering remote gaming and sports betting and service providers can enter their data. This will allow for the proper operability of Mincetur’s computer system, as it would handle all requests starting from February 13.

“This will be important because 115 companies have been identified as offering remote gaming and sports betting services in the country, of which 86 are non-domiciled and 29 are Peruvian,” the minister stated.

In the case of non compliance operators risk being sanctioned and reported and could in some instances face criminal charges. The law will begin to be enforced on April 1.

The law regulating the exploitation of remote gaming and sports betting stipulates that the Ministry of Foreign Trade and Tourism is the national administrative authority responsible for regulating, authorizing, revoking, overseeing, online gaming and sports betting. All companies whether national or foreign, must adapt to the new regulation and comply with the correct payment of the special gaming tax, which from April 2024 will begin to be applied. The tax stands at 12 per cent of the net profit.