Peru lawmakers turn attention to iGaming with latest bill

Lawmakers in Peru have introduced a second bill aimed at regulating the country's online gaming market.

The iGaming bill follows the recent introduction of sports betting legislation in Peru.

The bill to regulate online gambling would enable operators with a fiscal presence or legal representative in the country to apply for five-year online gaming licenses, authorising them to offer casino table games and slots, bingo, virtual sports, daily fantasy sports, traditional sports and eSports betting online.

The bill proposes a tax rate of 10 per cent of gross gaming revenue, down from the 12 per cent tax contained in the sports betting bill.

It also allows for the creation of gaming lounges where players can participate in online games.

The market will be regulated by the General Directorate of Casino Games and Slot Machines, which will be empowered to enter into agreements with regulators in other licensing jurisdictions for online gaming, and to block access to the websites of unlicensed operators. Advertising unlicensed iGaming sites will also be prohibited, with those convicted liable to a prison sentence of between one and four years.

The new penalties under the Criminal Code would also extend to providers of software and services to unlicensed sites, including payment processors.

The bill (03415/2018-CR) was introduced last week by lawmakers from the Fuerza Popular political party, the largest party in Congress.

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