Law 31806, passed by the government of Peru, will legalize online gambling and sports betting nationwide. Great news from Peru! The government has taken a significant step towards regulating online gambling by promulgating a groundbreaking law, which has already been published in the national gazette. This new legislation aims to create a robust regulatory framework […]
Project 1593, aimed at amending the “Gaming Machines Law” to ensure retired Puerto Rico Police officers receive a minimum of 50 percent of their pensions, has been officially endorsed by the Senate. This measure had previously obtained approval from the House of Representatives in March. On January 12, Representative José Rivera Madera introduced a legislative […]
The updated grey list by the Financial Action Task Force (FATF) highlights that the Philippines still has work to do in implementing its action plan, according to the FATF itself. Following its recent plenary meeting, the Financial Action Task Force (FATF) has declared that the Philippines will remain on its “grey list” of jurisdictions considered […]
Curaçao-based Online Platform Refutes Wrongdoing and Supports Finance Minister’s Inquiry Curaçao’s finance minister, Javier Silvania, initiated an investigation into Prolific Trade NV, the company operating Blaze.com, based on reported abuses. Trust service provider Emoore NV is responsible for managing Blaze.com. Media allegations and YouTuber’s claims Blaze.com faced scrutiny in Brazil over allegations of money laundering, […]
Latam gambling expert Thomas Carvalhaes emphasizes the need for Brazil to adopt a regulatory framework similar to that of Colombia to establish a sustainable and well-regulated online gambling market. Carvalhaes, the managing director of Brazilian online betting operator Vai De Bob and a seasoned professional in the industry, has previously assisted global brands like Hero […]
During the current week, progress was made on the bill aimed at regulating sports betting in Chile as it received approval from the Economy Commission in the Chamber of Deputies. In light of this development, government officials convened to deliberate on the initiative and the functioning of casinos nationwide. The Superintendent of Gaming Casinos, Vivien […]
Dreams convened meetings within the O’Higgins regions to address the issue of clandestine casinos being monitored by the municipalities in the area. In Chile, various municipalities are implementing strategies to eliminate illegal gambling from their territories. This week, a recent operation uncovered and shut down two clandestine casinos in the Municipality of Rancagua, the capital […]
With a unanimous vote of 105 in favor and none against, the National Congress of Peru has successfully passed amendments to its Gambling Law 2022, effectively closing a series of loopholes. The Gambling Law in Peru is pending the signature of President Dina Boluarte. The recent amendments, which include a revision to article 40, aim […]
New regulations have been approved in Peru, leading to a threefold increase in the cost of acquiring gaming licenses. The price for new licenses will now amount to Sol2.97m ($808,000/ £652,000/ €753,000). On the evening of May 25th, the Commission of Economy, Central Bank, Ministry of Finance, Financial Intelligence Unit, and the Congress of Peru […]
Claudia Álvarez Troncoso, a law graduate from the Pontificia Universidad Católica Madre y Maestra, has been selected as the successor to Teófilo Tabar in the role of Director of Casinos and Games of Chance. In the ongoing process of regulating lottery banks and enforcing compliance, there has been a recent change in the leadership of […]