Peruvian Legislation ImminentPublished June 9, 2015 by Lee R
Smaller countries like Peru stand to benefit substantially from online gambling regulation.
Online gambling is spreading to all kinds of economies.
Small Market Models
While the impact on larger economies such as the US and Europe is publicized relatively frequently, it is also spreading to farther reaches of the globe and relatively underdeveloped economies as a way to bring investment and revenues into those struggling economies.
Peru is one such example. Recent reports reveal that Peru is on the verge of approving online gambling, as indicated by Peruvian Gaming board director General Manuel San Román Benavente.
The legislation for authorizing online casinos in Peru calls for a gambling tax ranging from 15 to 20 percent, with only 12% required of land-casino operators in the country. The reasoning behind this discrepancy is that land casinos create more jobs and contribute more to the local economy.
The increased likelihood of Peru entering the online gambling market would bring monitoring and policing to new levels. Peru has already established an effective system of land-based regulation, so the adaptation is expected to be effective.
While a fledgling economy on the global market, Peru has established an effective model for implementation of gambling regulation in general, eliminating virtually all casino operators only ten years after regulating less than 1 in 25.
The government’s system of monitoring each slots transaction in real-time from a central server seems to render the country of Peru fully equipped expand that monitoring to online terminals and servers.
Today, some 700 slots parlors and physical casinos supplement the Peruvian economy, and the addition of the online component promises raise and expand gambling revenues steadily for the government.
Mobile Market Growth
Further development should take place as a result of the adaptation of online games to the mobile platform. Mobile has yet to spread in Peru, so there are substantial market gains visible on the horizon for online gambling operators and the Peruvian government. Private operators specializing in the mobile platform such as bet365, 888, and platinum play will likely see increased use in this small but innovative implementation model that Peru has developed.