How Do Online Casino Regulations Look Like In Peru?
| Published date | 14 February 2021 |
| Author | LEO GIOSUÈ |
| Publication title | Jerusalem Post, The: Web Edition Articles (Israel) |
Peru started issuing licenses to operators interested in starting online casinos in 2008 and, in 2011, introduced regulations to log in all domestic gambling transactions in designated servers. However, gambling has been part of the culture, and the South American country has flourishing land-based gambling that stretches several decades back. The first official move to legalize gambling came in the 1979 Decree-Law No. 22515. You can spot various land-based casinos across the country, responsible for an influx of tourists that come to explore Peru's rich heritage and gambling halls. The Ministry of Foreign Trade and Tourism, through DGJCMT (General Directorate of Casino Games and Slot Machines), regulates all domestic gambling activity, including operator licensing. Here's the timeline of regulations that led to the current vibrant online gambling scene:
* 1979 - Decree-Law No. 22515
* 1990 - Legislative Decree No. 608
* 1991 - Legislative Decree No. 698
* 1992 - Decree-Law No. 25836
* 1999 - Law No. 27153. Amended by Law No. 27796
* 2006 - Law No. 28945
* 2012 - Law No. 29829 and 29907
No laws prohibit any kind of online gambling, which means players can enjoy all kinds of chance games and casino products, ranging from slots and table games to sports betting.
The Peruvian gambling license
DGJCMT is the body designated to oversee gambling operations and ensure all operators meet set standards before receiving a license. Domestic gambling operators are highly regulated and required to obtain a valid gambling license from the DGJCMT. However, Peru doesn't have rules against foreign investors. UK's Bettson was the first to secure a gambling license from the state, offering punters with various top-rated casino products. Offshore sites aren't required to acquire a gambling license, which opens the market for healthy competition. However, this also comes with various security risks, so it is essential to review all platforms and ensure they hold credible licenses from their jurisdictions.
For instance, if you are playing on a UK site, they should have an EU gambling license, such as one from the UKGC, GBGC, MGA, and AGC. The licensing process has a clear framework and involves completing auditing and reviews to ensure you meet all gambling regulations and standards. Operators must also log all gambling transactions and pay their taxes to keep their license and are reviewed each year to ensure they comply with all regulations...
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