Online poker may be at an early stage of growth in Peru, but the country enjoys full legislation at a federal level. Players in the country can access any site legally, whether onshore or offshore. The government has no limitations on gaming venues or sites. Players retain the choice to either select government regulated and operated gambling sites or foreign sites. As a result, players have the widest collection of poker games and other forms of gambling in an openly regulated platform.
The open regulation is “Surprising”, considering online gambling only became legal in 2008. But, it is working and allowing players access to multi-games and developing the industry! Both foreign and local gambling proprietors can vie for the operating license ensuring “Fair Competition”, “Broad Game Variety”, and “Continuous Upgrades.” The idea aims at providing the players with quality at all times. It is visible as e country first operating license for online gambling went to Betsson, a UK-based gambling site!
Online Gambling Legislation in Peru
Peru’s economy experienced a “boom” in recent years, leading to increased earnings and living standards. The economic growth brought along gambling halls and an increase in tourists. Gambling in the country has been legal for many years, but the country has no proper regulation. The country has over 48 licensed and operational casinos, over 800 slots rooms and halls, poker rooms, horse racing events and many more.
The country is yet to develop a working legal framework to govern online gambling. Rumours have been circulating, and one site has a quote from Benavente indicating the government plans to induce a tax rate on all casino profits of around 12%. He states that only companies who had earned approval and the Peruvian license will be liable to pay the tax rate. However, this rule is yet to pass and remains a bill!
Passing the bill does not matter much to locals as the country has no company offering “Online poker Locally!” it may not be an issue now. Still, with the widespread of virtual online poker sites, it is crucial to have proper regulation ready and down […]
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