Jonathan Felix, gaming consultant and CEO of Global Business Company de Perú, walks Zak Thomas-Akoo through the implications of Peru’s new gambling legislation – and how the industry got it over the line.
On 28 June, Peru’s president Dina Boluarte signed the country’s new gaming legislation into law. The law aimed to solve a number of problems with the previous legislation, Law No 31,557.
The law, which the previous president Pedro Castillo signed in August 2022, marked the long-awaited regulation of the country’s gaming sector. However, according to Felix, the law faced criticism from industry trade bodies for four principal failings. These were:
- The potential high cost of retail licences;
- The lack of clarity on offshore tax;
- The mandatory use of the .bet.pe domain;
- Too short a time period outlined for the sector to adopt the law.
