Rules though look set to change soon among growing impetus to place more federal control over the industry.
Locally based sportsbetting operators such as Betsson, Te Apuesto and Inkabet have
created an organisation called APADELA which is lobbying for a code of ethics, stricter rules against money laundering, self-exclusion programmes and more measures aimed to protect the integrity of sports. New regulations are
undoubtedly needed as sports betting via offshore sites stands at around US$450m per year. Peru
PUERTO RICO
Spurred on by regulatory changes in the wake of the overturn of PASPA in the US, Puerto Rico has finally opened the way for landbased sportsbooks and online sports betting where the newly regulated sports betting industry could bring in between US$44m and US$66m per year.
Te Betting Committee Act of the Government of Puerto Rico was signed into law in July 2019 by the outgoing governor and will allow for both new large scale sports betting operations and smaller establishments. Bets may be placed at any place authorised by the Commission, such as casinos, racetracks, hotels and hostels, amongst other locations. Te Act regulated sports betting and created a gambling commission to oversee all sports betting (Te Puerto Rico Gaming Commission). It also set out a government policy for both landbased and online gaming, including sports betting, electronic game leagues and fantasy contests.
In March 2021, House Representative José Rivera Madera filed resolution RC 319 to initiate a study into the potential size and scope of the sports betting and eSports betting market in the country. In June, a sports betting group was founded in Puerto Rico by Governor Pedro Pierlusi to accelerate the launch of sports betting and fantasy sports.
In November Puerto Rico’s Gaming Commission announced that it had submitted Sports Betting
Regulation Number 9316 and Fantasy Contest Regulation Number 9317 to the State Department. The new
regulations are part of Law 81 2019 The Betting Committee Act. Both bills went into effect in November. As a result of the two new regulations the
commission announced that it would be authorized to begin the evaluation processes for those wanting to offer sportsbetting and fantasy sports on November 22. Puerto Rico
In November, Puerto Rico’s Gaming Commission announced that it had submitted Sports Betting Regulation Number 9316 and Fantasy Contest Regulation Number 9317 to the State Department. Te new regulations are part of Law 81 2019 Te Betting Committee Act. Both bills went into effect in November. As a result of the two new regulations the commission announced that it would be authorised to begin the evaluation processes for those wanting to offer sports betting and fantasy sports on November 22.
A number of operators are already making a move into the market depending upon regulatory approval. In September 2021, MGM and Casino del Mar at La Concha Resort announced that they had agreed to a deal that would see BetMGM open a sportsbook at the resort’s casino as well as offer online sports wagering across the island. If its licence is approved, BetMGM said it would expand its retail and mobile sports betting offerings to Puerto Rico.
In November, International Game Technology (IGT) announced that it had expanded into Puerto Rico sports betting via a multi-year PlaySports technology and services agreement with Te Stadium LLC. Te Stadium LLC owns and operates WinIn, a Puerto-Rico based entertainment company that has partnerships with leading eSports companies and the top baseball league in the region, Liga de Béisbol Profesional Roberto Clemente, that plans to expand into the recently regulated sports betting market in Puerto Rico.
WIRE / PULSE / INSIGHT / REPORTS P89
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150
