Wire SOUTH AMERICA
Lawmakers are discussing how the direct tax applied to Net Income (Net Win) of 12 per cent will be collected via Bill 3595/2022.
PERU LEGISLATION Peruvian Operators Demand Tax Changes
Whilst there is support for Peru’s latest online gambling bill modifications, there is also consensus to ensure offshore operators also pay the new tax rate.
Chile - More demands on Dreams and Enjoy Chile’s National Competition Authority (FNE) has asked that Dreams and Enjoy identity a suitable buyer for the casino Rinconda around 60 km north of Santiago before they are allowed to advance with the proposed merger. The FNE informed the companies that, to consider this option, “the identity of a suitable buyer must be known, in order to analyse whether or not the measures offered have the ability to restore competition.”
Enjoy and Dreams had proposed giving up control over the Rinconada casino so that the merger can go ahead. The selling off of the Rinconada casino would reduce the company’s position in the Santiago metropolitan region. It was hoped that the measure would be enough to satisfy the FNE and attract other interested parties to buy the facility and favour competition in the region.
This is the latest in a long series of delays. In June 2022, Chile’s National Competition Authority (FNE) announced that it had put the merger on hold. The FNE said that in order to investigate its effects on the market that it would need a further 90 days to investigate and analyse the merger.
The FNE said that the investigation had begun on May 3 2022 after initially finding that the merger could possibly reduce competition in the market and have a negative effect on consumers as well as other casino operators.
In November, Dreams and Enjoy sent a note to the FNE defending the merger. In January 2022, the two largest casino operators in Chile announced they had finalised their agreement to merge the two companies. In a presentation to shareholders, the firm highlighted that the merged company - which will be called “Dreams Enjoy SA” - would consolidate itself as a leader in the casino industry in Latin America, with a presence in Chile, Uruguay, Peru, Argentina, Colombia and Panama.
Brazil - SiGMA Group buys BiS gaming summit SiGMA Group has announced it has acquired Brazil iGaming Summit (BiS) for an undisclosed figure in a bid to ‘consolidate their existing portfolio’ and establish a strong presence in the emerging market.
“The acquisition comes at a perfect time for us. With the live event space out of the pressures of Covid, there’s never been a better time to expand into emerging markets,” commented Eman Pulis, SiGMA Group’s Founder. “We’ve been growing organically and steadily for the past nine years. Operators, suppliers and affiliates have all been asking to expand into emerging markets, including Africa, Asia and LatAm. We’re leaving no stone unturned to make the next show in June 2023 a memorable one.”
P8 WIRE / PULSE / INSIGHT / REPORTS
Locally based sports betting organisation the Asociación Peruana de Apuestas Deportivas (APADELA) has come out in support of modifications to Peru’s online gambling bill (Law 31557) which was signed by Peru’s President in August last year. However they want changes to how the industry is taxed overall.
Lawmakers are discussing how the direct tax applied to Net Income (Net Win) of 12% will be collected via Bill 3595/2022. Bill 3595/2022 seeks to ensure that offshore operators also pay the new online gambling tax rate as in its current form Law 31557 only applies to those operators with a physical presence in Peru. Tis means that locally based operators will be at an unfair advantage once the online gambling bill becomes law.
Bill 3595/2022 is currently in the Economic Commission of the Peruvian Parliament for study and debate and was put forward by Congresswoman Lady Camones in November. Te president of APADELA, Gonzalo Rosell,
appeared as part of a working group held in the Peruvian Congress to look at the bill after it was referred to the Economic Commission of the Peruvian Parliament for further study and debate. Gonzalo stated that among the necessary modifications to the current legal framework that the special tax would only be imposed on companies domiciled or foreign companies with branches in Peru.
“Tis cannot be corrected via regulation and obviously not only threatens the treasury and tax collection, but also generates benefits for non-resident digital platforms that, sooner or later, will end up eating up the market, rendering resident companies unviable,” Rosell said. Manuel San Román, former director of Casino Games and Slot Machines of Peru, also participated in the working group and stressed the need for all operators to pay the tax. “If we don’t make everyone who operates pay taxes, an issue of unfair competition is going to be generated that is going to make operators go abroad and the money from jobs disappears,” added Manuel San Román.
Brazil Tender launched for lottery in Minas Gerais
Te Lottery of the State of Minas Gerais (Lemg) has opened an international tender for the operation of lottery games in the state.
Published in the state’s Official Gazette the contract foresees a total revenue collection of R$5bn of which a minimum of R$500m will be transferred to the state over the term of the licence which will be valid for twenty years. Te license encompasses both lottery games, and instants.
Potential operators have been given a period of 45 consecutive days for the presentation and opening of proposals as the latest stage in the tender. Te winner will be responsible for all aspects of the new lottery. Te public notice has been two years in the making due to the scope of the new licence.
Secretary of Finance for the state, Gustavo Barbosa said: “We were
very attentive to the challenges that occurred in other states and we looked into the matter, received contributions and held hearings.”
Te first public hearing was on 5/26 and the second on 11/9/2022. According to the general director of the Loteria Mineira, Ronan Moreira, some of the world’s leading lottery operators sent representatives to attend on both occasions.
“At all these stages, the representatives of the companies interested in the process had the opportunity to present contributions and suggestions, which were evaluated by the Special Tender Committee, in order to improve the public notice,” Gustavo added.
Minas Gerais ranks as the second most populous state in Brazil, the third by gross domestic product (GDP), and the fourth largest by area in the country.
Mexico
Te governor of the Mexican state of Coahuila, Miguel Ángel Riquelme Solís, confirmed that the opening of casinos would not be authorised under his administration.
According to the official, the casino ban is part of a wider strategy aimed at “maintaining the peace and tranquillity that has cost the people of Coahuila so much.” Te ban also includes restrictions on the opening times of nightclubs and bars.
“I would like to make it clear that I will not reverse all the decisions that I have made in my administration, that is to say: there will be no casinos, there we will no change to opening times, and we will not give flexibility to what one day led us to the periods of insecurity. I want to be very clear and emphatic because at the end of a six-year term, it is believed that permits can be granted . . .” he said in an interview with the local newspaper Milenio.
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
