Reports PERU MARKET REPORT
ONLINE CONTROL In September 2010, MINCETUR announced that slot machines would, in the future, be monitored online by a central government-controlled server. In late December 2012 the government released its first estimates on how the new system would impact gambling tax revenue stating that tax revenue could double by the end of 2013.
Te new act gave all gambling operations six months in which to comply with the new law with gambling operators assuming the cost of ensuring that their slot machines and other gambling devices were compatible with the new online system. Meanwhile MINCETUR was responsible for developing and implementing the infrastructure necessary for monitoring the industry 24 hours a day 365 days a year.
Today the country’s Monitoring and Control Systems model (SUCTR) connects 77,756 slot machines and gambling devices which report directly to MINCETUR’s data centre, relaying information regarding revenue and significant events to better control the gaming industry nationwide.
OTHER CONTROLS Te DGJCMT as the regulatory body must ensure that:
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Casino games and slot machines are conducted with honesty, transparency and with equal treatment.
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It must establish protection measures for vulnerable groups.
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It must prevent the exploitation of casino games and slot machines from being used for illicit purposes.
Meanwhile, the National Superintendence of Tax Administration (SUNAT) is responsible for tax collection while the Financial Intelligence Unit of Peru (UIF) is responsible for monitoring illicit financial activity such as money laundering.
Money laundering and other financial controls over the industry have also been tightened further. Since June 1 2016 casinos and slot parlours now adhere to the Asset Laundering and Terrorism Financing Prevention System (SPLAFT) which establishes policies, processes and procedures to prevent products and services from being used for illegal purposes.
Te rules are applicable for those operators who run 500 or more slot machines in total, as well as those operators whose gaming establishments are located in the regions of Tacna, Puno, Ucayali, Loreto, Tumbes and Madre de Dios. Te new rules for gaming operations state that:
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Te government continues its crackdown on illegal gaming and now even more closely monitors the industry by carrying out frequent on-site inspections. As a result illegal gaming via slot machines only generates around US$1.5m a year
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Te money laundering prevention system must be overseen by a compliance officer.
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Operators must implement a money laundering prevention system by managing the risks to which they are exposed.
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Operators are be required to maintain a record of all those clients who make bets of US$2,500 or over as well as the winners of high payouts.
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Operators must carry out due diligence on all staff.
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Operators must confirm the identity of their clients and maintain records for five years.
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regardless of the amounts involved, must be entered in a register of suspicious transactions and must also be reported to the Financial Intelligence Unit in a period not exceeding 15 working days.
TAXATION Today operators pay 12 per cent on net win. 2016 was a record year for the industry and operators paid around US$100m in taxes. Today, thirty per cent of all tax income generated by gaming goes to provincial municipalities. Tirty percent goes to district municipalities. Ten percent goes to the Peruvian Institute of Sports. Fifteen per cent goes to the public treasury, and the remaining fifteen per cent goes to MINCETUR. As a result of increasing government control tax income generated for the industry has gone up significantly year on year.
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