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Insight PERU MARKET


Te need for uniformity in regulations to manage risk


G3 talked to one of the leading experts in the field Carlos Fonseca Sarmiento, who has participated in gaming regulation projects in the Dominican Republic, Nicaragua, Paraguay and Chile


What are some of the biggest problems which the gaming market has faced in Peru and what are the challenges that it faces in the future?


Peru is a country which has a very developed gaming industry. However, there is no national authority which concentrates all jurisdictions in the granting of all games. Casino games and slot machines come under the jurisdiction of MINCETUR. Horse race betting comes under the jurisdiction of the Provincial Municipalities. All other games that do not have a specific regulation, for example, online games and sports bets offered from Peru, come under the jurisdiction of the District Municipalities.


Te main problem in the market is that there is no uniform regulation of all gambling games. While the regulations applicable to casino games and slot machines are very strict and developed "enforcement" does work regarding


P94 NEWSWIRE / INTERACTIVE / 247.COM


other games, there are no specialised control authorities and the requirements to obtain a license are easy to comply with. For example, to operate a racetrack and to organise equestrian betting, it is only necessary to obtain a municipal license and there is no control by a state authority which is carried out for compliance when it comes to gaming rules.


Another major problem has been the establishment of excessive restrictions that created legal disputes between operators and authorities, especially in the slot machine sector. However this era of “learning” has been overcome.


Is there still room for growth for large scale casinos in the future?


I believe that at the Latin American level, Peru has the most developed regulation for betting


games – specifically when it comes to slot machines and casino games as it counts on the most technical authorities, and the most competitive entrepreneurs as well as the latest generation of slot machines. In Peru the main betting game is via slot machines and then casino games. Pursuant to Peruvian legislation, a "Gaming Room" is defined as the establishment where slot machine games or casino games are operated. Te authority grants a gaming license for each type of activity. Tere are establishments that have two licenses, one for a slot machine rooms and another for a casino game room . . . In Peru the number of casino gaming rooms has never gone beyond twenty establishments. But we are a country of more than 30 million people and currently there are more than 700 slot machines and more than 70,000 slot machines. I believe it is feasible that the market can accept up to 100,000 slot machines and therefore more than 800 slot


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