The Paraguayan government has prepared a list of decisive actions to update local gaming regulations comprehensively. Key reforms will be introduced as amendments to the currently valid Law No. 1,016/1997.
Possible Changes in the Country’s Gambling Sector
As of now, the authorities restrict RMG projects to public tenders in the state. Such an approach does not allow for expanding the segment and attracting private brands to the industry.
Paraguay’s government is preparing amendments to modernise the domestic casino market and ensure healthy competition within it.
The initiative has already been officially supported by:
- Carlos Fernandez Valdovinos (Minister of Finance);
- Santiago Peña (President).
The state apparatus' primary efforts are now aimed at changing the role of the local regulator, Conajzar. It is planned to integrate the organisation into DNIT, a national directorate responsible for overseeing tax revenue, and give it more power to supervise gambling activities.
Currently, large gaming monopolies dominate the country. At the same time, exclusive franchises are provided for certain types of entertainment, such as sports betting and lotteries. These circumstances significantly limit the opportunities for private companies to enter the local market.
Expectations Regarding the Gambling Reform
The legislative changes fit perfectly into Paraguay’s economic growth strategy and coincide with the increase in regional demand for more diverse casino products. The new program’s supporters are confident that the sector will respond enthusiastically to the initiative and become much more attractive to local and foreign investors.
Paraguay’s significant reform movement aligns with key Latin American trends. The regional countries strive to quickly satisfy the audience’s growing needs amidst rapidly changing external circumstances. Similar processes to optimise gambling legislation are being incorporated in Brazil and Argentina.
If the proposed law amendments are implemented, Paraguay will have one of the region’s most promising and competitive gaming segments. The new rules can significantly boost the state’s tax revenues, prominence on the international level, and prestige in the eyes of potential investors.
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