The Casino Market team offers a first-hand account of Uruguay's objectives and internal challenges in formalising the iGaming sphere.
A recently presented project for an online gambling policy was accepted by the Finance Commission of the Chamber of Senators.
Senator Alejandro Sánchez noted that at first, he criticised the legislation because online wagering approvement in other countries resulted in a rise in addiction around the world.
The political party Frente Amplio demanded that the State get engaged in establishing laws governing responsible gaming. However, the company's officials claimed that no plans for a compensation policy or a restriction had been made.
The amended strategy was accepted by a Senate committee, but it is anticipated that it would encounter some opposition in the Chamber of Deputies.
Uruguay has advanced with market legislation since the fourth quarter of 2021 thanks to a decree created by the Ministry of Economy.
The plan would enable the DGC to manage the segment and grant permission for businesses with terrestrial operating licences to conduct businesses online.
To elaborate on regulations, the initiative examines the growth and relevance that digital gambling currently has and will undoubtedly have in the future.
The Uruguayan media claims that a crucial component of the internet gaming policy is necessary for the Cipriani project in Punta del Este to proceed. In compliance with the law, the Executive power may grant or cancel a digital permit to existing land-based vendors or other legal organisations who may in the future be eligible.
One of the demands the Italian business made while building its facility in the former San Rafael hotel was the ability for Cipriani to also operate online.
Officials of the association have challenged the regulation's strategy and dubbed the plan incomplete.
According to Pablo Monsuárez, Cipriani's legal counsel, the rules do not cover the entirety of the online gambling market. Casino games fall under the DGC's purview and the remaining products are under the National Directorate of Lotteries, which power lacks the resources to handle the niche.
According to the expert, if things stay the same, there would be an unfair system that will produce competitors with obvious economic advantages but no substantial facilities to assist them.
He asserted that it is essential to be transparent about the requirements for participants, something that is not taking place in this situation.
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