With the bill that was partially approved on November 26, Paraguay is progressing into reforms for gambling regulations that would bring an end to the monopoly in the market....
Paraguay to end the gambling monopoly
On December 24th, Paraguay’s Chamber of Deputies took a major step toward modernizing the country’s gambling laws by approving a bill to change the gambling market.
The bill, which modifies Law No. 1,016/1997, aims to improve regulation, boost government revenue, and modernize the industry. After some changes made by the Chamber of Senators, the bill was finally sanctioned following a series of discussions.
It aims to restructure Paraguay’s National Gaming Commission (Conajzar) and strengthen its ability to enforce regulations, improve tax collection, and oversee the gaming industry more effectively, giving the Commission a more active role in managing gambling activities across the country.
The bill became the reason for debates among lawmakers, with concerns raised about specific changes, such as those to Article 20. However, supporters highlight how the reforms would enhance Conajzar’s executive powers, especially in terms of tax collection and regulation enforcement.
This move shows the beginning of a new era of having a more competitive gambling market in Paraguay. By erasing monopolies that have dominated the gambling sector for a long time, the bill opens the industry door to more operators, which could lead to better services, greater innovation, and a more transparent market.
FAQs
Is gambling legal in Paraguay?
Gambling in Paraguay is legal.
What is the legal gambling age in Paraguay?
The legal gambling age in Paraguay is 18 years old.
Being a landlocked country located between Argentina, Brazil, and Bolivia, Paraguay plans to reform its gambling regulations, aiming to promote competition and improve...
