In Uruguay, the iGaming bill introduced by the coalition government of President Luis Lacalle Pu'u earlier this year reportedly took an important step when it was approved by a Senate committee.
The bill, introduced in late January, appears to legalize various forms of online gambling in the country of 1 million people and is currently set to be debated in the 350-seat House of Commons, according to sources. It is said thatIf subsequently ratified, the bill would also allow the country's Direccion General de Casinos regulator to issue fixed-term iGaming licenses to land-based facilities already operated by a range of state-owned and private companies. I'm here.
special provision
The Senate Finance Committee has reportedly added a provision requiring the Direccion General de Casinos regulator to dedicate 5% of its gross gaming tax revenues to finance local gambling problem programs as part of its deliberations on the iGaming bill. It isThe move is attributed to a request from the left-wing political party, the Broad Front, but language like a ban on licensed operators from offering bonuses such as sign-up dividends and loyalty incentives has not followed. I didn't.
upcoming battle
A bill to legalize iGaming in Uruguay will reportedly only become law if it is passed by both the Senate and the House of Representatives with unanimous votes.Concerns about rising crime rates, gambling addiction, and insolvency have led to considerable opposition in the latter legislature, and the bill may not pass, he said.
make a profit
But proponents say the legalization of iGaming will allow luxury hospitality company Cipriani SA, which is building the gambling Cipriani Ocean Resort, Club Residences and Casino in the seaside resort of Punta del Este, to maximize its investment. It is reported that it points out the fact that it can be used.The bill, which would allow the licensing of the $4 million facility, is described by company representatives as "incomplete."
Suggested shortfall
Pablo Monsuarez served as an adviser to Luxembourg-based Cipriani SA, which is responsible for fine dining restaurants and clubs around the world, and he reportedly said that current law would allow all He told sources that he would not place the iGaming industry in Uruguay.The consultant allegedly leaked that online casino games are overseen by the Direccion General de Casinos watchdog and the rest are managed by the Direccion Nacional de Loterias y Quinielas Enterprises.
Monsuarez said:
"It's going to be an unfair system. It's going to be an unfair system, where players come into the market with a clear commercial advantage without a big support structure. It would be the same if more companies participated, not just for companies.It is necessary to clarify the conditions of the participating side, and the current situation is that we have not been able to do it."
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