IMGL Magazine November 2022

Emerging markets & culture

through which players can interact with the technological platform. Betting terminals can be installed only in remote sports betting rooms operating under the authorization of MINCETUR. 13. The method of payment of bets or prizes will be through money in circulation, credit cards, debit cards or any other means of payment accepted by the holder, with the exception of cryptocurrencies. Payment accepted by the holder must be unique to each player and prize payouts must be given only to the player who placed the bet and verified the winning play. 14. Welcome bonuses or similar are permissible provided they cannot be exchanged for money. The holder must consider that once the bet has been placed using a bonus, said bet constitutes income for corresponding tax purposes. 15. Chapter IV regulates databases. The physical location of servers may be outside Peru but the holders of an authorization must have certifications issued by an authorized laboratory which confirm compliance with technical conditions established in the law and the regulations for the installation and operation of the servers in which the platforms are recorded.

16. Point 21.1 contains an important clause concerning access to the players’ database. This paragraph states that the authorized holders will provide directly or through third parties necessary access to MINCETUR and tax ministry, SUNAT, that allows the latter to obtain information on operations carried out by players registered on the platforms. 17. Regarding guarantees to be provided in support of obligations and sanctions, holders of an authorization for the exploitation of the technological platforms of remote games or remote sports betting will grant a guarantee in favor of MINCETUR with the following characteristics: a) A separate authorization is required for the operation of each platform and for each remote sports betting gambling room subject to authorization. b) The guarantee is binding, irrevocable, unconditional, and automatically realized in the form of a bank deposit, bank deposit letter or a surety policy c) The term of the guarantee is one calendar year renewable for the same period d) The amount of the guarantee is equivalent to 200 Tax Units and five Tax Units for each remote sports betting game room. ITU today: 5/. 4,600.00. e) This guarantee will be increased in proportion to the

56 • IMGL Magazine • November 2022

Made with FlippingBook flipbook maker