Booming Games Now Officially Registered for Peru Operations
LISTEN TO THIS ARTICLE:Booming Games has achieved a milestone in its aim of expanding in the Latin American market. The iGaming developer is now officially registered in Peru, allowing it to distribute its titles and sign partnership agreements with approved operators in the jurisdiction.
Peruvian players will soon be able to access the provider’s range of games like Classic Fantastic, Burning Classics, Cash Pig, TNT Bonanza, and Buffalo Hold and Win as Booming Games proceeds with the certification process for its games and platforms.
Being officially registered in Peru marks a significant milestone for us at Booming Games. Operating in regulated markets is crucial for us as it ensures a level playing field and fosters trust and transparency among players and operators alike. By adhering to stringent regulations, we can provide a safe and secure gaming environment while also contributing to the growth and legitimacy of the industry. We are committed to upholding the highest standards of compliance and integrity as we continue to expand our presence in regulated markets worldwide.
Peru’s New Gaming Regulations
The development sees Booming Games leverage the country's recent regulatory approval, following the decision of the Ministry of Foreign Trade and Tourism( Mincetur) to approve sports betting and iGaming regulations in October.
Under the law, all online gambling businesses operating within the country must use a Peruvian domain address (.bet.pe/ .bet/ .com/ .pe/.com.pe), establishing a point-of-consumption system. Operators are also required to pay a monthly tax of 12% of their revenues.
The new rules took effect on February 9, 2024. It represented a notable achievement for Peru as it harmonized with other regulated LatAm gambling markets. The law has also opened up prospects for many international iGaming suppliers, like Booming Games, looking to strengthen their presence in Latin America.
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