Paraguay introduces groundbreaking legislation to dismantle gambling monopoly, paving way for competition in the industry.
🚀️ Paraguay Cranks Up Gambling Game with Regulatory Overhaul!
📋️ Law No 7348/2025 charges up Paraguay's gambling landscape, breathing fresh air into the outdated Law No 1016/1997. This revamped regulatory framework now supports private operators of games of chance, online and off, marking the end of the nation's gambling monopoly.
🎲️ Paraguay goes all-in on Decentralization
In 2024's final round, Paraguay's Chamber of Deputies greenlighted changes to the aging gambling laws, scrapping the "national games of chance will be conducted exclusively via public tender" clause.
The new legislation spruces up, modernizes and strengthens the gambling industry's regulation in Paraguay, paving the way for a more streamlined, transparent, and effective regulatory environment.
🏢️ National Gaming Commission (Conajzar) Levels Up
The National Gaming Commission (Conajzar) morphs into a formidable decentralized body under the National Directorate of Tax Revenue (DNIT), upgrading its powers to oversee the competitive gambling market.
💼️ Gaming Commission's Role Clearly Defined
Conajzar's responsibilities include authorizing the operation of games of chance and issuing regulations at the national, departmental, and municipal levels. It will also approve new game types and penalize companies violating regulations.
🦸♂️ Conajzar's Super Powers
With help from the DNIT, Conajzar will streamline the process of approving, reviewing, and overseeing license bids and concessions. The DNIT chairperson will grace Conajzar's leadership, while representatives from governing bodies, municipalities, the Interior Ministry, and the Directorate of Charity and Social Assistance join in.
💰️ State Treasury Goes Berserk
State contributions from Paraguay's gambling sector shattered records in 2024, reaching PYG175.8 billion ($21.9 million). Carlos Liseras, Conajzar's President, expects the figure to double or even surpass expectations thanks to the tightened regulation and collaboration with the DNIT.
🎯 Sighting Squarely on Player Protection
The new regulations pave the way for private companies to enter Paraguay's gambling market. When asked why Paraguay is a promising market for gambling businesses, Liseras points out the country's recent law on gambling demonopolization, tax-friendly climate, and rapidly increasing tourism.
🔒️ Locks on Minors' Safety
Liseras emphasizes that protecting minors from the harmful effects of illegal gambling motivated the law change. Conajzar's new powers ensure legal certainty for foreign and national investors involved in authorized gambling.
🤝️ State Institutions Collaborate for Glorious Victory
Conajzar plans on maintaining strong ties with several state institutions to optimize gambling operators' smooth operation and improve controls. In addition, Conajzar anticipates extending international agreements to enhance gaming regulation and combat illegal gambling.
- Under the new regulations in Paraguay, the operations of gambling, both online and offline, are now open to private companies, marking the elimination of the nation's gambling monopoly.
- The National Gaming Commission (Conajzar) has received an upgrade in powers, now operating as a decentralized body under the National Directorate of Tax Revenue (DNIT), giving it the authority to oversee the competitive gambling market.
- The State Treasury received a considerable boost from Paraguay's gambling sector in 2024, with contributions reaching PYG175.8 billion ($21.9 million), a record-shattering amount.
- The new gambling regulations in Paraguay are aimed at protecting minors from the harmful effects of illegal gambling, with Conajzar's new powers ensuring legal certainty for both foreign and national investors involved in authorized gambling.
