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Events

Online gaming regulation: the key to industry growth in the Dominican Republic

Thursday 03 de October 2024 / 12:00

2 minutos de lectura

(Dominican Republic, Exclusive SoloAzar) - The creation of a regulatory framework for online gaming is essential for the Dominican Republic, as it would safeguard consumers and encourage investment. Circe Almánzar Melgen urged all stakeholders to collaborate in this task during her intervention at GAT Showcase Conferences.

Online gaming regulation: the key to industry growth in the Dominican Republic

Within GAT Showcase in the Dominican Republic, Circe Almánzar Melgen presented the conference ‘"Digitain: Benefits of a Regulated Online Gaming Industry". During her speech, she emphasised that the regulation of online gaming not only protects consumers, but also encourages investment and formalises an industry that, despite its global relevance, still lacks a solid regulatory framework in the country.

Almánzar Melgen stated: “Gaming is a reality in our country, and we must find institutional ways to coexist with it”. She highlighted the urgency of building a more transparent and sustainable environment through adequate regulations.

The Licensee underlined the remarkable growth of the global online gaming market, which reached revenues of $88 billion in 2023 and is projected to reach $107 billion by the end of 2024. “With the high degree of connectivity and flexible human capital in the Dominican Republic, we have the potential to become a regional hub for online gaming”, she stressed, although he cautioned that this will depend on adopting the necessary regulations.

Addressing the need for a regulatory framework, he noted that “licensing without oversight must be strict’ and that ‘regular audits are essential to ensure compliance with regulations”. In addition, he stressed the importance of creating an autonomous superintendence of lotteries and gaming to supervise and regulate operators.

Almánzar Melgen cited international examples, such as the case of Colombia, which, after regulating gambling in 2016, has seen an increase in the confidence of operators and players, as well as in its tax revenues, which grew by more than 16% in recent years. ‘Online gaming taxes are a significant source of revenue for governments,’ she said, arguing that effective regulation generates tax benefits and protects players.

She also stressed that online gaming platforms should offer self-exclusion tools and limits on gambling to prevent addiction, while underlining the need for ‘clear and consistent rules’ covering all aspects of the market, from licensing to user data protection.

Finally, she urged Dominican authorities and all stakeholders to collaborate in the development of a regulation that guarantees a safe, fair and transparent environment for users, contributing to the economic and social well-being of the Dominican Republic. "A new regulatory framework is an urgent necessity,’ she concluded, emphasising that “the benefits far outweigh the difficulties”.

 

Categoría:Events

Tags: GAT EXPO Gaming & Technology,

País: Dominican Republic

Región: Central America and Caribbean

Event

Peru Gaming Show 2025

18 de June 2025

From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion

(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.

Tuesday 15 Jul 2025 / 12:00

Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)

(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.

Monday 14 Jul 2025 / 12:00

“Localization is a critical factor for success in Latin America:” Roman Bogoduhov, Endorphina

(Lima, SoloAzar Exclusive).- In this Q&A, Roman Bogoduhov, Endorphina Senior Business Expansion Manager – LATAM, shares his experience at recent PGS 2025, highlighting an improvement in the number of participants, greater activity and new platforms and operators. Read more about Endorhina new releases, the Peruvian regulation and new market insights in this article.

Friday 11 Jul 2025 / 12:00

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