GAT Showcase Santo Domingo: CEO of Ribels explains that “Our expectation is to continue consolidating ourselves in the Latin American market”

GAT Showcase Santo Domingo was the meeting point for a large number of companies in the gaming industry from America and the world. Today it is the turn to hear the opinion of Cibeles Jiménez, Founding Partner and CEO of Ribels who shares his opinion regarding the innovations presented at the show. What stands out is “our value proposition focused on offering the implementation of regulations adapted to each business scenario. and leveraged on a technological tool for good practices on KYC; as well as focused on specialized training in risks, prevention of money laundering, governance and compliance.”

“In addition, we highlight our experience in the implementation of anti-bribery programs, aligned with the new regulations of the Casinos and Games of Chance Directorate. We believe that this participation was fundamental to show our commitment to transparency and the integration of responsible practices in the sector in this event where different regulators, unions and potential commercial allies were present.”

Regarding the birth and evolution of the company in the market, Cibeles recalls that “Ribels has been generating value for 5 years in different regulated sectors such as finance, cooperatives and gambling. “We have developed a comprehensive portfolio that not only includes regulatory advice, but also technological solutions and the continuous training of our clients, with interactive and multi-resource training plans.”

“Our evolution has been marked by a focus on risk management and regulatory compliance, adapting our services to the demands of the sector and global trends. This offer has allowed us to consolidate ourselves as a strategic ally for several casino groups in the Dominican Republic.”

 How have you seen the interaction with attendees and what type of feedback have you received at the show?

The interaction at GAT Santo Domingo was very positive. We received very encouraging feedback about our proposals and services. Many attendees valued our experience in implementing responsible regulations and practices in the gambling sector. Additionally, the conversation about the new regulations generated great interest, reflecting the need for strategic allies like us.

The gambling industry in Latin America and the Caribbean

What expectations do you have regarding the Latin American market, particularly in the Dominican Republic?

Our expectation is to continue consolidating ourselves in the Latin American market and, specifically, in the Dominican Republic, where we see great growth potential. We believe that the recent update of regulations at the Casinos and Gaming Directorate opens new opportunities to implement responsible gaming practices and improves confidence in the sector. Our goal is to expand our collaboration network with casino groups to contribute to the development of a regulated and safe environment.

What are the biggest challenges for your company in the region?

In the region, one of our main focuses is to capitalize on opportunities arising from new regulations and growing interest in responsible gaming practices. Although each country has its own set of regulations, we believe that our extensive experience in regulated sectors positions us favorably to help operators adapt and thrive in this environment. Our mission is to be an ally in the implementation of effective and sustainable solutions that guarantee compliance and promote the growth of the sector.

How do you perceive the impact of regulation on the growth of the sector in the Caribbean?

We perceive that regulation has a positive impact on the growth of the sector in the Caribbean; here the challenge is to achieve a sector with a common focus or direction for all its actors.

Well-structured regulation fosters confidence among both consumers and investors, which is crucial for the sustainable development of the industry, but we must all be convinced of this and make it happen.

Finally, what do you think about the business opportunities that the Dominican Republic offers for the gaming industry?

The Dominican Republic is positioned as a crucial point on the map of business opportunities for the gaming industry. With an evolving regulatory framework and a constantly growing tourism sector, we see a great opportunity for companies to establish strong and responsible operations. Our vision is to contribute to this process and work together with local entities to strengthen the market.