Regulation in Latin America: Opportunities and challenges for European companies

Sebastián Vivot, manager of Modernization and Information Technologies of the City of Buenos Aires Lottery, said: "We work on two fronts. Gaming is a highly regulated industry, and we had meetings where the situation of online gaming was anticipated."

Andrea Avedillo, Legal Officer of Lazcano Sámano (Mexico) said the following: "Of the 36 land-based licensees in Mexico, 40% can operate online, however, a very low percentage operates due to lack of knowledge and experience. They they brought together foreign operators offering their platform and gaming deals. " Then she added: "Now many operators are going to have to turn to online, which is currently trending."

Antonio Salord, Latin America Sales Manager at Magellan Robotech, talks about the situation in Peru. "Since 2018 there have been several bills. I think that the political situation has caused a delay. It is a very interesting market for online, since there are no taxes. The problem is the lack of banking access."

Regarding a possible boost for online gambling regulation in the region, Karen Sierra, GLI Director of Government Relations and Business Development for Latin America and the Caribbean, stated: "The issue has been on the table for the last 5 years , from the regulation in Colombia ". Then he said that in the Province of Buenos Aires, regulation is pending, that a bill was presented in Panama in March, that in Chile and Brazil the subject generates great interest, and that fantasy sports were legalized in Puerto Rico. He also assured that the crisis will accelerate the processes and that many regulators are already working remotely.

Sierra also said that there are many technological tools to control online gambling, such as maximum bet limit, list of restrictions, operator messages, links to responsible gaming associations, self-regulation tests, etc.