In a pivotal step towards modernizing its gambling sector, the Paraguay Chamber of Deputies has approved a bill that marks the end of the country’s state-run gambling monopoly. The reform, passed on December 17, 2024, introduces sweeping changes aimed at liberalizing the market, allowing private operators to enter the industry for the first time. Dismantling the Monopoly Under the newly passed bill, Paraguay will finally dismantle its restrictive gambling monopoly, which had limited operations to public tenders only. This change opens the door to private companies, paving the way for more competition and variety within the country’s gambling market. The approved amendments to Law No. 1,016/1997 signal Paraguay’s shift towards a more modernized approach to gambling, one that aligns with global industry trends. For years, the country’s gambling activities had been regulated under a public monopoly system. However, the newly passed reforms will allow private businesses to enter the market, fueling competition and economic diversification. These changes are expected to… Read More
Category: News
Source: Casino News Daily
