More than forty prominent operator brands have been blacklisted by the Dominican Republic in a definitive move that comes amid the impending new reregulations of its online gaming business. This action is in accordance with Resolution 136-2024, which established a revised regulatory framework that oversees online gaming operations in the nation.
Resolution 136-2024 creates a regulated framework for internet casinos and lotteries, operated under the Ministry of Finance and overseen by the Dirección de Casinos y Juegos de Azar (DCJA). A major change in regulatory enforcement is indicated by this framework, which attempts to assure conformity with Law 155-17, “Against Money Laundering and the Financing of Terrorism.”
Prominent Operators Barred from Offering Services
The DCJA has released a list of 41 operators, including well-known names like Betway, Betsson, Bet365, and William Hill, barred from providing services within the Dominican Republic. This crackdown underscores the government’s commitment to enforcing stringent regulations in the online gambling sector.
The new regulatory measures are expected to bring about a more comprehensive and competitive landscape for online gambling in the Dominican Republic. By fostering a regulated environment, the government aims to increase state revenue while ensuring consumer protection and combating illegal activities.
Under the new framework, licenses will be valid for five years, with non-transferability for the initial three years. The cost of obtaining a casino license is set at $346,000, while sports betting licenses will be priced at $260,000. Additionally, a third license category for “other applications” will be available, costing $170,000. Although taxation specifics are not outlined, it is anticipated that the gross gaming revenue rate for online operators will mirror that of land-based casinos, currently set at 29%.
Operators from other countries that want to join the Dominican Republic market will have to meet strict regulations. This entails registering their business with the Commercial Register of the nation, following the General Directorate of National Tax and the Office of National Contributions’ registration guidelines, and maintaining servers within the nation. In addition, operators need to start up within six months of receiving the license in order to guarantee prompt adherence to regulatory requirements.
The online gambling industry is about to undergo a major shift that will usher in a new era of responsibility and regulation as the Dominican Republic pushes forward with its re-regulation initiatives.
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