Betsoft has unveiled a partnership with Peru’s premier gaming destination, retabet.pe. The deal will enhance the provider’s position in the LATAM region and will see it supply its new partner with a range of games.

Betsoft Takes Retabet’s Offering “to the Elite Level”

According to the announcement, cutting-edge titles such as Pho Sho, Super Golden Dragon Inferno and Take the Bank will immediately make their way into retabet’s portfolio. The partnership also covers Betsoft’s latest instant game, Plinko Rush.

Betsoft’s games are underpinned by unrivaled engagement tools and optimized to provide maximum excitement and brand loyalty. To that end, Betsoft leverages its Drive gamification toolbox, which includes mechanics such as Take the Prize and Tournament.

Betsoft continues to drive innovation with its state-of-the-art products. Last year, the provider launched Supreme 777 Jackpots, a new online game that reimagines blackjack, melding the traditional blackjack experience with jackpot games.

Retabet, on the other hand, is one of the leading players in Peru’s gaming market. Thanks to its reliable customer service, unparalleled VIP experiences and slick user experience, the operator has been able to continuously remain ahead of the curve.

Another thing that sets apart the Peruvian operator from its competitors is the generous welcome package and regular retention offers it provides to its players. An additional highlight is the respect retabet provides to its players, ensuring that they feel valued over the entire lifecycle of their relationship with the company.

Retabet Praises Betsoft’s Games

Jonathan Crook, Betsoft’s account management team lead, said that his team is glad to catapult its presence in Peru with an “innovative operator such as Retabet.”

It’s a deal we’ve been looking to get done for some time, so to finally be live is amazing. We know their players will love our games.

Jonathan Crook, account management team lead, Betsoft

Retabet Group’s chief marketing officer, Alvaro Gonzalez, welcomed Betsoft to the Retabet family, praising its high-quality content.

Adding new quality content, such as Betsoft’s renowned slots to our customer base is key to our continued success in the casino vertical. Our customers will definitely thank us for onboarding Betsoft.

Alvaro Gonzalez, CMO, Retabet Group

Betsoft is not the only provider to recognize the potential of the Peruvian market. In September, BGaming, another major supplier, expanded its presence in the country, launching content with Betara.

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Gambling regulations in Peru are about to change. The government released changes in the regulations in the online gambling industry, specifically in implementation and regulation in this industry, on October 13, 2023.

New law implementation

The new rules for remote gaming and sports betting in Peru are regulated by Law No. 31557. The document is called Supreme Decree Nº 005-2023.

The point of new regulations is to allow the licensing regime, which will allow online gambling operators to offer their services in the country. Prior to the final approval, the law was amended by Law No. 31806.

The Bill was signed in 2022, and back then, the government was able to set a 12% tax on net income in the gambling industry. According to that, the government was expecting to earn about $40 million in profit from the gambling industry on a yearly basis. Pedro Castillo, the President of Peru, wanted to approve this in order to “have more resources to meet its economic and social obligations.”

Establishing MINCETUR

However, when the Supreme Decree was approved, the Ministry of Foreign Trade and Tourism, MINCETUR, was in charge of everything related to online gaming and sports betting, including getting the authorization to issue licenses. MINCETUR will be in charge of registering various technological platforms and all of their partners, as well as online gaming programs, live casino games, sports betting terminals all around the country, and service providers related to them.

However, one of the most important duties of the body will be taking care of complying with the advertising restrictions and responsible gaming regulations.

The new regulations will take care of the main technological standards, as well as various restrictions when it comes to gambling ads and responsible gaming provisions.

As Sigma reports, the Supreme Decree will also allow the operators who still haven’t gotten their licenses to have the gap of 30 days, specifically the operators who weren’t licensed on March 9, so they’ll get a second chance to become part of the Peruvian gambling market.

Almost all of these regulations will be effective 120 days after they are released. However, the specific sections have special timelines for all operators and licensees.

It remains to be seen how Peruvian operators will react to these new regulations. However, it is surely a step in the right direction when it comes to strengthening the Peruvian and Latin American markets and opening the door to the popularization of gambling and sports betting in these markets.

Source: Pulis Xerxen, Shirley, “Online gambling regulations published in Peru”, October 16, 2023.

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