The head of the National Directorate of Tax Income (DNIT), Oscar Orué, said that they are working on the regulatory decree of Law 7438, which modifies and extends Law 1016/97 on the operation of games of chance in Paraguay. In a press conference after being received by President Santiago Peña, the e
The National Gambling Commission (Conajzar) of Paraguay has announced a significant increase in its revenue, reaching PYG 175.768 billion (USD 22.2 million) during the year 2024, which represents an 11% increase compared to 2023. According to the Ministry of Economy and Finance (MEF), between 2020 a
The current contract of Daruma SAM expires in 2028, however, under the new law, two new licenses could be incorporated. It was also revealed what will happen with the workers of Conajzar under the recently enacted legislation.Paraguay.- All eyes in the region are still on Paraguay following the enac
The President of Paraguay, Santiago Peña, has enacted Law 7.438, which primarily aims to eliminate the monopoly on granting licenses for both sports betting and quiniela (a type of number lottery). The National Gaming Commission (Conajzar) must now decide how to remove the exclusivity of Apostala,
What are the most relevant points of the new regulation that was enacted by the Executive Power this week.Paraguay.- The gaming industry in Paraguay continues to be revolutionized after the enactment of Law 7.438, which modifies several articles of Law 1016/97 that establishes the Legal Regime for t
From the Paraguayan Association of Gambling Operators, the end of the monopoly was highlighted.Paraguay.- The gaming industry in Paraguay celebrates the enactment of Law 7.438, which establishes a new Legal Regime for the Exploitation of Games of Chance.Lorena Rojas, president of the Paraguaya
This measure seeks to break the monopoly in the industry, and the transfer of Conajzar to the National Directorate of Tax Revenues has been confirmed.Paraguay.- The President of the Republic of Paraguay, Santiago Peña, enacted Law 7.438, which amends several articles of Law 1016/97 that establishes
The President of the Republic of Paraguay, Santiago Peña, has enacted a new law that strengthens the capabilities of the National Commission of Gambling (Conajzar) to combat the clandestine exploitation of gambling in the country. This measure aims to break the monopoly in the industry, regulate dig
Paraguayan President Santiago Peña (as shown above) has taken a significant step in modernizing the nation's gambling industry by supporting a comprehensive reform bill.The bill, co-submitted by Minister of Economy Carlos Fernández Valdovinos, aims to update Paraguay's outdated gambling laws and add
The Paraguayan House of Representatives has approved a bill aimed at ending the country's gambling monopoly and opening up its market. This reform amends Law No. 1,016/1997, aimed at modernizing the industry, strengthening regulation, and increasing tax revenue.The bill updates the country's existin
The main objectives of the project are to strengthen the National Gambling Commission (Conajzar) and eliminate the monopoly in the market.Paraguay.- In the second extraordinary session of the Chamber of Deputies, held on the afternoon of Tuesday, December 17, the bill "That modifies and expands Law
The prosecutor is waiting for a report to investigate individuals linked to illegal sports betting companies.Paraguay.- Prosecutor Marcelo Saldívar is advancing the investigation focused on the actions of Montego Trading, which, according to the complaint filed in October by the National Gambling Co
Paraguay has approved a bill that takes a step towards gambling regulatory reform, including ending market monopolies.In early November, the government's executive branch introduced a bill aimed at amending Paraguay's current gambling law (Law No. 1,016/1997), which includes strengthening the positi
The agency reported that the revenue for the first 11 months of the year was G. 159.792m (USD17.8m), surpassing the total collected in all of 2023.Paraguay.- The National Gambling Commission (Conajzar) announced, through the Ministry of Finance, the financial results for November, demonstrating tha
Paraguay has taken a step towards gambling regulation reforms that would include ending the market’s monopoly after a bill was partially approved [on 26 November].In early November, the executive branch of the government presented a bill to amend the current Paraguay gambling legislation (Law No 1,0
The initiative to reform Law N° 1016/1997, which establishes the legal regime for the exploitation of games of chance in Paraguay, was approved on Tuesday, November 26, in the Chamber of Deputies. The bill has been endorsed by President Santiago Peña, and its treatment in the Senate is scheduled for
