The Dominican Republic has signed a new resolution into law which will provide a new regulatory regime for online gambling.<\/p>\n
On 26 March 2024, the Dominican Republic issued Resolution 136-2024. This will now see a new regulatory regime for online casino and sports betting. <\/p>\n
The resolution has been issued by the Dominican Republics Ministry of Finance. The new set of measures will be supervised by the Direccin de Casinos y Juegos de Azar (Directorate of Casinos and Gaming). <\/p>\n
Online gambling was initially regulated in 2006, with the first licence issued in 2011. Notably, Amaya was the first to be issued with a licence. <\/p>\n
The company is better known as The Stars Group, which it rebranded to in 2017. Amaya was acquired by Flutter Entertainment in 2019. <\/p>\n
Despite two laws, Ley 139-11 and Ley 494-06, forming the framework for online gambling in the Dominican Republic, Amaya has been the only owner of a licence to date. This meant that the law existed more in theory than practice. It is also unclear if Amaya still retains its licence. <\/p>\n
Thanks to Resolution 136-2024, the Dominican Republic is now expected to bring about a more comprehensive framework for regulation. <\/p>\n
This will make the regulated market more competitive and, it would be assumed, boost state revenue with new entrants. <\/p>\n
The Dominican Republics gambling laws fall under the jurisdiction of theDireccin de Casinos y Juegos de Azar. <\/p>\n
The directorate is managed by the Ministerio de Hacienda (Ministry of Finance). As a result, it is responsible for issuing licences to online casinos and lotteries. <\/p>\n
The process follows multiple iterations between June 2019 and March 2024. Totaling 36 pages, seven chapters and 36 articles, Resolution 136-2024 has now been signed into law. The signatory is the minister of finance, Jose Manuel Vicente. <\/p>\n
Under the new law, each licence issued will be valid for five years and is non-transferable for the first three years. <\/p>\n
The cost of of a licence is equal to $346,000 (275,000\/320,600) for both online casino and sports betting. <\/p>\n
While taxation has not been listed in the resolution, the previous law Ley 139-11 has set a gross gaming revenue rate of 29% for land-based casinos. It is likely that this will be the same for online. <\/p>\n
In order to acquire a licence, operators in the Dominican Republic will also be obligated to provide evidence of responsible gambling programmes. <\/p>\n
This will include a mandatory self-exclusion process, as well as a required set of measures outlined by the ministry to encourage responsible gaming. <\/p>\n
Among these are the the requirement to show time elapsed since the start of a session. Operators will also need to provide options to limit bets and gaming session duration. Additionally, all sites will be required to display a permanently visible responsible gaming notice. <\/p>\n
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Dominican Republic issues new online gambling regulation - iGaming Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Dominican Republic has signed a new resolution into law which will provide a new regulatory regime for online gambling. On 26 March 2024, the Dominican Republic issued Resolution 136-2024. This will now see a new regulatory regime for online casino and sports betting Continue reading