Uruguay takes a significant step in the fight against illegal gambling by introducing a groundbreaking bill to regulate slot machines. Senator Sergio Botana‘s initiative is a bold move to bring order to the unregulated slot machine landscape, with plans to limit the maximum number of operational slots to 25,000. This comprehensive proposal, currently under the scrutiny of the Senate Finance Committee, seeks to define legal parameters for slot machine operations, including commercial premises, operator criteria, tax structures, and gaming program certification.
In a determined effort to combat illegal gambling activities, Uruguay has set the wheels in motion to introduce a bill aimed at regulating the operation of slot machines across the country. Spearheaded by Senator Sergio Botana from the National Party, this legislative initiative has been presented to the Senate Finance Committee on November 21, with discussions anticipated in the coming weeks, possibly before the year’s end.
The need for such regulation becomes evident when considering that Uruguay currently houses an estimated 40,000 to 50,000 slot machines, operating without any formal oversight. This situation has sparked a contentious debate between the General Directorate of Casinos (DGC), which deems these operations illegal, and the machine owners, organized under the Uruguayan Chamber of Entertainment (CUDE), who hold an opposing view.
According to reports from local media outlet El País, the proposed bill outlines a framework that permits the commercial exploitation of slot machines. It specifies that these machines can be installed in authorized commercial premises primarily engaged in businesses such as canteens, pubs, lounges, bars, restaurants, and hotels with up to three stars. Moreover, the bill imposes a strict maximum limit of 25 machines per commercial establishment.
The proposed slot machine regulation bill aims to strike a balance by considering various factors like the operator’s age, the amount of guarantee, permit costs relative to the number of machines requested, among others. It prescribes that each operator should be awarded a minimum of 50 machines and a maximum of 500 machines. Additionally, only natural persons registered with the General Tax Directorate (DGI) and the Social Security Bank (BPS) are eligible to operate these machines. These individuals must demonstrate financial stability, suitability, and continuous involvement in this activity for the past six years from the enactment of the law.
The bill also incorporates measures to ensure that only individuals with clean criminal records can own or operate these businesses. This precautionary step is intended to safeguard against the entry of potentially harmful foreign entities involved in criminal activities like drug trafficking and money laundering.
Furthermore, it mandates all slot machine owners to form a collective body responsible for identifying authorized permit holders. These entities must fulfill their fiscal obligations, including prize payouts and guarantees, thus establishing a system akin to that of Pool Banking.
The proposed regulations entrust the Technological Laboratory of Uruguay (LATU) with the task of certifying that gaming programs meet specific requirements, ensuring that the public’s return percentage does not fall below 85 percent.
Among the bill’s provisions is the establishment of a registry for slot operators, manufacturers, electronic machines, authorized games, and exploitation contracts. This registry will be under the jurisdiction of the General Registry Directorate of the Ministry of Education and Culture. Additionally, each slot machine will be assigned a non-transferable license plate number, facilitating easy identification.
From a taxation perspective, the bill proposes a flat tax rate of 15 percent on the profit generated by each slot machine. Of this tax, 12 percent will be allocated to a Municipal Development Fund, responsible for enabling premises and overseeing activities. The remaining percentages will support the operation of the collective body, the Technological Laboratory of Uruguay (LATU), and the Ministry of Education and Culture (MEC).
Senator Botana emphasized the significance of this legislative initiative, noting a growing awareness of the risks associated with unregulated slot machine operations and a shift in public sentiment towards regulation. This bill aims to establish a robust framework that not only combats illegal gambling but also promotes responsible and transparent slot machine activities in Uruguay.
SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report
In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.
Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.
A Year of Remarkable Growth
Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.
Expanding Reach and Impact
One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.
Introducing the Prime Jackpot Campaign
A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.
Insights from SOFTSWISS
Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.
Looking Ahead to 2024
In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.
Meet SOFTSWISS at ICE London
The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.
SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.
Endorphina Ventures into Peru’s Thriving iGaming Market
Maryland Bill Seeks to Ban Online Gambling on College Campuses
Dutch Regulator Intensifies Supervision in 2024 to Ensure Safe Gambling
Massachusetts Gaming Commission Fines Encore Boston Harbor $40,000a
EGBA Welcomes European AML Authority’s Frankfurt Base Decision
NetBet Strengthens Danish Presence with Hacksaw Gaming Partnership
188Bet Embracing the Philippines’ Gaming Landscape
Frankfurt Chosen as Headquarters for European AMLA
Gambling Commission Trials Financial Risk Checks
Gibraltar Emerges Victorious from the FATF Grey List
Curacao’s Online Gambling Industry in Limbo: Parliament Rejects LOK Law
UKGC Problem gambling stats indicate minimal change
Gaming revenue in Nevada hits $1.24 billion in February
Danish regulator is collaborating with Facebook to tackle the problem of illegal gambling activities
Responsible Gambling Council RG Check accreditation awarded to BetMGM
Betsson has obtained its third regional license in Argentina
Irish Labour Party repeats call for ban on gambling ads
Today marks the opening of the temporary sportsbook at Potawatomi Hotel & Casino
Lottstift, the Norwegian gambling regulator to launch tender for gambling helpline
North Carolina’s House approved sports betting bill heads to Senate.
EMEA4 days ago
BOS Opposes Swedish Gov’s Credit Card Ban
Finance4 days ago
Illinois Governor Proposes Dramatic Increase in Sports Betting Tax
EMEA3 hours ago
Dutch Regulator Intensifies Supervision in 2024 to Ensure Safe Gambling
EMEA2 days ago
GGL Urges Federal Ministry of Justice to Reevaluate Proposed Reforms