Paraguay’s gaming regulators put the ‘fun’ in dysfunctional

If there are in fact any adults overseeing Paraguay’s gaming market, they’re currently on a very long coffee break.

On Friday, the new five-year Paraguyan sports betting monopoly of Daruma Sam S.A. will take effect. The controversial concession was confirmed by the National Commission of Games of Chance (Conajzar) in March, following a contentious tender that sparked widespread allegations of political interference and led to the resignation of Conajzar’s former boss.

As of Friday – just in time for the 2018 FIFA World Cup – the provisional licenses of Paraguay’s nine other online and land-based sports betting operators will expire, meaning they will have to either come to some form of cooperative arrangement with Daruma Sam or shut down their local operations.

Daruma Sam’s concession allows it to operate both online and via 200 retail outlets, all of which will operate under its Aposta.la brand. The company will pay 21% tax on its gross revenue, from which the government hopes to earn PGY3.74b (US$653k) per month, based on Conajzar’s estimates of the market’s monthly revenue of PGY17.8m.