SBC News Altenar gets tech provider approval in new Peruvian market
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Altenar gets tech provider approval in new Peruvian market

Altenar has officially been approved as a technological platform provider in Peru following the country’s newly established online gambling market.

In October 2023, a supreme decree outlined the compliance requirements for igaming operators.

Marina Zacharopoulou, Compliance Manager at Altenar, said: “Achieving homologation in Peru is a testament to our team’s dedication and expertise in navigating regulatory landscapes.

“This milestone positions us for further growth across LatAm, ensuring operators in the region have access to a fully certified and high-performing sportsbook solution,” added Zacharopoulou.

As one of the first providers to submit its application, the company successfully met all regulatory standards as it aims to reinforce its commitment to compliance and market expansion.

Diego Salas, Sales Manager at Altenar, noted: “Despite the recent challenges the regulation has brought for operators this approval allows us to support our partners in unlocking the full potential of this exciting market.  

“We are excited to add Peru to the list of regulated countries we support, and we’re ready to keep empowering operators across LatAm.”

In recent news, Peru’s Executive Branch has decided to go through with the implementation of its Selective Consumption Tax (ISC) on the nation’s online gaming sector. 

Despite confirming that the ISC tax will be applied to the online gaming industry, the Peruvian government announced that the initial 1% tax rate will be temporarily reduced to 0.3% until July. 

As Gonzalo Pérez, CEO and Partner of Apuesta Total spoke out against the tax towards the end of last year, SBC Noticias reached out to understand his opinion on the new structure. 

He explained: “It might seem like a reasonable decision in terms of gradualism. 

“However, we believe that any tax burden on the amount wagered is a mistake because it does not reflect the real dynamics of the business, as it does not take into account that companies operate on a reduced margin after paying prizes to players.

“By taxing the total amount wagered and not the actual profits (GGR), the impact becomes disproportionate, affecting the sustainability of formal operations.” 

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