Tag Archives: Paraguay

Paraguay will begin to overhaul its gambling laws in 2025, as President Santiago Peña has approved the bill to “establish a new legal regime for the exploitation of games of chance”. Endorsed by President Peña and the Ministry of Finance, the measures and amendments carried by the bill received federal approval from Paraguay’s National Congress in December. Changes introduced by …

President Santiago Peña of Paraguay has endorsed a new bill to reform national gambling laws and revise the privileges of municipal gambling monopolies. Submitted by President Peña and Minister of Economy Carlos Fernández Valdovinos, the bill is now before the National Congress for an expedited review. The bill’s text states: “I address Your Honourability, and through you, the Honourable National …

The Senate of Paraguay has postponed all reviews related to amending or modifying existing gambling laws. The postponement of gambling amendments was announced by the Senate’s Constitutional Affairs Committee, chaired by Javier Zacarías Irún. The Committee had been assigned to review a ‘project proposal’ for gambling amendments endorsed by Senators Sergio Rojas and Dionisio Amarilla. The proposal called for the …

The Chamber of Deputies of Paraguay must explain why it has “shelved plans” to review specific amendments to overhaul the South American nation’s gambling regime. The demand was filed by APOJA, Paraguay’s Gambling Association, which urged the Chamber to provide stakeholders with an update on whether articles to reform Paraguay’s gambling regime had been terminated. At the close of 2023, …

Banco Central do Brasil has been authorised to expand the Pix payment platform internationally to accommodate cross-border transactions for Brazilian businesses. The decision was taken following a meeting of the Central Bank’s policy advisors on how to maximise global cross-border payment authorisations and efficiencies helping expand Brazil’s international network and resources for business. Pix was first launched by the central …

Fourteen members of Paraguay’s Chamber of Deputies have called on the government to modify articles of the Gambling Law. The deputies have urged the government to end the privileges of Conajzar, the National Gambling Commission of Paraguay, in granting concessions for gambling licenses. The deputies signed a proposal seeking to revise six articles of Paraguay’s Gambling Law (8, 11, 13, …

CONACOM – the competitions authority of Paraguay – has launched a probe into the tender competition to operate a federal sports betting franchise.  Launched in September 2022, the blighted competition was run by Conajzar, the National Gambling Authority of Paraguay, for the exclusive rights to operate a national sports betting franchise. The tender was lambasted by participating suitors who stated …

Conajzar, the gambling authority of Paraguay, has been forced to disclose all information related to its tender competition to award an exclusive national sports betting franchise.  This week, the Commission of Paraguay’s Congress approved an appeal by rejected suitors forcing Conajzar to explain how it ran and chose concessions to participate in its tender. The appeal was brought forward by …

Paraguay’s tender to award a national sports betting franchise has come under disrepute as participants have rejected the concession’s result. This week, Conajzar, the gambling authority of Paraguay, announced Daruma Sam as the winner of its competition to operate an exclusive sportsbook franchise across all provinces. The decision was immediately challenged by participants, who accused Conajzar of having no intention …

Conajzar, the gambling authority of Paraguay, has received seven business applications to compete in its tender to operate a ‘national sports betting franchise’. The tender was formally announced during the summer, as Conajzar promoted the competition via a nationwide advertising campaign, informing Paraguay’s public and business community of its intentions to launch a new sports betting franchise.  Yesterday, Conajzar lauded …