The Dominican Republic blacklisted over 40 major operator brands. This action precedes the re-regulation of its online gambling market. A noteworthy move occur simultaneously with the issuance of Resolution 136-2024. This introduces a new regulatory framework aimed at governing online gambling activities within the country.
Under DCJA, which falls under the Ministry of Finance, this resolution introduces a regulated framework for online casinos and lotteries. Aligning with Law 155-17 – “Against Money Laundering and the Financing of Terrorism,” the Dominican Republic will no longer authorize operators without a valid license to operate within its borders.
The Dirección de Casinos y Juegos de Azar has released a list. It includes 41 operators barred from offering services. It includes well known names like Betwaty, Betsson, Bet365, 888Sport, William Hill, Betfair Colombia, Mr Green Casino and Interwetten.
The Dominican Republic started regulating online gambling in 2006. The first license was issued in 2011 to Amaya, owner of PokerStars then. Amaya remains the only licensee today. The law exists more in theory than practice.
The new regulation is expected to bring a more comprehensive framework for online gambling in the country. This will foster competition and potentially increasing state revenue. For five years, licenses will be valid with non-transferability for the first three years.
The cost of getting a casino license is $346,000. On the other hand, the regulatory body will price sports betting licenses at $260,000. Moreover, a third license for other applications will be available. It costs $170,000.
Jose Manuel Vicente initiated the regulatory process on February 28 and finalized it by signing Resolution 136-2024. He is the Minister of Finance.
