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Betting in Peru

Published on: 01/02/2016

The Republic of Peru is the third biggest country in South America; it is approximately three-times bigger than California. The nation shares borders with Columbia, Brazil, Bolivia, Ecuador and Chile. The official language spoken is Spanish and the currency used is the Nuevo Sol. Peru’s population has reached almost 30 million. In ancient times, the area belonged to the Incan Empire, until the arrival of the Spanish conquistadors around 1533 to 1542. It was not until 1821 that Peru established independence. Over the next 150 years, the region underwent many territorial disagreements until eventually the military took control from 1968 to 1980, although things remained unsettled until the 1990s.

In 1993, a new Commission was established. In 1998, Peru and its neighbours managed to draw up agreements with regards to territories and now Peru is a Republic run by a President.

The Hipódromo de Monterrico is located in Lima and was founded in 1960. The facility offers horseracing three days during the week and on Sundays, and features a modern racebook with pari-mutuel betting. Horserace betting was one of Peru’s earliest forms of gambling.

The nation’s first National Lottery, known as Peru La Tinka, started in 1994, and is sponsored by Introlot de Peru. The lottery produces roughly ten major winners annually. A new lottery was created in 2009, after a long term licence was issued to Corporacion Galena to provide a mobile phone-based lotto game. Since the turn of the century, gambling establishments have multiplied in Peru. More than 60 regulated casinos have been built. Six casinos can be found in Lima, including the Luxor, the Aladino and the Flamingo.

Peru’s biggest casino is the Centro de Entretenimiento y Convenciones Atlantic City. The facility covers 30,000 square feet of gaming space and houses over 50 poker and games tables, approximately 1,000 slot machines and three restaurants. The casino is open for business 24/7.

Peru has a multitude of sportsbooks and bingo halls, with most of them now being licensed. In recent years, the Peruvian government has cleaned up the nations gambling industry, and has become more lenient towards online betting - a sure sign that it is modernising its approach.

Betsson obtained the first gambling licence to offer internet casino products in Peru in 2008. Subsequent licences have since been granted to many companies, including local enterprises such as Super USA Casino - which also offers a sportsbook - and Casino Peru.

The local citizens of Peru are completely free to wager via foreign online sportsbooks as the laws do not stipulate otherwise. Over 450 off-shore betting web sites welcome play from the Peruvians. Many of these services provide information using the Spanish language.

With regards to withdrawals and deposits, there are a variety of choices available such as debit and credit cards or prepaid cards. The use of e-wallets including Moneybookers, Entropay and Click2Pay are also acceptable.