The former Director General of Paraguay’s’ CONAJZAR ‘ gambling commission, Javier Balbuena, has been appointed as a key adviser to the Economic Affairs Committee, which is set to undertake a wholesale review the gambling laws in Paraguay.
According to Balbuena, members of the Committee were expected to review three separate ‘Games of Azar Games’ bills aimed at establishing a new regulatory framework regulating Paraguayan gaming across all verticals.
Paraguay, as a jurisdiction, has no distinction between disciplines of land-based and online gambling, operating within a legislative framework that has not been updated since 1997.
Balbuena said: “I am pleased to be able to collaborate on something that I am very passionate about and to be able to share some of the experience I have about it. In order to prepare a bill of this type, it is necessary to be able to combine the different types of aspects that currently surround the regulation of gambling.
Despite differences in technicalities, Balbuena has confirmed that all three draft CONAJZAR bills endorse tighter gambling regulations and systems.
With a lack of progress in revamping Paraguayan gambling laws, CONAJZAR has seen a limited scope for sanctioning licenses, with little regulatory oversight over industry governance that Balbuena is seeking to change.
Balbuena details: “In the three projects there are points in common, such as the need for the regulatory body to have its own legal status, have budgetary autarchy and, above all, have a strong control and control structure, elements with which Conajzar does not currently count.”