Paraguay is a small country in South America. Every year, the number of tourists flocking to this country is increasing because not only because of the beautiful natural landscape but also the friendly gambling industry here is also attracting foreign gamblers.
Gambling Laws in Paraguay
With the exception of gambling; casinos, bingo rooms, national lotteries, and a sports betting system are all legalized in Paraguay and run by the state, called Bet Book.
The Paraguayan government banned illegal gambling organizations in 2005, causing many casinos and gambling halls to close. All gambling activities are governed by the National Committee of Opportunity Games. The commission has called for bidding, licensing games of chance, collecting taxes, and combating underground gambling. No gambling organizations in Paraguay are allowed to operate without approval from the Commission.
In order to prevent money laundering in casinos abroad, in January 2008, a new law was enacted making money laundering an autonomous crime with up to five years imprisonment.
There are no specific rules for online gambling organizations in Paraguay. Recently, the Paraguay government has tried to bring online gambling into the same category as foreign banks, in order to cut down on money laundering. However, there are no clear rules so this is difficult to enforce as foreign casinos are outside the jurisdiction of the government.
Although there is no clear regulation on online casinos, Paraguayan people will not be touched by the government when betting on foreign casinos.
Paraguay is one of the few countries to legalize cockfighting activities.
Paraguayan citizens over the age of 18 are allowed to participate in games of chance.
Paraguay Gambling Events
The Paraguay Republic gained independence in 1811. However, as authoritarian governments ruled for a century after independence, Paraguay suffered many problems.
Worse, the Paraguay War, which lasted from 1864 to 1870, make more than 50% of the total population injured and killed. In addition, 25% of Paraguay's land area is owned by Argentina and Brazil.
It was not until 1993, when the first series of democratic elections were held, that Paraguay gradually became brighter. In 1994, the Mercosur trading bloc was established with the cooperation of Argentina, Brazil, and Uruguay.
Paraguay's economy and society gradually developed in 1997, so Law No. 1016 was issued and passed. ComisiÓn Nacional de Juegos de Azar (CONAJZAR) was established as the governing body related to all gambling activities and facilities in this South American country.
Most gambling activities and establishments are particularly popular in Paraguay, in particular the provinces of San Pedro, AsunciÓn, Caaguazú, Central, Cordillera, Itapúa, and Alto Paraná. These are places that are considered to be quiet but equally attractive and attract Paraguayan people and tourists to gamble.
There were 80 Taiwan workers detained for organizing illegal online gambling in Paraguay in 2015. The same year, the director of the Paraguay Department of Charity and Social Welfare said the establishment was planning the adjustment of online gambling and casino rules in 2016. However, there is still no movement to this day.
Payment Methods in Paraguay Casinos
Paraguay's official currency is the Guarani and it is accepted on most online casinos. For trading gateways at betting organizations on the website, players in Paraguay will be given many options to deposit or withdraw money. In which, VISA and Mastercard are the most used forms.
In addition, e-wallets like Neteller and Skrill are also available at most Paraguay online casinos because they are highly secure, and transactions are processed quickly. Finally, there are prepaid cards like EntroPay. Don't forget to check the rules for each method before making your final selection as each Paraguay online casino will offer different terms and conditions for each payment gateway.
