In a significant move for the online gambling industry, SkillOnNet has recently been granted a new licence to operate in Peru by the Ministry of Foreign Commerce and Tourism (MINCETUR). This development not only marks SkillOnNet’s entry into a newly regulated market but also highlights its ongoing expansion strategy across various jurisdictions.
Overview of the Licence
SkillOnNet, a prominent player in the online casino industry, has secured a new licence to operate in Peru, granted by MINCETUR. This licence will enable SkillOnNet to offer its extensive portfolio of casino games through its flagship brand, PlayUZU.pe. The platform will feature localised Spanish language software, catering specifically to Peruvian players.
Regulatory Changes in Peru
Peru’s online gambling sector has been active for several years, but it lacked a formal legal framework until August 2022. At that time, Peruvian legislators introduced a comprehensive regulatory framework for gambling activities, which took effect in February 2024. This new legislation provided a 30-day window for licence applications, during which SkillOnNet successfully applied for and obtained its licence.
Previous Market Entries
SkillOnNet has been actively expanding its global footprint. The company has recently launched operations in the newly regulated markets of Mexico and Buenos Aires City. These expansions are part of SkillOnNet’s broader strategy to enter and establish a presence in emerging markets worldwide.
Growth in Ontario
In addition to its activities in Peru, SkillOnNet has been making significant strides in Ontario. In July 2024, the company expanded its casino game library in Ontario by integrating content from the UK-based 1X2 Network. This expansion allows Ontario players to access a diverse range of games from Iron Dog Studio, Prospect Gaming, 1X2gaming, and more through SkillOnNet’s Ontario brands such as PlayOjo and SlotsMagic.
Partnership with 1X2 Network
The addition of titles like Arriba Heat, Mr. Porky Banker, and Prospector Wilds to SkillOnNet’s portfolio is part of its existing partnership with the 1X2 Network. This strategic alliance enhances SkillOnNet’s offering by including popular and innovative games that appeal to a broad audience.
Integration of IGT PlayDigital Content
In June 2024, SkillOnNet further bolstered its game library in Ontario by incorporating content from IGT PlayDigital. New additions such as Cleopatra Legacy and Double Gold are now available on SkillOnNet’s Ontario platforms. This move aligns with SkillOnNet’s strategy to provide a diverse and high-quality gaming experience to its players.
Global Content Deal with Spinomenal
In May 2024, SkillOnNet secured a global content deal with Spinomenal. This partnership has introduced exciting new titles like Queen of Ice and Baba Yaga Tales to SkillOnNet’s online casino brands. The integration of Spinomenal’s content reflects SkillOnNet’s commitment to offering a rich and varied gaming experience across its platforms.
Impact on SkillOnNet’s Growth
The new licence in Peru and recent content expansions signify a robust growth trajectory for SkillOnNet. These developments enhance the company’s ability to attract and engage players in diverse markets. By strategically partnering with leading content providers and entering new regulatory environments, SkillOnNet is well-positioned to continue its expansion and strengthen its market presence.
Broader Industry Trends
The regulatory changes in Peru and SkillOnNet’s expansion activities are indicative of broader trends in the online gambling industry. As more countries introduce formal regulatory frameworks, companies like SkillOnNet are navigating new opportunities and challenges. The integration of high-quality game content and strategic partnerships will likely play a crucial role in shaping the future of the industry.
SkillOnNet’s recent achievements, including the new licence in Peru and strategic content expansions, highlight the company’s dynamic approach to global growth. As the online gambling industry continues to evolve, SkillOnNet’s efforts to enhance its game offerings and enter new markets position it as a key player in the sector. The company’s ongoing expansion and strategic initiatives will undoubtedly influence the industry’s future landscape.