Puerto Rico seeking sports betting consultants

Government issues RFP for consultants to help craft a sports betting regulatory framework.

Puerto Rico.- The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) has issued a request for proposal (RFP) for consulting services as it looks to roll out regulations for the activity.

“We understand that there are different companies that can contribute the knowledge they have acquired in other jurisdictions and bring that knowledge to Puerto Rico, where we are facing the challenges of a new industry, which is quite complicated,” José Maymó Azize, executive director of the Gaming Commission, said. 

“It is not to write it, but to give us the recommendations and work hand in hand with the commission for the formulation of that regulation and of any other regulation that is required,” added.

There has already been great interest among operators looking to enter the Puerto Rico market, and the Department of Economic Development and Commerce Secretary Manuel A. Laboy Rivera explained what are they looking for:

“It is important to select a firm with the expertise required to guide us in the process of drafting the regulations of the Gaming Commission in order to develop, as soon as possible, a solid and comprehensive document.

“This economic sector represents a great opportunity for Puerto Rico. Projections indicate that the government of Puerto Rico could collect approximately $87 million from this activity within a five-year term.”