After a thorough public bid process, the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) has chosen Gaming Laboratories International (GLI) to provide consulting and advisory services to the Puerto Rico Gaming Commission.
Under the agreement, GLI will assist the Commission in drafting regulations governing operations. GLI will also provide consulting services and training to the Commission regarding sports betting, fantasy sports, and Esports. Further, the company will develop procedures applicable to the Commission’s operations.
“The AAFAF team is pleased with the selection of GLI, which will help the Government of Puerto Rico develop cutting-edge regulations to swiftly implement the provisions of Act 81-2019 relative to identifying the eventual components of the different industries, while simultaneously allowing citizens to participate in these activities within a legal frame,” AAFAF Executive Director Omar J. Marrero Díaz said.
The Executive Director of the Gaming Commission, Jose A. Maymo Azize said: “During the past months, the Gaming Commission of the Government of Puerto Rico has taken several steps to develop its operational structure. As part of that effort, we teamed with AAFAF in the process of selecting GLI to advise us in the process of drafting the regulations on the several betting activities under our jurisdiction. This is a key element in expanding the establishment of this economic sector. Once the regulations are approved, the action plan consists of starting the licensing processes for the providers and for operators, which involve evaluating not only the legal, financial and technical requirements established in the regulations, but also compliance with responsible gaming and money laundering prevention protocols.”
“We are thankful to the AAFAF for choosing GLI, and we are honored to be part of this step forward for the Puerto Rican gaming industry as it advances to this new and exciting chapter in its history,” said GLI President/CEO James Maida. “At GLI, we are keenly focused on helping regulators, operators, and suppliers navigate the future of gaming, which will include new technologies surrounding sports betting, fantasy sports, and Esports, as the AAFAF and the Commission are considering. We are pleased to be the AAFAF’s and the Commission’s trusted advisor and to be able to provide our knowledge, assurance, and expertise to help them on this new path forward.”
“The GLI team is grateful to be part of this historic milestone for the Puerto Rico gaming industry, and we are excited to work with AAFAF and the Gaming Commission in the establishment of the regulatory framework that will allow for the creation of more revenue for the government and more opportunities to maintain a sustainable and responsible industry. Puerto Rico has been a pioneer and role model in land-based gaming regulation, and we envision the same for this new industry,” said GLI’s Director of Latin America and Caribbean Government Relations and Business Development, Karen Sierra-Hughes.