A multibillion-dollar license for the exploitation of sports-betting is to be issued by Paraguay’s National Gaming Council of Paraguay (Conajzar), despite allegations of irregularities by one of the bidders, and despite the fact that the Comptroller General has recommended the process be suspended.
According to representatives YEM SA, which announced it will appeal to the Court of Accounts, the process seems rigged to benefit a ‘friendly’ firm. “There are vices that would nullify the bidding process and we, once the other instances are exhausted, are going to appeal to the Court of Accounts requesting the entire process be made null and void. There is an interest in monopolizing sports betting. There is a manifest interest in benefiting a particular bidder” said Julio Godoy, legal counsel for YEM SA.
Ten companies have been carrying out sports-related gambling operations under an ‘experimental’ program since 2014. With this process, this activity would be granted to one single firm, according to YEM’s lawyers.
Faced with suspicions that the tender may contain irregularities, the Comptroller General decided, on November 10, to do a documentary review of the entire process and recommended “the immediate suspension of the contracting process.”
In spite of the complaints and recommendation, CONAJZAR authorities proceeded with the opening of bidder’s envelopes last Wednesday, November 22nd.
Full Content: ABC News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Nvidia’s $700 Million Buyout of Run:ai Gets EU Approval, Deal Finalized
Jan 1, 2025 by
CPI
Taiwan FTC Halts Uber’s $950M Foodpanda Buyout Over Antitrust Fears
Jan 1, 2025 by
CPI
White House Pushes for Stronger Healthcare Data Security
Jan 1, 2025 by
CPI
Microsoft’s Cybersecurity Bundles Draw Antitrust Inquiry
Jan 1, 2025 by
CPI
UK Watchdog to Review IBM’s $6.4 Billion Acquisition of HashiCorp
Jan 1, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand