In 2007 Peru took steps to legislate against and regulate its illegal gambling industry. As a result it has received 700 new licence applications from gaming operators. However, until this date only 280 new venues have been authorised. Casinos and slot machine operators obtained gaming revenues of US$304m in 2007 and are expecting  to reach US$455m for 2008. With 2 million tourists expected to visit Peru this year, international operators are already assessing new business opportunities in this jurisdiction.