Buenos Aires Prepares To Launch Regulated Internet Gambling

Preparations for the launch of regulated online gambling in the Argentine province of Buenos Aires are nearly complete after local gambling regulator Instituto Provincial Lotería y Casinos (IPLyC) revealed the names of seven preferred bidders for iGaming licenses and digital betting.

IPLyC reportedly said late last year that it had received 14 license applications from partnerships formed between local gambling operators and international gambling companies. The seven approved businesses are ArgenBingo BA and William Hill, which recently bought a Colombian company to expand in this market, also Pasteko SA and bet365, Hotel Casino Tandil and Playtech, Boldt SA and 888, Atlántica de Juegos and Flutter, Binbaires SA and Intralot. as well as Casino de Victoria and Betsson.

Notable candidates who did not receive regulatory approvals to operate in the province included Spanish operators Luckia and Codere, as well as Latin America betting operator BetCris.

The legalization process for digital gambling in the Argentine province began in late 2018 when Buenos Aires legislators approved Decree No. 181 . This measure included the introduction of rules and regulations to allow interested companies to apply for and obtain licenses from IPLyC and operate in a regulated environment. However, plans to legalize online gambling in the largest and most populous province of Argentina were delayed in August 2019 due to major upheavals and changes in the political scene in Buenos Aires.

Important progress was made late last year when IPLyC revealed the names of approved candidates for iGaming and digital betting licenses. IPLyC can issue up to seven online gambling licenses in accordance with Decree No. 181. The regulator is also tasked with ensuring that license holders and their operations are taxed at 5% of turnover.

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