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Compliance Updates

Buenos Aires legalises online gambling

Published

6 years ago

on


Buenos Aires to legalise online gambling
Reading Time: < 1 minute

 

The provincial government of Buenos Aires has approved a decree that would allow the province to legalise online gaming and betting services.

The new bill authorizes the provision of online slots and other casino games, lotteries, betting on virtual sports, betting on horse races, as well as sports betting and betting on non-sporting events.

The legalisation and introduction of rules concerning the practice falls under the purview of the provincial governments. The regulation of online gambling in Buenos Aires is hoped to pave the way for the introduction of regulated betting and gaming services in other provinces, too.

The Buenos Aires Provincial Institute of Lottery and Casinos will grant licenses to interested operators. Under Decree 181, up to seven online gambling licenses will be issued and a single operator will be allowed to hold only one license. Approved gambling operators will have to pay a 25% tax on their revenue from the province.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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