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Buenos Aires to license and regulate online gambling

Niji Ng

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Buenos Aires to license and regulate online gambling
Photo Source: thetrentonline.com
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Buenos Aires, Argentina’s capital and its largest province, has proposed a new budget bill that would license and regulate online gambling in the province. Gov. María Eugenia Vidal tabled the new Budget Bill 2019 for discussion and approval of legislators, in a move to have a greater control over online gambling in the region. Notably, this is the first time that the province is stepping into control online gambling.

Many of the online gambling details have yet to be hammered out, but the broad strokes aim for licensing up to seven online operators, who would be overseen by the local Instituto Provincial de Lotería y Casinos. Licenses would be valid for a maximum 15-year term and online gambling revenue would be taxed at a rate of 15 per cent, plus an administrative payment to the regulator of no less than 2 per cent of revenue.

Operators would not be allowed to offer players credit and all other forms of payment will apparently have to be routed through the Bank of the City of Buenos Aires, a publicly owned institution. That squares with Vidal’s previous statement that the idea behind the online licensing scheme was to “regulate who plays, how they do it, everything is banked.”

Once the bill is approved, only licensed companies will be allowed to offer online gambling facilities. The activities and advertisement of the non-licenses operators will be banned.

The licensing regime is expected to come into force from 1 January 2019.

Niji 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. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Latest News

Week 3 slot games releases

George Miller

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Week 2/2019 slot games releases
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Check out this week’s latest slot game releases

 

RTG (Realtime Gaming), has launched a new slot game based on the life and times of an ancient Chinese empress called: Wu Zetian. Travel back to the days of China’s Tang Dynasty and meet Empress Wu Zetian in this historical slot game from RTG Asia. From January 2019, the Wu Zetian slot shall be playable on desktop and mobile devices across participating RTG Asia casinos.

RTG- Wu Zetian slot

 

iSoftBet, surprised us with the release of Jumbo Stampede to the wider market following a successful exclusivity period with multi-brand operator GVC. Jumbo Stampede, a 4×6 slot featuring 4096 pay ways set on the African plains, is the latest addition to the top-performing iSoftBet portfolio and is certified for all regulated markets including the UK, Belgium, Portugal, Estonia, etc.

iSoftBet unleashes Jumbo Stampede slot

 

True Flip Revealed their Crypto-Themed slot: Mining Factory With Plasmatron Bonus. Mining Factory is a highly volatile, 3×5 video slot with 27 paylines, Expanding Wilds, Free Spins and an accumulative Plasmatron Bonus. RTP is 96.1%, the Max win is 16,200x coin value. Featuring state of the art visuals, Mining Factory has a responsive design based on HTML5 and handles comfortably across a wide range of devices.

True Flip's Crypto-Themed Mining Factory slot

 

Blueprint Gaming is leading players into battle to compete for riches in its highly-charged new release Rome: Rise of an Empire. The 5×3 reel slot sees players take the role of a Roman Gladiator as they attempt to fight their way to greatness in front of a packed-out Colosseum

Blueprint Gaming- Rome: Rise of an Empire slot

 

Innovative slots and casino content supplier Kalamba Games invites players to a dystopian world where man meets machine with the release of its latest slot title: Machina. This new slot introduces a futuristic cityscape of cyborgs and robots full of exciting free-spins and bonus jackpots on a dynamic reel.

 Kalamba Games - Machina slot

 

Pragmatic Play, has expanded its portfolio with the launch of its new western-themed video slot Mustang Gold. The 3×5 reel, 25 payline slot is set in the Wild West and features traditional slot symbols, as well as cowboys, cowgirls and majestic horses that fill the reels, accompanied by golden winning symbols, such as horseshoes.

Pragmatic Play - Mustang Gold video slot

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Gambling in the USA

Caesars becomes the official casino for the NFL

Niji Ng

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Caesars becomes the official casino for the NFL
Photo Source: f1reader.com
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Caesars Entertainment signed on as the official casino for the National Football League (NFL). But the deal has some significant shortcomings, so its value is much less than the rest of the jewels snagged by MGM Resorts , which has partnered with professional baseball, basketball, and hockey.

The deal between Caesars and the NFL gives it some opportunities, but because the football league cannot get past its opposition to sports gambling generally, it diminishes the potential.

Starting with the 2019 NFL playoffs, Caesars will have the right to use NFL trademarks, like the logo and the words “Super Bowl,” to promote its casinos and properties here and abroad to create “unique experiences” for fans.

The agreement only names Caesar’s the league’s official casino and specifically excludes sports betting, daily fantasy football leagues, and non-casino hotels and resorts. As a result, Caesar’s cannot use NFL trademarks to promote its sportsbooks. Since sports betting — and arguably fantasy football, too — are where the real potential is, Caesars is basically just getting the chance to advertise its casinos at games and related events.

Caesars’ deal is much less than what MGM Resorts has secured through its agreements with the other sports leagues. They allow MGM to use official league branding with both its casinos and its digital sports-betting operations.

 

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Industry News

Rank Group appoints Tang Hong Cheong as non-executive director

Niji Ng

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Rank Group appoints Tang Hong Cheong as non-executive director
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The Malaysian executive, Tang Hong Cheong has been appointed as a non-executive director at UK gambling operator Rank Group Plc.

He served as President and CEO of Asian firm Guoco Group since 2016. Tang Hong Cheong has also worked as Chief Executive of Malaysian investment conglomerate Hong Leong Group. His expertise as a C-level executive includes corporate financing, risk management, transformation projects and strategic planning.

“I am pleased to welcome Hong Cheong to the Rank board. Hong Cheong has been working with the management of Rank since 2010 and has a broad understanding of the operational, financial and business aspects of the Company,” Rank Group Plc chairman Ian Burke said. He added: “With Hong Cheong joining the board, he will be able to further enhance the communication between Rank and its major shareholder and, with his extensive commercial experience, be able to bring valuable contributions to the Rank board.”

 

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