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Argentina Land-Based Casinos Approved to Perform Activities Online

Posted on September 30, 2020 | 7:11 am

Argentina has just approved land-based operators in Buenos Aries to conduct online gambling activities. Included are slots, bingo halls and casino properties.

According to the decision of the Buenos Aires Legislature, operators don’t need to pay additional fees for the commencement, but they will be required to provide a contribution between 10-20% of each bet as well as 6% of the gross revenue. The license is valid for five years and the Ministry of Finance will supervise the casino operators and overall gambling industry.

It is also stated that only customers with a clean record will have access to online gambling and lottery options.

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More Details

Following the official approval by the Argentinian Authority, online operators are obliged to provide users with accurate information considering the rules of the games, betting probability, potential prizes, and other important data. Each gambler should have a profile, which includes behavior information and previous bets.

Under the terms of another law, operators of ATMs, pawnshops, and machines for money vending can only operate within 200 meters from the betting halls.

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From the Media

Speaking on the new rule. Mercedes De Las Casas at Vamos Juntos (VJ) said:

“This is the first law on a complex and painful issue such as gambling. We are creating a framework of controlled play. When gambling is not responsible it turns into hurt and pain. It is a compulsive disorder that affects those who suffer from it and their family and environment, it is a silent disease and difficult for families to detect. This law is a great step to ensure that gambling is responsible. There is still a lot to continue working on, but starting by restricting and sanctioning is a good way to start.”

Peronist Claudia Neira at Fdt noted:

“It is logical to want to regulate online gaming as it exists and is installed in the world. It is also important that gambling is controlled and prevented. When we talk about gambling, we are talking about health, so we have to face it from that side. This is a great source of income for the City but we know very well that it is an activity that brings many problems to the locals.”

Hernán Reyes added:

“Allowing online gambling is a difficult and complex decision, but it has already been made a few years ago. This is going to bring changes, we are going to have to measure the impact on society and new technologies.”

Source: . g3newswire. September 28, 2020.

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