Insight
LATAM ONLINE Argentina
Argentina
In Argentina online gaming has been permitted since 2006, but only on a province- to-province basis and there is no national law in place that regulates online gaming. Nor is it likely that a nationwide policy will be enacted anytime soon. Instead, provinces will continue to decide on the future of online gambling in each jurisdiction. At present, seven Argentine provinces are looking at new regulations, while Chaco, Misiones, San Luis, Tucumán, Neuquén, Río Negro, Entre Ríos and the province of Buenos Aires currently allow online gaming
Te governments of Misiones, San Luis and Tucumán run their own online gambling sites (MisionBet, Jugadón and Pálpitos24). Meanwhile Neuquén and Río Negro allow their land based casinos to run online casinos Magic and Del Río). Meanwhile, online gambling is limited in Entre Ríos as the province only allows online gambling via an online version of quiniela. In addition, almost all government sanctioned sites only offer online casino and not sports betting. Te only exception is Pálpitos, in the province of Tucuman, which offers a wide variety of sports betting options from all over the world and allows betting on domestic football matches as well.
Generally speaking, private operators trying to offer their services have not met with much success. For example, in Formosa, Formoapuesta went online in March 2006. Initially a joint venture between Argentine investors and UK-listed company BetonSports, Formoapuestas obtained the licence in the province of Formosa through a government agency called the Institute for Social Assistance in
In 2018, in the province Buenos Aires, prosecutors secured a three-year prison sentence for the person responsible for the organisation and running of the online betting websites
Miljugadas.com,
Miljugadas2.com and
Miljugadas55.com. In addition, the government of the province has obtained more than 130 court orders to block illegal sports betting sites. It has also achieved the blocking of credit cards, virtual wallets and bank accounts.
Formosa (IAS). However the IAS revoked its licence shortly afterwards.
Provinces in the future will probably opt to run online gaming services themselves via provincial lotteries or via a third-party.
CONTROVERSY CONTINUES Online gaming continues to be a
controversial issue. In 2017, the Buenos Aires prosecutor’s office ordered that the online gambling site in Misiones be closed, arguing that it operated in contravention of local gaming laws. Authorities had requested the closure after a bet had reportedly been made via the site within the city limits of Buenos Aires, whereby a total of $460m pesos was embargoed in the bank accounts belonging to those responsible for the site.
In December 2017, a court in Buenos Aires unblocked the website as experts were able to prove that the site blocked bets made outside of the province and was able to locate precisely where in the country, or in the world, the bet was being made and block it when appropriate. Specifically, the judge also found that there were
P150 NEWSWIRE / INTERACTIVE / MARKET DATA
sufficient player identification measures in place to identify that the player was not making bets from within the city limits of Buenos Aires. Te site is now open, but may only be accessed via computers located in the province.
In addition, local authorities have been cracking down on online operators operating without a licence. In 2018, in the province Buenos Aires, prosecutors secured a three-year prison sentence for the person responsible for the organisation and running of the online betting websites
Miljugadas.com,
Miljugadas2.com and
Miljugadas55.com. In addition, the government of the province has obtained more than 130 court orders to block illegal sports betting sites. It has also achieved the blocking of credit cards, virtual wallets and bank accounts.
BUENOS AIRES Significant process is being made in
the province of Buenos Aires and the capital with online gambling scheduled go live in both soon.
Te government has historically been opposed to opening up the online gaming industry but needs to raise additional income in the face of another economic crisis. Argentina’s currency crisis is getting worse despite action by policymakers and a $50bn financial package from the International Monetary Fund (IMF). Te peso has devaluated over 100 per cent over the last year and in November Argentina’s Senate approved an austerity budget that slashed social spending and raised
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182 |
Page 183 |
Page 184 |
Page 185 |
Page 186 |
Page 187 |
Page 188 |
Page 189 |
Page 190 |
Page 191 |
Page 192 |
Page 193 |
Page 194 |
Page 195 |
Page 196 |
Page 197 |
Page 198 |
Page 199 |
Page 200 |
Page 201 |
Page 202 |
Page 203 |
Page 204 |
Page 205 |
Page 206 |
Page 207 |
Page 208 |
Page 209 |
Page 210 |
Page 211 |
Page 212 |
Page 213 |
Page 214 |
Page 215 |
Page 216 |
Page 217 |
Page 218 |
Page 219 |
Page 220 |
Page 221 |
Page 222 |
Page 223 |
Page 224 |
Page 225 |
Page 226 |
Page 227 |
Page 228 |
Page 229 |
Page 230
