Companies had to present themselves in groups, one international together with one local company. In all 14 applications were made. Luckia (Grupo EGASA), Codere SA and BetCris were amongst the rejected applicants.


protectionist moves which shifted power away from the private sector and put it squarely in the hands of the state (there was even speculation at one point that she was planning on putting casinos under state control during her terms of office).


Kicillof had previously served as minister of the economy under Kirchner. During the 2019 campaign, Kicillof predictably distanced himself from the online gambling initiative and the issue of gambling altogether. However, he ultimately approved Vidal’s online gaming law (albeit as discreetly as possible) and granted


licences to seven companies to operate online gambling with the news published in the Provincial Official Gazette on the last day of 2020.


Kicillof, like Vidal, might be opposed to gambling on principal but the fact is that just like his predecessor he needs to raise money. Indeed, the province’s finances have inevitably worsened and it has been in default for nearly a year after it missed a $150m bond payment in May 2020. Although it is a small amount compared to billions owed to its creditors, it is estimated that the newly regulated industry


will generate around $90m for the province and $60m for the provincial lottery which in turn is a major source of funding for a number of state funded social welfare programmes.


LICENCES GRANTED


Companies had to present themselves in groups, one international together with one local company. In all 14 applications were made. Luckia (Grupo EGASA), Codere SA and BetCris were amongst the rejected applicants. Te partnerships require that the local operator hold a minimum 15 per cent stake in the


NEWSWIRE / INTERACTIVE / MARKET DATA P101


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