Argentina Market Report
slots and 74 gaming tables. Tere are also 13 Codere owned large scale slot halls and bingo halls in Greater Buenos Aires. Te Nocochea Casino recently reopened after being closed down by IPLyC due to abandonment and neglect. Te governor Kicillof aims to restore the complex fully.
PROVINCE CORDOBA Te province of Cordoba is located in the heart of the country and is part of the economic and political association known as the Centre Region. It is the second most populous province with 3.9 inhabitants and fifth by size. More than 40 per cent reside in the capital city Cordoba. Te province received a special decree (Law no. 10,973/21) legalising online gambling mostly due to revenue losses during the pandemic and opened its tender process in mid 2022. It is regulated by the Loteria de Cordoba SE which was created under the Central Bank of Argentina in 1998 following the 1994 financial crisis. In 2023 lottery sales reached A$39bn and revenues of A$9.1bn. Quiniela is the biggest contributor followed by Loteria, Toto Bingo, Poceada and Instants. In the province there are nine casinos and 18 gaming halls.
Te online gambling criteria includes:
10 licences maximum issued with possibly to increase to 20. u Licences are granted for 15 years not renewable.
u u
Operators must be partnered with a local business and hold a minimum of 15 per cent stake in the venture.
u
Online gambling operators are subject to 10 per cent tax on GGR.
Cordoba called for a tender for 10 operating licences with
regulation allowing for an additional 10 licences. Ten were submitted and only eight approved. However in early 2024 only four operators went live whilst four pulled out due to high licensing costs. Online gambling began with a 45-day demo period between November 21 and January 4 2024 to raise aware- ness about safe gambling whilst officially online gambling began on January 5th. Te four operators are: Betsson which is operating with partner Casino de Victoria; PlayCet is made up of local slot operator CET (Concesionairia de Entretenimiento y Turismo) with sports betting operator Daruma Sam from Paraguay; B- Play is made up of SG Digital and Boldt and finally online casino brand Jugadon is operated by a group which operates gaming halls, racetracks and slot in San Luis province.
146
In Buenos Aires province there are 4,350 lottery agencies, 45 bingo halls across 32 districts, 12 casinos and five racetracks. Te casinos are state owned and located in tourist destinations so mostly along the Atlantic coast. Te first casino, Casino de Tigre, opened in 1993 whilst the largest is the Trilenium with 1,800 slots and 74 gaming tables. Tere are also 13 Codere owned large scale slot halls and bingo halls in Greater Buenos Aires.
Cordoba has recorded revenues of around A$25m (US$30,000)
per day during the first week of online gaming. Te authority anticipates online gambling could bring in A$9bn (US$10.5m) annually. Tere has been some resistance from the local Catholic church against the bill and repeated attempts to block online gambling in the capital. Tere are no landbased casinos in the city which has been refusing gambling within its borders for 20 years. A bill has since been presented to prohibit online gambling advertising and sponsorships in the province.
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
