This story was published more than 4 years ago.
Last week lawmakers in Buenos Aires authorized online gambling, allowing the activity to be offered in the Argentinian province.
The move comes after the province approved of Decree 181 last year, and was fully authorized and put into effect last week. Punters will now have the opportunity to play slots, table games, virtual sports, sportsbetting, and lotteries all from the luxury of their own home. Operators will have to pay an application fee and pay 25% of revenues generated in the province.
The regulation makes Buenos Aires the first province in Argentina to give online betting the go-ahead. The activity has been popular in the country, but widely left un-checked, as offshore operators target punters in the country. It's unknown if things will be clamped down on moving forward with these developments, but the South American country certainly has a foothold in the regulated market.
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Comments
Didn't know Argentina is compound of a self-government provinces who could decide for themselves of course just like the US states principle of administration.
A 25% of the revenues will be quite healthy taxes for the local economic I guess but I don't think the operators would be too happy about this fact...seems to be too much that number.
Lambino
You right does sound a bit high but I think overall this is a good thing for Argentina's Economy especially when compared to their surrounding neighbors , I wish South Africa would implement something like this I think it would benefit us a great deal
sharpe
But don't you think that could have a negative effect over players in the end..?
I mean a higher taxes that the casinos have to pay could mean they could set up the games to be more tight in terms of paying...that's my worries generally...not particularly in Argentina or South Africa but anywhere...
But of course I agree that it won't harm the local economics if they collect a higher taxes.
Lambino
You raise a very valid point and with greed being what it is I guess it very possible of that happening
sharpe
Yeah..that's my concerns mate, on their side the casinos could use another fancy term instead of greed 😉 but I'm afraid they usually finding a way to stick with the levels of their profits despite the tax variety in the different regions/countries.