However, following a couple of amendments to the legislation, iGaming is now open for business in both the Province of Buenos Aires and the Autonomous City of Buenos Aires.
The legislation requires that all online operators partnerships must include a local business/operator. So far the list of approved partnerships is as follows:
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Online Gambling Now Live in Buenos Aires
- Bet365 partnered with Bingo Berazategui Online Gambling Now Live in Buenos Aires Online Gambling Now Live in Buenos Aires Online Gambling Now Live in Buenos Aires
- Intralot partnered with BetWarrior (Binbaires)
There are currently 12 other provinces in Argentina with online gambling legislation but it’s the Buenos Aires market that has brought the major international player to the table.
According to the legislation, each Licensee paid $5.5 million (US$56,700/€50,200) to make an application and then a further $65 million (US$670,000/€593,190) as a single fixed charge. In addition, once they start operating, the licensees must pay a 10% fee to operate and tax on Gross Income set at 15%.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.