As ‘IPLyC’, the gambling regulatory authority for the province of Buenos Aires, ends its year-long online gambling licencing process, 2021 has kicked off with powerful LatAm developments.
On 31 December, the publication of BA’s executive gazette announced the seven ‘business partnerships’ that have been approved to shape online gambling projects serving the province of Buenos Aires, the most populous state in Argentina.
The launch of the online gambling regime developed by Buenos Aires will be composed of the following foreign and domestic partnerships:
- ArgenBingo BA and William Hill
- Pasteko SA and Hillside Media Malta (bet365)
- Hotel Casino Tandil and Playtech Plc
- Boldt SA and Cassava Enterprises Gibraltar (888 Holdings)
- Atlántica de Juegos y Stars Interactive Limited (Flutter Plc)
- Binbaires SA and Intralot SA
- Casino de Victoria and Betsson Group.
The IPLyC announced that it had received 14 venture applications to join its BA regime, with the Spanish operators Luckia (Grupo EGASA), Codere SA and LatAm betting party BetCris earning notable rejections.
The IPLyC, headed by new President Omar Galdurralde, intends to officially launch its online gambling regime ahead of the LOTBA lottery regulator, which last September approved its BA City licencing scheme.
Last-minute changes accepted by Galdurralde stated that business ventures have current enforcement guarantees to receive licences for just 10 days from 31 December.
In addition, each venture must promise a down payment of ARG Pesos 65 million (EUR 650,000) in order to obtain its BA licences under the administration of the IPLyC.
Budget resolutions signed last November by Argentina’s Treasury specified that regulatory authorities would ensure that 5 percent of turnover is taxed on online gambling services.
Argentine news outlet La Naccion claims that new BA Governor Axel Kicillof will interfere in the start of the regime, despite IPLyC finalising its licencing orders. The administration of Kicillof is said to be unhappy with the responsibilities of online gambling laws and ‘welfare fund’ established by the previous governor, María Eugenia Vidal.