CAOLAB Asks For Help With Economic Impact Of COVID-19

The Chamber of Official Lottery Agents in Buenos Aires (CAOLAB) has asked the Argentine Provincial Institute of Lottery and Casinos (IPLyC) to find a solution to the economic impact arising from the decision to abandon activities due to the spread of COVID-19 within the region.

The President of CAOLAB, Marcelo Iglesias, sent a letter to the new IPLyC authority Omar Galdurralde, requesting help both during and after quarantine period.

He said: “The agencies shut down their operations in accordance with government regulations. But they will perceive a drop in game sales.”

The president clarified that this is a troubling situation for lottery agents and claimed that while rentals will be frozen, due to a lack of revenue, they will not be able to afford them. However, he stressed that salaries are a priority, and that financial commitments are also at risk.

“This is the reality for more than 10.000 families,” he added.

CAOLAB has now called on the IPLyC to create a relief plan so that commitments can be fulfilled: “We must find new strategies and we will need payment flexibility to guarantee salaries while the quarantine lasts. The agency owners request that the IPLyC considers a joint and shared effort to ensure that this period has a moderate effect.”

The chamber asked the IPLyC to change the March billing period to a rate of 1.61 and to recalculate the amount they sent to the commission.  “Our requests come from the fact that activity in March was limited,” Iglesias explained.

The lottery agents have requested that the IPLyC allows them to collect winnings the first week after the quarantine period ends and use that money to self-finance their operations. Iglesias also suggested, among other steps, that tax collection authorities suspend the Gross Income Tax for at least 60 days.

“We know how this industry works, and it would be beneficial for everyone if we could help define what the best option is. There are challenges ahead and we’ll need the help of the government to keep payments up to date. If a business can’t run operations, it cannot pay,” he concluded.