In Argentina and the government for the giant city of Buenos Aires has reportedly passed legislation that will allow local land-based bingo, slot and casino operators to launch compatriot online services.
According to a report from the news domain at G3Newswire, the measure is to permit local firms currently involved in running ‘physical’ gambling properties within the conurbation of over 15 million people to apply for five-year iGaming licenses under the supervision of the Ministry of Finance. The source detailed that such online casino operations will not be required to pay any fees but are to be obliged to hand over 6% of their gross profits as well as between 10% and 20% of their revenues in tax.
The legislation also reportedly mandates that only individuals holding a ‘clean record’ may be involved in iGaming with operators being compelled to provide punters with complete and accurate information relating to such issues as game types and rules as well as the probability of winning a prize. To assuage the fears of those worried about the possible proliferation of gambling addictions and the new regime is to moreover purportedly compel licensed firms to establish systems that will allow players to easily access their gaming histories and receive ‘clear information’ about their behaviors.
The 60-seat Buenos Aires Legislature is currently controlled by a coalition under the guidance of the center-right Republican Proposal political party and reportedly brought in another regulation that is to prohibit pawnshops and cash machines from being located within a 650-feet radius of any land-based gaming venue.
Local legislator Claudia Neira reportedly told G3Newswire that legalized online gambling is destined to be ‘a great source of income for the city’ and must have any consequent downsides treated as a health issue. Compatriot Mercedes De Las Casas purportedly seemed to agree by calling the move ‘a great step to ensure that gambling is responsible’ despite fears that ‘there is still a lot to continue working on.’