Seven online licenses in Buenos Aires
The Provincial Institute of Lotteries and Casinos de Buenos Aires grants seven licenses to operators online: Betsson, William Hill, 888, Intralot, Playtech, Bet365, Flutter Entertainment and PokerStars.
Delivered 7 Online Game Licenses in Buenos Aires
The last day of last year, the provincial regulatory authority announced the granting of licenses to seven international operators, through its national partners. The information has been published in the Provincial Official Bulletin, based on Law 15.079. The dealers are:
- Argenbingo (Nazareno Lacquanti, Bingo Moreno) - British Group William Hill
- Pasteko (Gustavo Ranucci, Bingo Berazategui) - Hillside, New Media Malta (Bet365)
- Hotel Casino Tandill – Playtech (Dynamo Tyche)
- Boldt (Antonio Tabanelli) – 888 Holdings (Cassava Enterprises)
- Atlantic Games (Daniel Angelici) - Canadian Group PokerStars (Stars Interactive Limited)
- Binbaires (Federico Achaval, Ricardo Benedict, Cristóbal López) - Intralot International
- Victoria Casino (Daniel Mautone) - Swedish Group Betsson
Given that licenses are only delivered to operators with a tax address in the province of Buenos Aires, the associations have been essential and to be valid they must have a participation of at least 25% by local members. In addition, among the requirements established by provincial regulations is the presentation of guarantees within 10 days after granting the license.
Conditions for obtaining online gaming licenses in Buenos Aires
The license application fee entails a single fixed payment of 65 million pesos for the formalization of granting. Annual maintenance is 100,000, and the application processing rate of 30,000.
Tax rates are 25% over the gross profit obtained by operators. A collection of 600 million dollars a year is expected, of which Buenos Aires would perceive 90 million for gross income and 60 by Canon.
The Administrative process for licensing It has been long. Since the creation of the legal framework for online gaming at the national level, which determined the provincial jurisdictions as a system, and the beginning of the tenders in Buenos Aires in June 2019, has taken practically a year.
These seven licenses were approved in January 2020, except in the case of Casino Victoria, who got his after the withdrawal of Bingo Pilar's request (Paddy Pader Betfair).
Currently the rest of the Argentine provinces are in an unequal situation regarding the regulation of the online game, while the country players remain accepted in most of them International online casinos.