Buenos Aires casino makes push for online sports betting

[The Buzz]

Casino de Puerto Madero, based in Argentina’s capital city, Buenos Aires, is requesting licenses to operate online sports betting platforms, according to a report by Legal Sports Betting.

Back in April 2019, Governor Maria Eugenia Vidal has signed an official decree making online gambling legal in Buenos Aires. In February 2020, regulations were approved in Buenos Aires to establish the criteria for obtaining licenses for online betting.

Now, lawmakers in the city would like to approve online and mobile sportsbooks with some stipulations set in place.

From the article:

Due to the outbreak of the Coronavirus pandemic, the industry has not seen the revenue that was expected with land-based establishments and sports in general both shutting down to prevent the continued spread of COVID-19 the last five months.

Buenos Aires is in need of alternate sources of funding from revenue markets and approving internet sportsbooks could help with that.
It is estimated that the city could see $6.8 million annually in revenue by allowing mobile Argentina sports wagering platforms to
exist.

A structure for the online industry has been proposed which would use current regulations as far as licensing is concerned. An initial fee of $30k is needed upfront for the application process.

There are six casinos in Buenos Aires currently in the process of receiving approval for sportsbooks at their facilities.

Casino de Puerto Madero already has theirs and would be the first to offer online sports betting should the government approve the new outlet. Each of the six other casinos would likely follow with trying to obtain mobile sportsbooks in the future.

Read more here: https://www.legalsportsbetting.com/n...-aires-casino/

[ocreditor]

Thanks for sharing this, it's great to see that Argentina is following the regulation trend for online betting, hopefully it'll be done for casino gambling as well.

[Raúl Jimenez]

Friends, who knows the most popular online casinos in Argentina? Tell me if you have information. thank

[ocreditor]

Friends, who knows the most popular online casinos in Argentina? Tell me if you have information. thank

I recommend Netbet.com casino

[Cash Bonus]

I really hope that this will come to pass because this industry is already putting up with so much and has gone through a lot lately.

[Casino Gamerz]

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