Buenos Aires may move forward with online gambling

[The Buzz]

A senate committee in Buenos Aires, Argentina has begun studying a budget bill for next year that will not only levy a 2% duty on slot machines, but also authorize seven companies "from all over the world" to operate online gambling within the province territory.

From a report in local newspaper, Perfil:

According to this means, the first step is to get the Provincial Congress to approve the Budget. Then there will be progress in the tenders to enable seven licenses that will include sports bets, turf, virtual casino and live events (for example, who will win a reality show).

Companies from all over the world may be presented, although there will be greater guarantees for those with national capitals. One of the unknowns is if the Argentine Football Association (AFA) can not claim rights.

According to officials: "What we are looking for is to have greater control, we will be able to regulate who plays, how they do it, everything is banked, it will be easy for the gambler to register if he is struggling not to play anymore, if you leave everything as it is, the State does not control , it does not collect and the business continues to grow in a situation of irregularity. Everybody advances with these regulations, we can not keep waiting,

"We are going to carry out transparent bids, we will not give anything to finger, there will be minute-by-minute controls and we will look for agreements with other provinces to eradicate the illegal pages," they added.

Read more here: https://www.perfil.com/noticias/poli...o-online.phtml

[matthewt]

The senate committee's report is boring! The report is still using big annoying words. It is not being seriously considered yet. When they're ready, the wording will be more colorful w/ 5th grade comprehension. Now, no-one is taking online gambling seriously.

[The Buzz]

A further update on this story:

The Buenos Aires Autonomous City’s legislature discussed Thursday the creation of a Social Development and Integration Fund (FIDES in Spanish), which will be financed by 2% of the total prizes awarded by slot machines.

The BA Province government will try to have the province's legislative body approve next Friday a proposed tax law and the 2019 budget bill. In sections 142 and 143, the proposed tax law would regulate “electronic, computer, telematic and interactive” games. Some province municipality leaders from the opposition have expressed their views against the executive’s proposal.

La Nación, one of Argentina’s most influential journals, revealed that both leaders are collectively working on an agreement to regulate online gambling in all of its modalities: slots, poker, sports betting and horse racing, among others.

https://www.yogonet.com/internationa...ing-regulation

[Nik0]

Put Miljugadas back you idiots! They've always wanted to work normally, pay taxes and everything... Not their fault that some are living 80 years back in time and still think beef export is more than enough for the prosperity of Argentina....

[Sherlock]

Most of Latin America countries will never make a progress ever. It will be just worse. The bigger the country, the worse it is.

The structure of 2 biggest - Argentina and Brazil, is based on corruption. If you want to make business normally here as you say, you have to do it in this way. Truly shithole countries. How should be taxes paid in a country where currency depreciates to 40% in 12 months?

[Nik0]

Argentina is the absolute rock-bottom, not mature enough even to be corrupted. 10 month ago they closed the local pool game Prode which was running for 40 years for no apparent reason. If corrupption was the case they would leave at least one local bookie either Spingol, Miljugadas or Misionbet that would gladly pay the bribe to stay but no... They are simply idiots and that's about everything not just the gambling business, can't be compared with any other South American country except Venezuela but the latter issues stand on a totally different ground. Peru, Chile, Colombia, Mexico etc. are light years ahead

[Sherlock]

In Brazil, it is the same. In South. The more you go towards Venezuela and towards ocean, the worse it is. I do not know how is Venezuela, because even in wild dreams I can not imagine it.

Paraguay is ok. Uruguay probably even better (never been there, but heard stories).

Chile is a separate continent. I had two shocks in Latin America. 1st when I saw how it works here. 2nd when I expected the same everywhere and then visited Chile.

[Nik0]

Uruguay is actually the top-notch, stable and safe one I didn't mention it as it is a relatively small country that can't do or hoping for much on its own except hosting expats and rich Argentinians for the holidays. And it is brilliant for digital nomads, enough to say incomes from abroad are tax-free making it the perfect place for us the affiliates

[Sherlock]

It is tax free just for 5 years in UY, they had to change the law, because of international pressure. Apart of that no country in Latin America actually cares what is made abroad. They are all focused on domestic markets.

Speaking about digital nomads, taxing is the last issue. People maybe sit by the computer and think: "Oh, I pay too many taxes, why not to go living elsewhere to 3rd world country." It is not that easy. Work on road in challenging. I just fired one digital nomad who worked for me for years. He went on motorbike from Europe to Georgia. Then to India. Then to South America, where his work collapsed. When the certain things become uncertainties, then the game is on.

[Nik0]

That's the catch, working with someone else. I started my Latam projects partnering with a guy from Chile who did a very good job in the beginning but his interest and commitment faded very fast although the returns were not bad at all considering the time spent (from his side 2-3 hours a week). Next followed a short spell with a guy from El Salvador, money down the drain. Now it is all up to me, had to learn a bit of the language but paid back to do it all on my own and now it's much better.

[Sherlock]

This problem is I am afraid international. There are people with drive and people without it. If the people from second group do not get a slap from life, they never make it to the 1st group. They even do not know about the 1st group.

In Europe the culture is much more hard working, but the society is just about comfort gained from past hard work.
In Latin America the culture is lazy, but society is fragile, so people depend much more on each other and that is positive.

When it is about online work, it is 1000 minus points for everyone, because most people from the 1st group, that can work hard, are not accommodated to lone and distracting online work.

I know really well just two people who kept working hard for years with inner drive. All my partnerships failed.

[Raúl Jimenez]

Finally. Great to hear it

[bonusapostasonline]

Looking forward to proper regulation in Argentina - there's definitely some potential in this market for us.

[bitcoincasino]

Argentina is long time market leader in LATAM, both in games and operators

[nyamorin]

Its nice to tax other country's company.

[mejorcasino.xyz]

A senate committee in Buenos Aires, Argentina has begun studying a budget bill for next year that will not only levy a 2% duty on slot machines, but also authorize seven companies "from all over the world" to operate online gambling within the province territory.

They discovered that a lot of people there were gambling in offshore casinos from Curaçao and Costa Rica and now the government want their slice of the pie allowing a few companies to monopolize the market...

It is tax free just for 5 years in UY, they had to change the law, because of international pressure. Apart of that no country in Latin America actually cares what is made abroad. They are all focused on domestic markets.

Speaking about digital nomads, taxing is the last issue. People maybe sit by the computer and think: "Oh, I pay too many taxes, why not to go living elsewhere to 3rd world country." It is not that easy. Work on road in challenging. I just fired one digital nomad who worked for me for years. He went on motorbike from Europe to Georgia. Then to India. Then to South America, where his work collapsed. When the certain things become uncertainties, then the game is on.

You don't need to be a digital nomad.... Just moving to a country with territorial taxation ... your offshore income is not taxed