16+ CR GTD
Header banner - Calling Stn
Pokersaint - Lead
Buenos Aires approves online gambling Gambling

Buenos Aires approves online gambling

by Team Gutshot Posted on 22 Dec, 2018

South American country Argentina’s largest province and capital city of Buenos Aires received the new Budget Bill 2019, which includes plans to license and regulate online gambling in the province. The plans went for preview under the Argentinian Governor Maria Eugenia Vidal early this month as a way of exerting more control over the activity.

The lawmakers of the city agreed the new policy decision on a 34-22 vote on 13th December, agreeing to ‘promote, stimulate and develop a healthy and responsible online gambling market, and to combat unlicensed gambling in all its forms’. This also comes at a time when Brazil’s president has signed the legalization of sports betting bill. South America is turning out to quite a liberal region for gambling.

The details of how this law will roll out haven’t been made public yet, but it is estimated that seven online operators will receive a license soon to do business in the province. The licenses would be valid for a maximum of 15 years and online gambling revenue would be taxed at 15%, plus an administrative payment to the regulator of no less than 2% of revenue will be levied.

The law mentions that operators won’t be able to provide players with credit cards and other forms of payment will have to be routed through the Bank of City of Buenos Aires, a public institution. This goes in line with Vidal’s statement that the idea was to ‘regulate who plays, how they do it, everything is banked’.

The plan of legalizing online gambling will come into effect on January 1, 2019. Meanwhile, a court in Argentina’s second-largest province – Córdoba – has ordered local Internet Service Providers (ISPs) to block numerous online gambling domains, including the reputed PokerStars.com platform. The province is yet to regulate their online gambling market like Buenos Aires or Misiones.

National telecom watchdog ENACOM has also updated its online gambling blacklist, which now contains 170 operators’ associated domains, including many of the movers and shakers of the industry. Platforms like 188Bet, 32Red, 888, Bet365, Betclic, BetOnline, Centrebet, Paddy Power, PartyPoker, SkyBet, Unibet, etc. have been included in ENACOM’s blacklist. 

The overall global gambling industry is getting liberalized progressively, with many countries who were originally closed to the idea of online gambling now making laws to regulate this industry, and that’s something to look forward to in the future. Keep reading GutshotMagazine.com for similar legal news as well as general news from around the world.

PokerBaazi Slim Banner

Check out our online poker rooms section, where you can read reviews on the biggest and best poker rooms in the country, while also taking advantage of their bonuses and promotions. Check out these top poker rooms HERE.


Tagged : 

Comments

Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • 9stacks
    9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT Register

  • PokerSaint
    PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (425 Locked, 75 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Natural8
    Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $500 or $100 in instant rewards Register

  • Pocket52
    Pocket52

    Up to 300% bonus for first-time depositors
    Offer: "GUTSHOT52" - 10% Instant + 190% Locked + Free Ticket worth Rs.110 Register

  • Poker Tempo
    Poker Tempo

    Free Rs. 700 on Signup - 600 Ticket for 1 Lakh GTD tournament, 50 Instant, 50 Locked
    Offer: "WELCOME700" - First deposit bonus of 150% Register

  • BLITZPOKER
    BLITZPOKER

    Sign-up with "GSBLZ"
    Offer: NA Register

  • PokerStars India
    PokerStars India

    Deposit Rs.500 and get First Deposit Bonus of Rs.2,500 + 5 tickets to Depositor Freerolls
    Offer: "IMIN2500" Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register

BSU box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Welcome Bonus upto INR 5600

Welcome Bonus upto INR 5600