Buenos Aires: Paving the way for other provinces in Argentina
Earlier this year the Argentinian province of Buenos Aires has regularized the online gambling industry with Decree 181 officially coming into force. Whilst there is no denying the passion that the Argentinian population has for all things related to sports, especially local football, and the benefits that this regulatory framework will have for the local iGaming industry, local experts are foreseeing the greater impact that this decree will have on the industry on a national level with other provinces in the country possibly following suit and introducing their own legislation to help the activity spread.
But what does the regulation entail?
According to Decree 181, the Buenos Aires Provincial Institute of Lottery and Casinos (IPLyC) will oversee the activity and will be in charge of issuing licenses to operators. The licenses are issued as a result of the call for bids, and the regulator will be able to issue up to seven licenses for a 15-year period, not extendable. Each licensee may develop a single license, and to enter the call, each applicant must register in advance in the License Applicants Registration. Applicants must include a partnership between an international and a local company.
Regarding the modalities included in the regulations, the authorized games that run through online channels with a scope within the Buenos Aires Province will be those of electronic machines, casino games, lotteries, virtual games betting (excluding lotteries games), horse racing betting, and wagers on real sporting and non-sporting events (as long as they aren’t politics-related).
Licensees will also be subject to advertising measures whereby the regulator will monitor all outgoing marketing materials to ensure that it is carried out in good practice. Gambling will be limited to players over the age of 18 and ads should reflect this by not targeting minors in any way.
Operators must also ensure they have a responsible gambling strategy in place, including integrating their systems with a new self-exclusion scheme and having a facility in place to enable players to register formal complaints.
Those that do not comply with such requirements could face financial penalties and, if they continue to breach regulations or commit a particularly serious offence, could face having their license revoked.