The regulatory authority of gambling for the province of Buenos Aires, IPLyC, has concluded its year long online gambling licensing process.
Entering 2021 with a strong LatAm development, the launch of Buenos Aires’ founding online gambling regime will be composed of foreign and domestic partnerships, that includes ArgenBingo BA and William Hill, Pasteko SA and Hillside Media Malta (bet365), Hotel Casino Tanil and Playtech, Boldt SA and Cassava Enterprises Gibraltar (888 Holdings), Atlántica de Juegos y Stars Interactive Limited (Flutter Plc), Binbaires SA and Intralot SA and Casino de Victoria and Betsson Group.
Published in BA’s executive gazette on December 31, 2020, it disclosed the seven ‘business partnerships’ that have been allowed to form online gambling ventures which service the Buenos Aires province.
The IPLyC stated that it had received 14 venture applications to join its BA regime, with notable rejections handed to Spanish operators Luckia (Grupo EGASA), Codere SA and LatAm betting group Betcris.
Led by new president Omar Galdurralde, the IPLyC aims to formally launch its online gambling regime ahead of lotteries regulator LOTBA, which sanctioned its BA City licensing regime last September.
Last-minute amendments approved by Galdurralde specified that business ventures have just 10 days from 31 December to ‘present compliance guarantees in order to obtain licences’.
Furthermore, each venture must pledge a down payment of 65 million ARG Pesos (€650,000) in order to secure their BA licences under the IPLyC’s administration.
Despite IPLyC finalising its licensing orders, Argentine news source La Naccion reports that new BA Governor Axel Kicillof will intervene in the launch of the regime. Kicillof’s administration is reported to be dissatisfied by the online gambling laws and ‘welfare fund’ commitments formed by preceding governor María Eugenia Vidal.