Sports betting and gaming technology provider BtoBet has responded positively to the recent passage of new legislation in Buenos Aires that will pave the way for a full regulated online gaming sector in Argentina.
CEO and Chairman Alessandro Fried stated that the company is constantly monitoring the evolving regulatory scenario, and an increasingly better regulated Argentinian market will, he suggested, “…surely be generating ripples of interest among those operators keen on further expanding their businesses in the country”.
He added that a more harmonized and standard approach to the regulatory aspect of the market ensures a robust and transparent framework that safeguards the operators’ interests and ultimately those of their players as well.
Fried commented that throughout 2018 BtoBet has significantly increased its presence in regulated and newly regulated territories, especially in Latin America and Africa. Focusing on Latin America he offered: “The results have exceeded our expectations, and the prospect of a more regulated Argentinian market is an exciting development and opportunity.”
He also noted Argentina’s keen interest in sports, especially football. “Football is undoubtedly the nation’s most popular sport, and in Maradona and Messi they have two of the greatest football players of all time to grace the world.”
Argentina’s freshly inked legislation will allow for the online provision of casino games, video poker, slots, sports betting and horse racing. Prospective operators will, however, need to be physically located in the country to obtain an iGaming license which runs for 15 years. In addition, they will be liable for 15 per cent tax on GGR, plus a further two per cent administration levy payable to the gaming regulator, the Instituto Provincial de Loteria y Casinos.
