In Argentina, the legislation recently favors online gambling legalization in the big city of Buenos Aires. The online casino news reports that it allows local land-based bingo, slot, and casino operators to launch national online services.
The measure is to permit local firms running ‘physical’ gambling properties to apply for five-year iGaming licenses. It is for as long as they are within the contribution of over 15 million people. The online gambling licenses will be under the supervision of the Ministry of Finance.
Provisions on The Online Gambling Legalization in Buenos Aires
The legislation has set protective provisions concerning the online gambling legalization in the city. However, the online casino operators will not require to pay any fees but are obliged to hand over 6% of their gross profits. It will be beside their revenues in tax between 10% and 20%.
Sources from online casino Korea sites report the legislation mandates that only individuals holding a ‘clean record’ may involve in iGaming. It is as well as with operators bound to provide supporters with complete and accurate information relating to issues as game types and rules. In which it includes the probability of winning a prize.
The new regime will purposely oblige licensed firms to establish systems. This will allow players to easily access their gaming histories and receive ‘clear information’ about their behaviors. It is to lessen the fears about the possible increase in gambling addictions. These concerns are also one of the main discussions on online casino forum sites.
Republican Proposal Regulation
The coalition controlling the 60-seat Buenos Aires Legislation is under the guidance of the center-right Republican Proposal political party, which has brought another regulation. Reportedly, a prohibition of pawnshops and cash machines within the 650-feet radius from any land-based games venue.
The local legislator, Claudia Neira, comments on the online gambling legalization as destines to be a great source of income for the city. Also, it must have ant consequent downsides treated as a health issue.