The Legislature of the City of Buenos Aires has finally allowed land-based casinos to apply for online permits to let them kickstart their iGaming services. Changes have been made to online gambling regulations for it to be fully legal.
The law had originally been enacted in February this year. At this time, land-based casinos had been exempted from being allowed to apply for online licenses. However, the impact of the actual global situation has led to a change in decisions.
According to the government’s anticipations, they estimated that this new venue could bring from $6.6 million to almost $10 million each year to the country from regulated online gambling.
It’s only after Governor Horacio Rodríguez Larreta approves the changes that it will be an “all clear”, however, he’s actually part of the political party that led the proposals, so it’s almost a given at this point.
The 60-seat Buenos Aires Legislature is currently controlled by a coalition under the guidance of the center-right Republican Proposal political party and reportedly brought in another regulation that is to prohibit pawnshops and cash machines from being located within a 650-feet radius of any land-based gaming venue.
A “clean record” mandate has also been included. This was voted with 37 in favour and 4 against, along with 15 abstentions. It was argued that people who have either been prosecuted of serious crimes, or are on trial, should not be allowed to benefit from online operations.