Argentina has its first online gambling code, operational in the province of Buenos Aires, after the executive of Buenos Aires promulgated the mandate of the‘Finance Law 2019’, which revamps the game setting of BA.
Last December, BA Districts approved Executive Order 181 of the Finance Act 2019, authorizing the granting of seven BA online gaming licenses, serving sports betting, online casino, poker and racing provisions of horses.
Supervised by the ‘IPLyC – Council of Argentine Provinces for Lotteries and Casinos, BA Province will begin its licensing process for its first seven online licensees.
Argentinian news sources report that IPLyC has established a qualification criterion of 20 minimum requirements for interested parties to obtain a license – including disclosure of financial liquidity, industry experience and a number of security data/provisions.
International businesses will be allowed to compete for BA licenses, but will be required to maintain a physical business presence in the BA province.
Despite the progress of its gambling programme, the BA executive added a number of final amendments to the executive order, implementing a new tax policy for online gambling.
BA will maintain its previously approved 15% tax on online gambling revenue, but add an additional 8% tax burden on individual verticals, combined with a 2% levy covering licensing provisions and costs from BA.
A key directive of BA Governor María Eugenia Vidal (Argentina PRO), the majority of taxes on online games will be used to finance BAs ‘FIDES – Social Fund for Development and Integration”.
Although Governor Vidal passes Decree 181, the BA’s online gaming framework is set to be challenged by the Superliga and Argentine FA (AFA) governances – who in March demanded that the President Mauricio Macri suspend the motion.
Argentina’s football governing bodies have insisted that they place a injunction on decree 181, unless Vidal and Argentina PRO redefine the game mandate, installing awards for football clubs.