A bill has been put forward in the Argentinian province of Cordoba that will legalize online gambling in the region if it is passed.
The bill will establish online gaming, defined as “carried out by electronic, computerized, telecommunication means or through other interactive procedures,” in the region. At present, the bill is awaiting committee approval following its introduction at the beginning of the month.
The hope is that by legislating online gambling, illegal gambling can be eradicated, and players’ rights can be safeguarded in accordance with the province’s constitution.
The bill will cover table games and slots together with sports betting and lotteries. Licenses will be available to any operators based in Cordoba, while foreign operators may receive one license in association with a national legal entity under a Temporary Union of Companies (UTE) in Argentina. However, foreign operators will not be allowed to contribute more than 35% of a licensee, and the licenses shall expire after 20 years if not renewed.
The bill will establish online gaming, defined as “carried out by electronic, computerized, telecommunication means or through other interactive procedures,” in the region. At present, the bill is awaiting committee approval following its introduction at the beginning of the month.
The hope is that by legislating online gambling, illegal gambling can be eradicated, and players’ rights can be safeguarded in accordance with the province’s constitution.
The bill will cover table games and slots together with sports betting and lotteries. Licenses will be available to any operators based in Cordoba, while foreign operators may receive one license in association with a national legal entity under a Temporary Union of Companies (UTE) in Argentina. However, foreign operators will not be allowed to contribute more than 35% of a licensee, and the licenses shall expire after 20 years if not renewed.
