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Argentina Government working on plans to allow online gambling
The Latin American country of Argentina was the source of good news midweek as the Dow Jones news agency reported that plans are afoot to legalise and regulate online gambling.
Presidential Cabinet Chief Anibal Fernandez told Dow Jones Buenos Aires: "We're working so that this will become law within two or three months," adding that it could take longer and possibly up to two years.
Fernandez said that the move was targeted on combating illegal gambling that is already in existence. His comments come on the heels of speculation that the government would use online gambling taxes to make a contribution to the fiscus and help finance recently acquired rights to broadcast soccer matches.
Fernandez neither denied nor confirmed that gambling could be used to finance soccer. "That's another subject," he said in comments to reporters on the sidelines of a Council of the Americas conference.
The progressive Argentinian approach is in stark contrast to reports earlier this week that Brazilian politicians plan to outlaw online gambling, deploying UIGEA-style tactics and ISP blocks.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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