If the Argentine city of Buenos Aires succeeds, the Casino de Puerto Madero will soon have a license for sports gambling and the city government is pushing a plan that would allow the casino to release an online bookmaker to offset the winnings lost due to the coronavirus.However, some lawmakers are trying to prevent the allocation from moving forward, arguing that the casino’s links to a debatable figure would be a black spot in the country’s gambling industry.
Argentina has struggled to take on the online game.Buenos Aires was in a position to factor licenses last February, but retail operators intervened to oppose previous plans.However, Buenos Aires has advanced, driven by a desire to locate new profit source resources after the COVID-19 debacle.According to some reports, the city can get up to $6.8 million in tax profits by launching legalized sports games.
For the city to license the Casino of Puerto Madero to function as a bookmaker, lawmakers are pressuring Buenos Aires to adhere to federal guidelines, which come with the payment of a $30,000 “administrative tax” and net worth evidence of at least $25 million In maximum cases, operators will also have to prove that they have been concerned about the gaming industry for at least two years.
The ruling government party in Buenos Aires, Together for Change, supports the licensing of the casino; However, some local lawmakers are looking to put more situations into the agreement.Former casino owner Cristóbal López is not a popular user among some lawmakers, and they must make sure he doesn’t have the ability to worry online.He has been embroiled in controversy for several years, suspected of having ties to cash laundering and allegations of collusion.% less than its original value.
As a result, he has non grata personality in many circles, and lawmakers fear that the casino tsar will return to the scene of the game by worrying about online sports at the casino he has owned in the past.To obtain a license for the Casino of Puerto Madero, the city will have to turn out that it can prevent Lopez from entering. Lawmakers are also pushing for more restrictions on classified sports betting ads and other measures they consider mandatory to keep the market clean..
So far, a total of six game operators have been implemented to be part of the sports gaming industry in Buenos Aires, and all are in the process of approval, however, if things go well, the Casino de Puerto Madero may be the first.
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