Tag Archives: argentina

IPLyC lays out criteria for Buenos Aires licensing

The Argentine Provinces Board for Lotteries and Casinos (IPLyC), the organisation charged with regulating and monitoring Buenos Aires’ soon to be regulated online gambling marketplace, has published its ‘criteria for competition’ related to securing one-of-seven BA licenses. The board confirms that it has set a deadline of Tuesday 25 June 2019 for competing parties to submit official BA tenders, with IPLyC …

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Codere reforms organisation to drive ‘global efficiencies’

The governance of Bolsa Madrid-listed Grupo Codere SA has allowed the firm’s executive team to carry out a series of organisational reforms, designed to improve and simplify Codere’s globalised day-to-day operating structures. In its update, the executive of embattled Codere, details that organisational reforms are needed to simplify the firm’s regional units, enhance commercial capacities, whilst improving corporate operating margins …

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Argentine football demands that Macri & Vidal tango on BA gambling reforms

Political rifts are developing in Buenos Aires, as Argentina’s biggest football clubs and the governance of the Superliga and Argentine FA (AFA) demand that football is rewarded in the upcoming reform of BA’s gambling laws. Argentine Superliga and AFA officials have demanded that President Mauricio Macri (Argentina PRO), leader of the Cambiemos governing coalition, move to suspend the Buenos Aires …

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Sampedro Investor dispute continues to hurt Codere

The battle between Grupo Codere investors and the enterprise founding Sampedro family intensifies as former Group President and Chief Executive Jose Antonio Sampedro refuses to sign-off the firm’s 2018 accounts. The embattled Bolsa Madrid gambling group, sees itself caught in the middle of boardroom feud between the Sampedro family who maintain 19% of the company’s shareholding and Codere’s multiple US …

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Codere backs business plan despite 2018 dramas

Embattled Bolsa Madrid gambling firm Grupo Codere SA closes its full-year 2018 accounts reporting group-wide losses of €40 million, primarily attributed to significant Argentine market adjustments. Reported throughout 2018, Codere has been forced to navigate the +100% collapse of the Argentine Peso against the Euro, with the gambling group detailing FX losses of circa €34 million. In its Argentina market …

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ASA clears Coral advertisement of being misleading

Copyright: gioiak2 / 123RF Stock Photo

A national press advert for Coral has been cleared by the Advertising Standards Authority, after being brought under question by The Campaign for Fairer Gambling. Featuring in the Racing Post during the World Cup last year, text within the ad stated “PRICE BOOST Argentina v Iceland MESSI TO SCORE 2+ GOALS 5/1,” with the wording “WAS 3/1” struck through before …

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Independent Content Services: Looking ahead to 2019

US - Copyright: stillfx / 123RF Stock Photo

Andrew Morgan, International Director at Independent Content Services, anticipates 2019 will be all about M&A, the USA and the ongoing rise of esports. It has been another incredible year for the global online gambling industry. From power-play acquisitions to new markets opening their doors to legal betting for the very first time, the past 12 months have been transformational for …

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Alessandro Fried – BtoBet likes Buenos Aires’ fresh prospects

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BtoBet Chief Executive Alessandro Fried has stated that his firm’s executive team are monitoring Buenos Aires (Argentina) movements closely. This December, led by BA Governor Maria Eugenia Vidal, Buenos Aires’ executive secured the votes needed to revamp the province’s gambling frameworks, passing legislation that will regulate online gambling services within Argentina’s largest province. Fried welcomes the first initiatives to develop …

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Arriba! SIS ups LATAM profile with Codere racing content

Multi-channel racing content and data services provider Sports Information Services (SIS) enhances its live betting channels, adding Codere Latin American racing content to its program. Updating stakeholders, SIS has agreed a three-year partnership with Bolsa Madrid gambling firm Grupo Codere SA, which will see it act as lead ‘live pictures and data distributor’ of Codere LATAM syndicated racing properties. Detailing …

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Argentina PRO secures Buenos Aires gambling restructure

As anticipated the Executive of Buenos Aires has approved Budget Plan 2019 directives 142 and 143 sanctioning significant changes to the province’s operational gambling framework. On Tuesday, district leaders voted in favour of BA Governor Maria Eugenia Vidal’s 2019 proposals, introducing a new 2% tax charge on player winnings from land-based casino, arcade and bingo operators. Governor Vidal secures a ‘major victory’, …

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