The Executive of the City of Buenos Aires has announced the appointment of Jesús Acevedo as the new President of the Lotería de la Ciudad de Buenos Aires (LOTBA). The appointment was sanctioned by Jorge Macri, the City Governor of Buenos Aires, who confirmed that Acevedo will succeed Martín García Santillán as President of LOTBA. Acevedo has previously served as …
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The Executive of the Province of Buenos Aires seeks a new President to lead the Provincial Institute of Lotteries and Casinos of Buenos Aires (IPLyC). The update follows the resignation of incumbent Omar Galdurralde, who has chosen to stand down from the office of Axel Kicillof, the Governor of BA Province for Partido Justicialista Following November’s national and provincial elections, …
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The Lotería de la Ciudad – the regulatory body of Buenos Aires – and the International Betting Integrity Association (IBIA) have signed a memorandum of understanding. The new agreement will aid the development of a regulated, transparent, safe and responsible sports betting market, and aim to discourage all types of unfair or fraudulent practices and the manipulation of sports competitions …
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The government of the Province of Buenos Aires has authorized the use of electronic payments, leading to casinos now being able to accept debit card use. As a response, different groups argued that this approval could lead to problem gambling issues. Through a new measure from the Provincial Institute of Lotteries and Casinos (IPLyC), the regulator of Argentina’s biggest jurisdiction …
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Racetracks in the city and province of Buenos Aires will now be able to grant betting licences, following permission from regional regulatory authorities. A new update on the regulation of the province’s horse racing agencies from the Provincial Institute of Lotteries and Casinos (IPLyC) – the local regulator – and published in the provincial Official Gazette, confirmed the development. As …
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bet365 has laid a further marker for its ongoing South American expansion, as this week sees the official launch of its dedicated online gambling domain in Buenos Aires – www.bet365.bet.ar. The UK’s leading online bookmaker has secured dual BA licenses granted by the Provincial Institute of Lottery and Casinos (IPLyC) and city regulator Loteria de la Ciudad (LOTBA). As a …
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The break-up of Grupo Codere SA has begun, as debt-holders of the former Bolsa Madrid gambling group are reported to have contacted PE funds and interested parties with a view to selling the firm’s Argentine unit. Sources close to bondholders disclosed to El Pais that Codere’s break-up would begin with a planned sell-off of its Argentine bingo and arcade business. …
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Betsson AB has agreed to invest €8.8 million in JDP Tech Ltd, a specialist payment processing firm for South American market transactions. The deal, undertaken through Betsson’s venture investment subsidiary Perch AB, will see the Stockholm-listed online gambling group acquire a 50% stake in JDP Tech. “This allows Betsson to secure customer payment flows for the continued expansion in Latin …
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Passing its federal budget, Argentina’s government has moved to impose a higher rate of tax for online gaming for the forthcoming year, despite the fact that the sector is not regulated on a federal level. The two most populated jurisdictions – the city and province of Buenos Aires – are in the process of debuting their markets, while there are other regions …
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Argentine gambling developments have seen the City Legislature of Buenos Aires approve a series of amendments to its planned online gambling framework, allowing BA-licensed land-based gambling incumbents to participate in its licensing tender. BA’s City Legislature continues to debate final amendments for the launch of its online gambling marketplace, which received its formative approval last February prior to the COVID-19 …
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