“Illegal gaming is a fraud to the Treasury, which distroys formal employment”

“The development of the gaming industry and its consolidation in the world as part of the entertainment industry was a result of the consolidation of legal frames and a strong presence of the state regulating the operational spaces and the destination of the financial flow originated in the activity. The increment of government controls and tax systems are the main basis of an activity, which deserves as much attention as banking regulation”, states Peredo.

“Games of chance in Argentina are regulated by the provinces, on the grounds of power granted by the Nation. An example is the article 37 of the Constitution of the province, that mentions the rights of the citizens on the utilities coming from games of chance. In Latin America, the fight against illegal gaming stipulates minor penalties because it is considered a contravention.”

As an example, the Argentine Penal Code does not consider crimes connected to clandestine game. To configurate this type of illegal activity as a crime would mean to make things clear”.

With illegal gaming, Who stops receiving the 45% of the gross collection brought by bingo halls in the Province of Buenos Aires? Traditional illegal gaming coexists with illegal online gaming, where operators are dressed as sportsbook companies and take football clubs as hostages with advertising contributions, do not pay taxes and operate form tax havens, without considering that they have their employees in precarious working conditions”, stressed Codere Argentina executive.

“It is not a novelty that online gaming does not have a solid legislation worldwide and some operators located in tax havens such as Gibraltar who want to hide as “not legal” what is “illegal”, concludes Peredo in his column.