International edition
August 21, 2019

A total of 19 companies registered to compete in the call for seven available licenses

Argentina: Buenos Aires Province releases conditions for operating online gambling

Argentina: Buenos Aires Province releases conditions for operating online gambling
Matías Lanusse, president of the Buenos Aires Province Institute of Lottery and Casino, next to governor María Eugenia Vidal.
Argentina | 05/15/2019

Buenos Aires Province Institute of Lottery and Casinos (IPLyC, in Spanish) published the terms and conditions on the Official Gazette to compete for one of the seven licenses that it will grant to the future operators of online gambling. The deadline to enter the call for proposals expires on June 25, and 19 companies have already registered in the License Applicants Registration. See the official full text.

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ccording to the Terms and Conditions of the call for the gaming licenses grant under the online modality, which became officially legal last March, "the executive branch shall establish the relevant regulations of the title for its practice" and "the enforcement authority will be the Buenos Aires Province Institute of Lottery and Casinos, which will establish the modality regulation for online gambling", stating that "any modality unauthorized by the enforcement authority is considered prohibited".

Regarding the modalities included in the regulations, the authorized games that run through online channels with a scope within the Buenos Aires Province will be those of electronic machines, casino games, lotteries, virtual games betting (excluding lotteries games), horse racing betting, and wagers on real sporting and non-sporting events (as long as they aren't politics-related).

The license for operating the business will be granted by the IPLyC, as a result of the call for bids, and the regulator will be able to issue up to seven licenses for a 15-year period, not extendable. Each licensee may develop a single license, and to enter the call, each applicant must register in advance in the License Applicants Registration. Applicants must include a partnership between an international and a local company. One of the confirmed partnerships is made up by Boldt and 888 Holdings, and BetCRIS partnered up with IVISA.

The participation fee will cost 5,500,000 pesos (nearly USD 117,000 by the current exchange rate), and each applicant will be able to make a single proposal for the present call. The reception of the proposals will take place on June 25, 2019, at 11:00 am, at the IPLyC headquarters in the province's capital. Once the license has been granted, each licensee must pay the amount of 65,000,000 pesos (approximately USD 1.4 million) as a single fixed charge, payable as follows: when signing the covenant, the licensee must pay 40%; once the first year is completed, another 40% of the mentioned amount; and after the second year is completed, the remaining 20%. In addition, a security deposit of 130,000,000 pesos (about USD 2.8 million) is established.

The regulation underlines a basic requirement of minimum two-year experience in the sector to any operator. In addition, they must have provable annual total income in excess of 50,000,000 pesos (nearly USD 1.06 million).

Regarding the criteria for granting licenses, a technical evaluation committee will consider items related to licenses, experience, financial assessment, product analysis, technical system, responsible gaming, and fraud prevention plan. Based on the results, a comparative table of proposals will establish the score awarded to each of the proposals, which will range up to 100 points.

See the full text in Spanish of the official statement and the Terms and Conditions (Annex).

 

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