Argentina Wants Online Gambling Legalized

Written by:
Guest
Published on:
Aug/30/2009

BUENOS AIRES -(Dow Jones)- The Argentine government is working on plans to allow online gambling throughout the country, presidential Cabinet Chief Anibal Fernandez said Wednesday.

"We're working so that this will become law within two or three months," Fernandez said, adding that it could take notably longer and possibly up to two years.

Fernandez said the main aim behind the project is to combat illicit gambling that's already occurring.

Earlier this month people familiar with the government's plans said the government would use online gambling to help finance its recently acquired rights to broadcast soccer matches. Revenue from taxes on the activity could also help strengthen the government's fiscal accounts.

Fernandez neither denied nor confirmed that gambling could be used to finance soccer.

"That's another subject," he said in comments on the sidelines of a Council of the Americas conference.

Gambling News

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

National Gambling Firms 'Getting Smoked' by Regional Sportsbook Operators

Why are the national gambling companies Caesars (CZR) and Penn National (PNG) underperforming with their sportsbook operations both in Pennsylvania and New Jersey when compared to regional companies?

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

Where to Bet the 2019 Magic - Arena Mythic Invitational Online - Odds to Win

You can bet the 2019 Magic - Arena Mythic Invitational online.  Scroll down for all odds to win or go here now to find live odds and bet

Google Introduces New Gaming Platform Stadia

Google Introduces New Gaming Platform Stadia

Google on Tuesday unveiled a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business.

New York Sportsbooks Unlikely in 2019

New York Sportsbooks Unlikely in 2019

Gov. Andrew Cuomo sounded doubtful that sports betting would come to fruition in New York State this year, music to the ears of offshore sportsbooks with most sites accessible to New York residents. 

Alleged Mob Boss Murderer Likely Dead Meat

Alleged Mob Boss Murderer Likely Dead Meat

Anthony Comello is suspected of murdering 53-year-old mob boss Francesco “Franky Boy” Cali, but prison may be the safest place for him as sources close to the Staten Island police say the cold blooded killer "has an X on his back".

Syndicate