Corrientes Province Becomes the First to Regulate in Argentina and Open a New Door to LatAm
Published March 25, 2021 by Lee R
A pro-active regulation model in an Argentina positions the country to harness the benefits of iGaming revenues.
A forward-thinking province in Argentina is the first to establish regulations within the country.
Corrientes Publishes Guidelines
The province of Corrientes has published regulations for online gambling in the province in the state government's official gazette.
Forms of iGaming Allowed
In a country where each province makes its own laws regarding iGaming, the version published in Corrientes government’s official gazette will allow online casino and bingo along with various forms of betting.
In addition to sporting events, punters in the province can place bets on non-sporting events besides politics; virtual sports; and horse racing.
Structure
The body in charged of overseeing all forms of online gambling in Corrientes province is the Corrientes Lottery and Casino Institute (ILCC), which will also oversee operator licensing and enforcement.
Ad Restrictions
Initial advertising guidelines restrict aiming advertising at minors, or being “abusive, deceptive or unfair.” Ads also are forbidden from creating “confusion regarding the nature of the game.”
Play Limits
Operators are further required in Corrientes to enable players to set deposit limits and to self-exclude from gambling; and to provide an alert to all players who are logged in past three hours, with subsequent alert style notifications continuing every hour until the player logs out.
Penalty System
Penalties have been outlined as well, with mild infractions including failure to display licence information receiving a warning; and serious infractions such as allowing self-excluded players to play to receive a fine.
The most serious infractions such as offering unlicenced games or licence-holders participating in the games, are liable for licence revocation.
Fees and further stratification of licences will be established by the ILCC at a later date .
About Corrientes
Corrientes province (pop. 1 million) is located in northern Argentina, with the regional capital in Corrientes city.
Buenos Aires Province
The next province to regulate is Buenos Aires, where 7 online operating licenses have already been granted.
Buenos Aires City
The city of Buenos Aires is a separate entity from the province: earlier this week, the city approved Gaming Innovation Group (GiG) and local gaming and entertainment operator Grupo Slots for launch.
Outlook
With more online gambling development models visible among Argentina's other provinces, the Corrientes model will certainly be emulated to no small extent, and open a major new door into LatAm.
