The lotteries chamber in the Argentine capital Buenos Aires has reiterated its support for regulation of the online gaming industry.
Argentina.- Both the province and the city of Buenos Aires have legislated in favour of online gaming but have yet to put regulation in place.
Now CAOLBA, the chamber of official lottery agencies in the City of Buenos Aires has reiterated its support for the move and called for prompt action to finalise regulation.
Maria Martorello, secretary of CAOLBA, told the news agency ANDigital: “We are confident of the regulations to be implemented under the proposed initiative and we hope it will be approved in the coming weeks.
“[The regulation] will mitigate the loss of city resouces caused by illegal gambling sites, and also generate more work and income for all the agencies in Buenos Aires.”
Sebastián Vivot of the Buenos Aires city lottery, LOTBA, recently said that the city was aiming to move forward with online gambling regulation.
He said: “There are members of the public in favour of online gambling coming to the market. Electronic payment methods need to be sorted out. There is a problem with banks and depositing credit for gambling, and we are trying to straighten that out with various entities.”
“We need to all be in this together if we want it to be successful, because it will bring about community welfare, especially in the situation we have today.”
He also stressed that online sales “won’t cancel out” land-based sales.