DOM 19 DE MAYO DE 2024 - 08:46hs.
Three more operators interested

Bet365, Betway and Coder LatAm join race for Buenos Aires licences

Three more high-profile gaming operators have entered the race to secure online gambling licences in Argentina’s capital province of Buenos Aires. Bet365, Betway and Codere LatAm have all entered into joint ventures with local operators, and registered to file a licence application. There are now 10 companies that will compete for the province’s seven igaming licences.

Via its Hillside (New Media Malta) subsidiary, bet365 has partnered bingo hall operator Pasteko, while Betway has paired up with Bingo King. Codere LatAm -a subsidiary of the Madrid-listed operator- will work with slot and bingo hall operator Iberargen.

With the June 25 deadline for interested parties to register their intention to apply for a licence fast approaching, there are now 10 companies that will compete for the province’s seven igaming licences.

Of this number, the majority involve joint ventures between international operators and local partners. It was previously announced that the Stars Group had partnered Atlantica de Juegos, with William Hill sealing a deal with ArgenBingo, and Flutter Entertainment with Bingo Pilar. Each of these local partners are bingo operators.

Intralot, meanwhile, will work with casino operator BinBaires and Playtech has paired off with Hotel Casino Tandil. Two local operators, Biyemas and Slots Machines SA, look set to go it alone.

The winning bidders will be granted a 15-year operating licence, for which they must pay AR$65m (US$1.4 million). They will be able to offer online casino games including slots, sports betting, poker and betting on horse racing, and will pay a 25% tax on gross revenue.

Source: GMB / iGaming Business