Argentina May Legalize Online Gambling
Published: Wednesday, August 26, 2009 Online-Casinos.com
In the latest round of what's up news in Argentina the presidential Cabinet Chief Anibal Fernandez has stated that the country will introduce legislation soon that will eventually lead to legal online gambling across the country. This seems to be a reversal of policy in the cash strapped country that a short time ago in 2008 reported it would jail violators of the current ban on gambling on the net. Prohibited online games in Argentina include online poker, bingo, sports wagering and casino gambling. Now according to Dow Jones a publication from the Wall Street journal the lawmakers are going to legalize online gambling throughout the nation.
Cabinet Chief Anibal Fernandez said, "We're working so that this will become law within two or three months," Fernandez added that it could take notably longer and possibly up to two years to see the process through. It is thought that the main aim behind the projected change is to combat illegal gambling that's already taking place. Rights to televise football matches in Argentina were recently acquired by the govenment and insiders believe the government needs the revenues from online gambling to finance their venture. When asked whether this was in fact the truth Fernandez neither denied nor confirmed. Football leagues were recently in a dispute over the rights to some of the revenues generated by advertizing and televisation believing the right were undersold. Needed taxes from online betting may be able to shore up the weak fiscal accounts of the government. Fernandez said when asked if gambling would help fund football, "That's another subject," The comments were made at the edge of a Council of the Americas conference.
Gambling laws in Argentina are not federally controlled as yet. Each province has it's own set of rules and regulations, which is becoming a source of tension among those jurisdictions, mostly because online wagering territories are becoming harder to regulate so this move seems like a logical solution.
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