Opdateret: 7. juli 2020
Like other Latin American countries, in Argentina, gambling and gambling are legal throughout the territory. This applies to face-to-face and online casinos. Unlike the regulatory requirements of other Latin American and European countries, in Argentina, each province has the right to legislate games at its discretion.
This means that the law can make major changes from one province to another without violating the basic foundation of the Constitution and the highest authority that regulates gaming at the national level (ie, financial intelligence agency-financial intelligence agency). The agency has become very famous in recent years and is responsible for ensuring safety and combating money laundering.
Argentina's gaming legislation and regulatory agencies
As we expected in the previous section, in Argentina, whether it is a face-to-face casino CasinoSlots, such as Palermo Racecourse, or an online casino, the game is legal. Regardless of whether your base is in that country, you can access them as long as they are approved by the Argentine state, FIU, and the place, province, or city where you register at your address.
According to Resolution FIU 17/2003: Covering and laundering assets of criminal origin through the Central Bank of the Argentine Republic, you should be notified of any suspicious transaction reports, and for casinos, the monthly prize report should be greater than or equal to US$10,000. Of course, this amount is small compared to the peso exchange rate in the early 2000s. Even so, this can control the flow of funds in the casino and protect users.
Argentina is a paradise for online gambling in Latin America. The Argentine online casino has a very open regulatory framework that can cause the number of online and online bookmakers to surge, making it the most attractive in the market. Despite its popularity in Argentina, in 2008, the state enacted a law prohibiting gambling across the country, which caused strong protests and demanded that the idea be quickly withdrawn.
These control measures must be strict and are the responsibility of the FIU, which is a government agency and must begin the registration process for operational casinos in Argentina. Follow legal channels, in addition to financial intelligence agencies and financial investment promotion agencies, you must also obtain tax approval from the Central Bank of the Argentine Republic in order to finally achieve online driving
Must we pay taxes on the profits obtained?
In 2017, the Federal Public Revenue Administration (AFIP) imposed an indirect tax on online gambling. Every bet placed on any online platform is subject to a 2% equal tax. In this particular case, the credit and debit card used to place the bet will retain the tax on the total amount bet.
However, it depends on the power of each province and the city of Buenos Aires. These provinces and cities have the right to decide to play internally at their own discretion. This will cause the gray area to become larger, because taxes and general regulations will vary from country to country and may not always be the same.
It may also happen that, based on income, each province should pay the expenses designated for total income. Although monthly and bimonthly advance payments are possible, this tax is paid every year. You can refer directly to the laws on the Argentine government page.
In countries other than Latin America (such as the United States), punters must pay nearly 50% of their profits to the state. But this only applies when income exceeds $1,200. In addition, taxes will be deducted at the time, so money is always provided to bettors after the tax.
In other European countries, there are more and more questions about tax laws. For example, in the UK, 15% of the total winnings generated by bettors are used to pay. In France, the situation is more complicated depending on the bonus and the type of game. The maximum fee of 100,000 euros is 6%, but from 14 million euros, the national fee is 83.5%
As we have announced throughout the report, there are two excellent figures on the casinos in Argentina. On the one hand, the country is one of the most coveted and prestigious countries in South America; on the other hand, every province, state and Buenos Aires municipality has the power to manage the competition according to regulations. They should never be in conflict with national laws, nor can they be relieved of their responsibility to notify FIU or pay related taxes to AFIP.
This means that the government has sufficient autonomy to favor or harm online gambling, physical gambling and casinos through established political channels as deemed appropriate. For example, Article 37 of the Buenos Aires Grand Charter was approved in 1994, stating that "the province reserves the management of all casinos and game rooms as an unauthorized right of the federal government."
As we have already mentioned, there are differences between provinces and capitals, but all provinces have lottery tickets, bingo games and casinos, which greatly benefit. However, we should emphasize the number of daily bets a province makes within its limits, without mentioning the number of casinos it owns, namely the province of Buenos Aires.
The Buenos Aires government knows that for a long time, it will obtain very important profits through gambling, and this only represents that gambling can bring in 40 billion dollars in annual profits. As journalists Ramón Indart and Federico Poore mentioned in their book "The Power of Games", there were 9,500 physical locations in 2008, which accounted for almost 75% of the province's total revenue, while online games did not have high development.
What the future looks like
We have predicted that by 2017, the Central Government of the Argentine Republic will attempt to impose a 2% tax rate on activities generated by physical casinos and online sites Casinoslots, but this is difficult to implement because the regulation is the power capital of the provinces and the federal government. Therefore, each provincial legislature and the Buenos Aires Provincial Assembly will unilaterally decide on any changes without having to debate with the state.
It is understood that in early 2018, the province of Buenos Aires decided to carry out internal reforms, shut down three casinos and one bingo game, and bid to handle 3,860 slot machines, accounting for almost 40% of the total number of existing slot machines at the regional level
Comparison with other markets
In Argentina, there are about 70 face-to-face casinos and more than a dozen online operators, most of which are concentrated in Buenos Aires, Cordoba and Chubut provinces. Among them, in addition to bingo games, roulette tables, blackjack and bets, they added a total of 70,000 slot machines. An average of 105.6 billion pesos is spent on games each year, leaving unusable profits. The country is one of the largest game collectors in the South American continent, but it is not the best. If we compare with Chile, we find that in addition to having an important gaming tradition and good legal regulations, its annual revenue in 2017 is about 60 billion US dollars. That is to say, the currency issue is much higher than that of Argentina, but there is no Argentina in the amount of processing per game. The devaluation of the Argentine Peso must understand this difference of the Ganagas better than anything else.
Some amazing facts about the market
When we investigated all the relevant topics of this report in detail, we found some interesting color data, so that we can better understand the gambling and casino market in Argentina. The first casino in Argentina was built in 1912 in the town of Tigre in Buenos Aires and is known as the Tigre Club. This majestic operator is intended to serve as a social center for social development and economic progress. At that time, European refugees poured into our coast, so it is understandable to use the game to generate greater profits.
Gambling and gambling are very popular in Argentina. As we mentioned earlier, if a province like Chubut with a population of 556,000 has 9 casinos, almost as many as the province of Buenos Aires with a population of 16 million, it is because the game can bring considerable profit. In order to be able to play in any province and federal capital of the country, you must be of legal age and must be at least 18 years old to bet on face-to-face casinos or play in online casinos.
Last year, Argentina spent a total of about 100 billion pesos in face-to-face and online casinos. Of the total, almost 50% belong to the bets of the province of Buenos Aires, amounting to 40 billion pesos. This is the only 11 casinos in the province, including the Margarita Plata seaside resort province and the Trilenium casino in Tigre games.
All in all, Argentina has a large number of gaming operators and has huge facilities to accommodate millions of national tourists and tourists from all over the world every year. Nationwide, there are about 70 houses in operation, adding provinces and the federal capital, which has the controversial Puerto Madero Casino.
Although there are still some areas that need to improve and review the Argentine law on taxation issues, the law may not change much and depends largely on the business development of each province, as happened in Santa Fe. I want to raise interest rates for this exact reason. In the end, every government has the right to make discretionary legislation on the game, so there is almost no national law.
Undoubtedly, this is the strongest of gaming and bookmakers in Argentina. There are approximately 70 physical casinos across the country, most of which are concentrated in the provinces of Buenos Aires, Córdoba and Chubut (the latter has the lowest population density of 2.61 inhabitants per square kilometer and has 556,000 inhabitants).
This shows that since the establishment of the first gaming center in the Tigre Delta in northern Buenos Aires in 1912, the industry has experienced rapid development in the country for more than 100 years.
Mar del Plata Central Casino
One of the most symbolic casinos in the Argentine Republic is undoubtedly a historic monument. Central Station is one of the earliest large houses in the country. The main hall has a view of the sea. There are 630 slot machines and 140 tables of blackjack, baccarat, craps and roulette. During the summer peak season, the casino will receive an average of 12,000 people every night, and the peak may reach 18,000 people on the weekend in January. In addition to the casino, it also provides visitors with great comfort and luxury. This four-star hotel has 66 rooms and the famous auditorium Astor Piazzolla, the city is home to the film festival.
The design was commissioned to Alejandro Bustillo, one of the most prolific architects of the time. He was also known for the Central Bank, the Continental Hotel, and the Llao Llao Hotel in Bariloche. But perhaps the most prolific and most famous work is the great national city landmark erected in Rosario in 1944, which is a monument to the national flag. The design of the hotel is based on the "Art Deco" style of the famous casino in the French city of Biarritz, which also faces the sea. Out of curiosity, if necessary, you can sail from a French city and park at Mar del Plata.
Buenos Aires Casino
One of the most controversial casinos at the time. By the late 1990s, despite the opposition of the head of Buenos Aires city government and other officials (Buenos Aires and Nationals), the National Lottery Company decided to open a casino in Puerto Madero. The curiosity of this institution has always been that it is a ship at the North Pier. It has a total of 12 game tables and more than 1,400 slot machines that can be played in pesos or dollars, as well as restaurants, 24-hour food courts, shopping malls and exclusive poker rooms, and another venue for high-rollers.
By October 1999, the casino in Buenos Aires opened, a mixed area with no tables or games, but facilities for bettors, such as restaurants and entertainment venues, gave way to the actual ship . The ship arrived in Buenos Aires in 1998 from New Orleans (known for its passion for gambling). The ship was built in 1995 and was not used until the agreement signed in 2005 between the National Lottery and the Buenos Aires Gaming Academy was closed and declared unconstitutional. Although it had to pay a fine of 200,000 Argentine Pesos per day, it was quickly put back into operation until it was updated with documents.