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The tax money will go to public funding, with 2% being allocated to the Instituto Provincial de Lotera y Casinos, which is the official regulatory body to take care of the gambling activities in Buenos Aires. Another auspicious moment for would-be casinos and betting companies is that they would be able to purchase a license for as long as 15 years, which is significantly more than elsewhere in the world. Bringing Social Responsibility to Argentina Its not all done for the sake of business either, with Governor Vidal championing Casino both the social and business end of the activity . Argentina will pursue a number of social responsibility initiatives and request companies to uphold the necessary safety practices before any operator is allowed to operate on the burgeoning market. With the budget coming into effect on January 1, 2019, there has been no mention as of the official date when Buenos Aires will begin issuing the licenses. Once the process has been set up on the legal end of things, companies will be allowed to purchase licenses. Its possible for Buenos Aires to issue package deals for companies, but a far more likely scenario is for each license to be individual, meaning companies will have to purchase permits to offer sports betting, online casinos and horse racing. Buenos Aires has a population of 3 million people, which puts it on par with successful gambling hubs as Nevada with roughly the same number of residents. However, Nevada has the privilege to be one of the few places where you can play a number of casino games and frequent sports betting facilities whereas Buenos Aires may not have the same pull.
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