
Argentina is working hard to regulate online gambling and online casino games. The example being set by countries around the world is influencing Argentina to take the decision, while the Presidential Cabinet Chief of Argentina, Anibal Fernandez, categorically stated that their attempt to legalize online gambling was to hold back illegal offshore casino operators and also since the impetus was on ‘soccer’ they wanted to capitalize on this opportunity.
In the recent past the Argentinean Government has taken over the soccer television channels from local cable operators and permitting Argentinean’s to wager on online sports gambling games, like soccer, on the internet, in order to bring in revenue to fund the telecasting of games. Anibal Fernandez commented that they have set a deadline of 2 – 3 months to pass the legislation and are hopeful that they would meet the deadline, however legalization of online gambling could take a couple of years.
Each time a new government takes over office the bill is put forward but for various reasons is still a pending issue, while online gambling with offshore casino operators is going on illegally, casino gaming enthusiasts are not deprived of their online casino games.
With the global financial crisis at its peak online gambling is a definite way for governments to get extra money in tax revenue and more and more countries are legalizing online gambling, and giving players the opportunity to play their favorite games like blackjack, slots, roulette, craps, video poker among other casino games.
Whenever Argentina is successful in legalizing online gambling, it would have a ‘chain effect’ on the rest of the world’s online gaming stand, despite the fact that online gambling is not encouraged by church groups, live casinos etc. Countries like the United States are still in the process of online casino legalization, and could use Argentina as a model for their own bills in the legalization process.