The law increases the number of licensees to 10 with the possibility of expanding to 20
On December 30, 2021, the legislators of Córdoba province approved Bill No. 34270/L/21, which establishes the regulation of online gambling in its different modalities within the scope of the province.
The law establishes all activities included within its scope and applies to casino table games, electronic automated gambling machines, sports betting, lotteries, and others “that are defined by regulation”, in which “amounts of money are risked on future and uncertain results, regardless of whether the degree of skill of the players predominates in them or is exclusively by luck or chance.”
The text further explains that it aims to regulate online gambling via other actions, such as the creation of a Registry of Online Gambling Licenses, as well as “to collaborate with the national government in the detection and eradication of illegal gambling, and the prosecution of fraud and criminality.”
Likewise, the law establishes prohibitions on access by minors, people registered in the National Registry of Defaulting Child Support Debtors, plus shareholders or owners of gambling licenses, among others.
It should be noted that the final text of the Cordoba province gambling law also includes amendments such as the one referring to the participation of national legal entities in the transitional unions (UT), for association in foreign companies. Whilst the original draft fixed the participation of Argentinian companies at 35% of the UT, the approved standard reduces that percentage to 15%.
Similarly, the law increases the number of licensees from 5 proposed in the first text to 10, with the possibility of expanding that number to 20. It also lowers the licence term to 15 years, which in the original project was set at 20 years. It establishes that the destination of the levy, in its entirety, will be destined to social support.
