Bids for online licenses in Buenos Aires set to open early 2019

Buenos Aires governance are preparing for the opening of bids early in the new year for seven online gambling licenses.

The provincial Institute of Lotteries and Casinos (IPLyC) expects the release of the tender document at the end of January and, following appraisals, expects awards to be announced between March and April 2019.

According to industry source La Tecla, licensees will pay 25 percent of their turnover, which is broken down into fifteen per cent of Gross Revenue, eight per cent of a specific online gambling tax, and a two per cent fee.

Related and similar