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Now You See It, Now You Don't

Online casino gamblers in Argentina were surprised this week to find that the Formoapuestas is no longer up and running even though the site has a license to offer internet gambling services in the Argentine market that doesn’t expire for more than a decade. Formoapuestas has been in operation in this market for several years now and has a solid reputation for reliable online casino gambling through a license with Microgaming – one of the top software development companies in the world. Surprisingly, even the managing director was left completely unaware of the situation until the gambling license was withdrawn.

The Loteria Nacional in Argentina withdrew the online casino gambling license from the company with little notice – which then meant that the site was subsequently shut down abruptly and gamblers were unaware of what was happening. The reason for the license withdrawal is still a bit up in the air – many in the industry assume that the Loteria Nacional pulled the license in response to news that Buenos Aires’ provincial government may ban online casino gambling.

The new legislation is already drafted and may very well push through – if it doesn’t however, there is no indication at this point whether Formoapuestas will reopen its virtual doors for business. In the mean time, the pending legislation is likely to slow the flood of online casinos eagerly looking to enter the South American market. GambleCraft will give additional details as they are released about this situation – gamblers can expect the new legislation will really only affect the provincial area of Buenos Aires if it does pass.