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Argentina Likes Online Casino Monopoly

The Argentinean online casino gambling market looks like it would be one of those rosy markets for the internet gambling companies – there is a high penetration of broadband internet use (the highest penetration in Latin America actually) and the population has expressed a pretty strong interest in the internet sportsbetting markets. There is one glitch in the equation though – the Argentinean government is not looking for any new competition in this market and has plans to hold on to the state-owned and operated internet gambling operations.

Some foreign online casinos and internet gambling companies have tried to enter this market without the express permission from the government and have encountered some tough situations with the local police and local governments using every possible regulation and legislation to keep the foreign companies from having equal access and rights in the market. Basically, foreign online casino gambling companies are kept in check by not allowing them full advertising rights. The state-owned companies on the other hand are flourishing right now as more and more internet users throughout the country login and try their luck at betting and gambling.

The Latin American market is ideal for the European online casinos that are looking for new markets and a bit of diversity in these tough economic times. Like Asia, Latin America is slowly emerging as a new frontier for the gaming industry – but the easing of previous restrictions is a slow process and many companies are straining at the bit with anticipation of new revenue sources.