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
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.