Argentina To Regulate Online Gambling In A Hurry

Argentina is on the fast track to regulating online gambling and online casino games. They are following in the footsteps of a number of countries around the world who are have recently passed, or are in the process of passing, legislature to legalize online casino gaming.

The Presidential Cabinet Chief of Argentina, Anibal Fernandez, says that the government wants to regulate online gambling in order to curb illegal and unregulated offshore casino operators. However, it is rumored that Argentina isn’t turning to regulation of online casino gambling just to give Argentineans the option to play online casino gambling games “close to home”. Rather, the major impetus in online gambling regulation in Argentina seems to be soccer, or what the Argentineans refer to as “futbol!”

This past year, the Argentinean government took over the soccer television broadcast rights from the cable operators. Allowing Argentineans to bet on soccer games online is a great way to bring in revenue to pay to televise these games. This could account for the fact that within a year Argentina has made a drastic 180 chance from looking to ban online casinos and online gambling to wanting to legalize and regulate it as soon as possible. Anibal Fernandez said, “We’re working hard so this will become law within two or three months.” However, though they are trying to pass the legislation as quickly as possible, Fernandez also noted that it could take as long as two years until online casino gambling is legalized and regulated in Argentina.

Each time a new government decides to pass legislature to legalize and regulate online casino gambling it is a great step forward for the online casino industry as a whole. With each new bill that is passed, the rest of the world sees that Internet casinos can be regulated and run safely and effectively. Many online gamblers are playing at offshore-operated online casinos.

Turning control over to the government ensures responsible gaming and additionally, online casinos are turning out to be a great way for governments to earn extra money in tax revenue, which is especially important during the current economic crisis. Therefore, many countries are turning to regulating online casino gaming, giving gambling enthusiasts the opportunity to play games like casino blackjack, casino slots, roulette, craps, video poker and other online casino games.

If and when Argentina succeeds in regulating online gambling, it could have a domino effect on the rest of the world’s online gaming stance. Many church groups, live casinos and racetracks and bookies do not support online gambling.

However, there are still a number of other countries, including the United States, which are in the process of passing similar online casino legislation. United States lawmakers could use Argentina as a precedent for their own bills to regulate online gambling and wagering in online casinos, online poker rooms and other online gambling wagers.