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Good News from Argentina

Good News from Argentina

The Latin American country of Argentina was the source of good news midweek as the Dow Jones news agency reported that plans are afoot to legalise and regulate Online Gambling.

Presidential Cabinet Chief Anibal Fernandez told Dow Jones Buenos Aires: "We're working so that this will become law within two or three months," adding that it could take longer and possibly up to two years.

Fernandez said that the move was targeted on combating illegal gambling that is already in existence. His comments come on the heels of speculation that the government would use online gambling taxes to make a contribution to the fiscus and help finance recently acquired rights to broadcast soccer matches.

Fernandez neither denied nor confirmed that gambling could be used to finance soccer. "That's another subject," he said in comments to reporters on the sidelines of a Council of the Americas conference.

The progressive Argentinian approach is in stark contrast to reports earlier this week (see previous reports) that Brazilian politicians plan to outlaw online gambling, deploying UIGEA-style tactics and ISP blocks.

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