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Stake launches online casino and sportsbook in Buenos Aires Province

Licences & markets

Stake said it has launched an online casino and sportsbook in Argentina’s Buenos Aires Province, operating through stake.bet.ar under a licence granted by the Provincial Institute of Lottery and Casinos. The company said local players can access both offerings through a mobile-first platform.

The launch gives locally licensed players in Buenos Aires Province access to Stake’s casino and sportsbook through a mobile-first platform.

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Regulation

Kicillof criticises online betting in Buenos Aires Province speech

Buenos Aires Province governor Axel Kicillof criticised online betting platforms during a political event in Avellaneda, according to a media report. He announced no immediate ban or changes to existing licences. The report said the province had recently introduced a 2% withholding on prizes from instant-resolution games, with monthly receipts projected at ARS35bn to ARS40bn; players bear the withholding, while platforms remit it as substitute taxpayers.

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