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Argentina Reportedly Close to Legalizing Online Gambling


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These days there seems to be three kinds of countries – those that are in
favour of legalized and regulated online gambling, those that sit on the fence
and those that are whole-heartedly against online gambling. Fortunately for
online gambling fans in Argentina, their government falls into the first
category.

According to recent reports, Argentina could soon become the latest country to
legalize and regulate its online gambling industry and, in so doing, generate
millions of pesos in taxes for the government. This was confirmed in a statement
released yesterday by Argentinean presidential Cabinet Chief, Anibal Fernandez.

In it she said: ‘We’re working so that this will become law within two or three
months.’ Fernandez did, however, go on to say that the process could take
longer, even up to two years. Regardless, the move by the Argentinean government
to legalize online gambling is seen as a very positive move by the rest of the
world.

The Argentinean government is also rumoured to be planning to use some of the
taxes generated by online gambling to help fund its recently acquired rights to
broadcast soccer games. However, one of the main reasons why Argentina is
seeking to legalize the popular internet activity is to prevent illegal online
gambling.

When legalized, Argentina will join a growing list of countries that have
recognized that legalized and regulated online gambling ultimately benefits
online gamblers, online gambling firms as well as the government. The United
Kingdom is a country that has successfully legalized online gambling, and is
reaping the rewards.

On the opposite end of the spectrum is the United States which, by passing the
Unlawful Internet Gambling Enforcement Act (UIGEA) in October 2006, banned the
popular and lucrative practice within its borders. However, there is a new hope
that under President Barack Obama, the U.S. ban could soon be reversed.

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