Argentina Reportedly Close to Legalizing Online Gambling

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.