Playtech can now offer its gaming products in Buenos Aires.
Playtech has been granted a gaming licence for Buenos Aires.
One of the First Buenos Aires’ Gaming Licences
The president of the Buenos Aires’ Provincial Institute of Lotteries and Casinos awarded online operating licenses to seven gaming companies. This includes the partnership between Hotel Casino Tandil and Playtech.
“We look forward to future success and growth in Buenos Aires and the wider LATAM region in the years to come,” the company stated.
Announced on 31 December 2020, licences were also granted to Argenbingo, in partnership with William Hill; Pasteko together with bet365; and 888 Holdings with Boldt.
Licensees will need to pay a single fixed fee of AR$65m (£565,000/€625,000/$768,000). They will also be subject to a 25% gross revenue tax.
The licencing process in the Argentinian province of Buenos Aires started 18 months ago. The criteria for selection included industry experience, financial capacity and data security.
Another Recent Announcement
Last month Playtech announced a new licensing agreement with global gaming leader IGT.
Under the terms of the agreement, Playtech is able to offer games in the United States. These are the games that include any of the features patented within IGT’s extensive US patent portfolio. IGT is the holder of the largest portfolio of slot game feature patents in the US.
The agreement represents a significant step in Playtech’s expansion into North America after they received a New Jersey license. In the previous year, the gambling technology company also went live with bet365 and across BetMGM’s gaming network.
Shimon Akad, Chief Operating Officer at Playtech, said that the agreement with IGT represents another significant milestone. They are continuing to grow their presence in North America and build on the momentum of the past few months.
“We look forward to offering the US market more of our market-leading software and technology in what is a rapidly growing US market”.
Nick Khin, Chief Operating Officer at IGT, is also happy to have reached the agreement with Playtech. They will provide them with access to the largest game feature patent portfolio in the US.
“Working in partnership with Playtech will help propel our collective innovation and growth, and further validates our significant IP portfolio”.