GiG has launched an online casino in Buenos Ares with Grupo Slots
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Grupo Slots has launched its online casino and sportsbook in Buenos Aires. Codere Online and Bplay have also gone live. Super7 and BetWarrior are interested in taking part in the newly opened regulated market. Online gambling regulations in Argentina are handled at the state or provincial level rather than nationally. Grupo's business includes Jugadon.com and about 20 entertainment and leisure services in Argentine.
Grupo Slots and GiG finalized their agreement to provide online gambling services in November 2020. Gig provides everything from the online platform and proprietary sportsbook to custom solutions. With GrupoSlots GiGs has one of only 7 available licenses in Buenos Aires. Gi's CEO Richard Brown is excited to have gone live in the city of Buenos Ares with a prominent brand like Grupos Slot. He is proud to be one the early movers in this market.
The upside to operating in the near greenfield of online gambling markets in LatAm is Argentina's distinction as having one of the highest GDPs in South America and a population of over 45 million people with 75% internet penetration. The downside is a high inflation rate and unstable economy. Operators need to apply for, receive, and maintain licenses in each province that welcomes them.
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