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Habanero Cleared to Enter Buenos Aires as a Game Supplier
Habanero will enter Argentina’s gambling market after receiving certification to supply games in the country. The online casino developer received a license from the Lottery of the City of Buenos Aires
LOTBA Approves Habanero in Argentina
Habanero is now free to supply games in Argentina. This is after the developer received a license from the Lottery of the City of Buenos Aires (LOTBA). The license means Habanero games can be supplied in Argentina.
Some of the titles Argentinian gamblers can look forward to include Candy Tower, Marvelous Furlongs, and Return to the Feature.
But Habanero is no stranger to Argentina’s gambling market. The game developer was already in the market but in land-based casinos through online operations.
Vera Motto said receiving the green light from LTBA is crucial for the company’s next level of growth in the country. The official expressed the company’s delight at the opportunity to offer the developer’s products to gamblers in the City of Buenos Aires.
The business development executive also termed Argentina as the most exciting region in terms of iGaming. Motto added the company is looking forward to sealing partnership deals during its stay in Argentina.
Habanero’s Recent Expansions in Europe and Latin America
The developer’s expansion is part of several in the past months. Habanero’s strategy has seen expansions in Europe and Latin America. The developer signed a partnership deal with Emara Play to extend its reach in both regions.
Emara Play is a content aggregator focused on Latin American and Spanish-speaking markets. The collaboration will give Habanero a chance to occupy a bigger market share in the two regions. Habanero received a license from the Spanish gambling regulator, Dirección General de Ordenación del Juego (DGOJ).
Earlier in the year, the game developer entered the Italian market. This was after it signed a partnership deal with BLOX. BLOX is a local gaming operator known across the Italian iGaming landscape.
Argentina’s Push to Regulate iGaming on Individual Level
Provinces in Argentina are now pushing to regulate iGaming on an individual level. The city of Buenos Aires already approved licensing criteria to regulate the industry. These regulations went live in February 2020.
The city’s regulator requires operators to have been in business for no less than two years. They must also rake sale revenue of at least ARS$100 million. Licensees also need to pay USD$30,000 as license processing fees.
A fixed annual license fee of USD$100,000 applies. A compliance guarantee of USD$2 million acts as insurance. LOTBA will deduct 10% of the operator’s revenue as taxes. These are just some of the criteria. But the gambling regulator of Buenos Aires said more regulations touching on marketing may be introduced in the future.
The leading gambling body in Argentina last week urged operators to shift to the .bet.ar domain name. It said this will build more confidence in the country’s regulated system.