|Tuesday, March 14, 2006|
|Off-shore betting website licensed in Argentina|
Costa Rica based Betonsports.com obtained license to operate online gaming in the province of Formosa. It will be marketed under the name Formoapuestas.com.ar and is operated as a joint venture with a local gaming company.
The license is still contested by the national lotto organisation, which claims to have an exclusive right to offer sports betting in Argentina. According to the lotto, there is no means to verify how much one gambles on this new website, what gains the company obtains, what prizes are paid and how much control government has.
Betonsports.com is the secong off-shore operator to enter the Argentine market, after Sportingbet's Miapuesta.com.