AI Summary
Sign in to listen

Argentina: Buenos Aires lottery regulator adds two beneficiaries

A legal mechanism that channels provincial gambling revenue to nonprofit entities will benefit a school for children with motor disabilities and a special-education institute to its beneficiaries.

2 min read
Gonzalo
Key Points
The Instituto Provincial de Lotería y Casinos (IPLyC) added the Escuela Montessori and the Instituto de Psicopedagogía Especial (IPE) as beneficiary entities of Bingo La Plata
Under provincial law, bingo halls must direct at least 66% of gross gaming machine profits to the nonprofit entity holding the authorization, shared with the private operator running the hall

The Instituto Provincial de Lotería y Casinos (IPLyC) of Buenos Aires Province added two La Plata institutions as beneficiary entities of Bingo La Plata.

The Escuela Montessori and the Instituto de Psicopedagogía Especial (IPE) will receive gaming proceeds toward building improvements at both.

IPLyC President Gonzalo Atanasof visited the two institutions, accompanied by the head of the agency's Bingo Department, Andrea Wilde, and met with their leadership to review ongoing projects.

Atanasof said: “It is a pleasure to support institutions that have been working for inclusion for so many years and continue to carry out such important work every day. At Lotería, we want to continue strengthening these partnerships and providing the necessary tools to ensure that contributions reach those who need them most.”

The Escuela Montessori has operated for 42 years and serves more than 110 children and adolescents with motor disabilities. Funds from the Bingo will go toward the building work needed to strengthen its operations.

The IPE, founded in 1971, provides education and assistance to people with intellectual disabilities through its Escuela Ana Sullivan and a day center, serving more than 180 children, young people and adults. Its Bingo funding will go toward building adaptations required to advance its categorization with the national disability agency, ANDIS, a step that would let it access additional resources.

Under Buenos Aires provincial law, bingo halls are operated by private companies acting as “tercero contratante” under agreements with nonprofit entities that hold the gambling licenses. 

At least 66% of the gross profits generated by electronic gaming machines must be allocated to the nonprofit entity, with the proceeds then distributed between the nonprofit and the private operator according to the terms of each agreement. 

The framework was established under Law 11,018 in 1990 and subsequently amended.

The IPLyC earmarks revenue from other provincial games by law as well. Quiniela proceeds go to the Directorate General of Culture and Education, while casino operators pay a 35% canon on gross profit under a framework dating to a 1988 agreement with the state-run Lotería Nacional.

Good to know

Gonzalo Atanasof has served as president of Buenos Aires Province's lottery regulator since December 2023

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
CHILE

Casino tenders in Chile: No bids, no competition – where is everyone?

Chile's regulator declared two of its four latest casino tenders unsuccessful after receiving no bids, exposing a growing mismatch between municipalities' revenue expectations and what casino operators can afford to pay.

6 min read • • By Milagros del Priore
GiG analysis

GiG: From B2C to B2B and back again

GiG Software is returning to B2C with its planned acquisition of 888Africa, betting on Africa’s growth potential despite the region’s regulatory uncertainty.

3 min read • • By Marieta Lezaic
Palms 2

Review: Palms Casino Resort unveils new non-smoking gaming space

The Tribal property hosted a grand opening ceremony and the ‘Spin It Forward IGT Celebrity Charity Slot Challenge’ on September 1 to mark the debut of its non-smoking gaming space.

4 min read • • By Kirk Geller

In The News

View All
Bill Simmons Investigation
[ELEVATED IMPORTANCE]

The Ringer Founder Bill Simmons under investigation for proxy betting with FanDuel account

FanDuel expanded its partnership with The Ringer – currently owned by Spotify – during April 2023, while Simmons remains under investigation by the Massachusetts Gaming Commission.

· Responsible Gambling + 5