Lotería de la Ciudad de Buenos Aires (LOTBA) has granted approval to iSoftBet, marking the online gaming provider’s entrance into the Argentinian market.
iSoftBet stated that gaining LOTBA approval is a ‘huge milestone’ for the expansion of the company, allowing the firm to reach a new customer base and operators in the region.
With Argentina having a ‘rich culture’ for land-based casinos, the online gaming provider targetted the region for strategic expansion given its portfolio of igaming products.
Mark Halstead, Compliance Manager at iSoftBet, said: “Becoming an approved supplier with LOTBA is absolutely vital for our next phase of growth in Latin America, and we are thrilled with the opportunity that we have been granted.
“As one of the most exciting emerging regions in igaming in recent years, we look forward to providing players in Argentina with our products and hope to secure more business in the region in the months ahead.”
As part of the application process, the firm had to prove that it had a track record of ethical practice and, with no other parameters other than at least two years of operations, LOTBA approved the bid.
Following the LOTBA approval, iSoftBet is now active in 21 territories and the latest regulatory landmark follows on from other deals secured in recent months including Universal Soft and Sellatuparley in Latin America, LeoVegas in Italy, and Jokerstars in Germany.