[bsa_pro_ad_space id=1 link=same] [bsa_pro_ad_space id=2]

Skip to Content

Supplier News

Argentina – Buenos Aires’ floating casino investigated by Tax office

By - 30 March 2016

Inspectors from the Argentine tax office La Administración de Ingresos Públicos (AFIP) carried out a surprise on site inspection of the so called ‘floating casino’ in Puerto Madero.

Around 80 inspectors checked staff records and requested information regarding checks issued for more than 100,000 pesos. According to sources from the company the inspection at the floating casino, whose operation is run by gambling entrepreneur Cristóbal López, sought to verify the registration status of employees and the contributions of social security.

The news comes after it was revealed last week that an envoy of President Mauricio Macri had been sent to inform López that he has one month to repay a tax debt to the City of Buenos Aires of an estimated $4bn pesos. According to local daily Clarin, the debt has been accumulating since 2003 for gross income on revenue generated by slot machines located in the capital.

The establishment of casinos within the city has long been a divisive and controversial issue with both the city government and the national government vying for control over gaming. While serving as mayor, Macri tried to reach an agreement whereby casinos located in the city would pay back the long standing debt to the city but no agreement was reached during his term in office.
Meanwhile there is growing speculation in local media over a possible investigation into Cristobal López’s other business interests and his ties to the previous Kirchner administration.

López a self made businessman first began running gaming establishments in the southern province of Chubut in 1992 and then quickly expanded his gaming operations into the provinces of Missiones, La Pampa, Mendoza and then later Santa Cruz.

Share via
Copy link