The unexpected news has shocked the South American gambling market. Formoapuestas has been a reliable online casino with the good reputation working in Argentina for several years. But suddenly the players have known that the company stopped working, thought it had a license to offer online gambling service. It has been licensed by the Microgaming that is one of the most well-known and reliable software companies operating all over the world. It’s really strange that even the managing director hasn’t been informed about the problems until the license has been recalled.

The internet site has been just shut down and all the gamers haven’t had the opportunity to know the reasons, the Loteria Nacional in Argentina has withdrawn the license without any explanation. Nobody knows for sure why it has happened, but some experts suggest that the Loteria Nacional has decided to do it, because the provincial government of Buenos Aires may ban online casinos.

The new legislation has been already discussed and very likely it pushes through, the aim of this new law is to decrease the huge number of gambling sites which have flooded the South American market, because of the recent wave of online casinos ban all over the globe. Probably the new legislation will affect only the provincial area of Buenos Aires, but not the whole region. But in any case we can’t guarantee that Formoapuestas will be able to reopen the business and continue their work, even in a case if the law will not affect it.