Vibra Gaming becomes authorized by the LOTBA
The new year has started off with wonderful news for Argentine game and platform developer Vibra Gaming after news broke out that it has become authorised by the Lottery of the City of Buenos Aires (LOTBA).
Vibra’s random number generator (RNG) has been officially approved by GLI (Gaming Laboratories International), the entity that tries out and certifies games all over the world, making sure that this crucial component of the content distribution platform (RGS) is trustworthy and robust. This certification is an important step towards enabling games to be shared by operators in jurisdictions that require this level of technical standards and compliance, as is the case with LOTBA.
These services and products are provided to registered operators also approved by the regulatory bodies that are responsible of the Lottery of the City of Buenos Aires. Within a context geared towards adapting in-person experiences to virtual ones due to the Covid-19 confinement, in September 2020 the Legislative Council of the City of Buenos Aires altered a law intending to authorising online gambling in the City of Buenos Aires, hence enabling the utilization of online betting under strict regulations, for both the platforms and for the games running on them.
Moving forward, Vibra Gaming also provides various specific products to help out local businesses in their migration to the online market. These white-label products and platforms have the highest standards in the industry through the experience that the company’s directors have acquired while working for the European market. But because Vibra is based in Argentina, its tax and operating structure allows for a strong competitive advantage for casinos operating on a local and regional level.
In a comment on the news, Ramiro Atucha, CEO of Vibra Gaming, said: “We are so proud of this achievement, not only for having obtained the certification but also for becoming the first content developer from Argentina to do so. The approval process has been completely effective and successful thanks to the help of the Lottery of the City of Buenos Aires.”
Sebastián Vivot, manager of modernization and information technologies of the Lottery of the City of Buenos Aires, stated: “At the Lottery we are very excited that Vibra Gaming and other market players will be able to grow and that the industry will continue operating and opening up a new setting for online gaming and betting.”
This new online presence is currently getting prepared and the platforms and content developers will be getting ready during the first part of the year. “I believe we will be having the first active platforms by the first quarter of 2021,” added Vivot.