The Mexican gaming sector ready for internationalization

At present, they are working on carrying out an improvement and updating of the Federal Law on Games and Sweepstakes, they also plan to carry out new State policies, which are more flexible with the demands and demands of the industry, since the world of casinos in The Mexico line is full of options with national and international label operators.

Mexico studies offering a casino industry for international tourism

In March 2023, the III International Betting Convention was held, there the president of the Association of Permit Holders, Operators and Suppliers of the Entertainment and Gambling Industry (AIEJA), Miguel Ángel Ochoa Sánchez, made public that the industry of games of chance in the country is ready to offer a service of international stature, since it is estimated that in a period of 7 years online games will experience a growth of 100%, while for physical game rooms a growth potential up to 30% in the same time.

In fact, it is estimated that the gaming industry in Mexico receives around $500 million dollars, with an annual increase of 10%. This makes it the second largest market in Latin America.

With these numbers and with the exponential growth, AIEJA affirms that the Mexican market is ready to compete with large markets such as New York, Chicago and even Boston, since, in Cancun, Los Cabos and Acapulco, a climate can be offered warm during icy storms in the mentioned cities, the weather and the vast in-game offerings in tourist areas can be the perfect tourist attraction.

However, they still have some challenges such as the improvement of the Federal Law on Games and Draws, they must also work on a new State policy to make the laws more flexible, since in the country regularization is carried out through a law which have been approved for several decades, but which in 2013 underwent a modification that allows it to adapt to the present. Under these laws, they have worked to dismantle fraudulent gambling halls and thus guarantee security for both tourists and locals.

They also face the challenge of designing a tax reform in which a single tax is created that is distributed in a fair percentage among all the entities that regulate the activity.

More than 400 gambling specialists met at the convention and the main task that Mexico has to expand the industry is to work on the laws to fight against illegal gambling, as well as correctly distribute tax revenues, which although in the The last quarter of 2022 had a drop, for this 2023 positive numbers are expected and considerable growth in both online and physical gaming.