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Casino

Mexico: Ruling party proposes an update on federal gambling law

Friday 28 de May 2021 / 03:02

2 minutos de lectura

(Mexico).- The· National Regeneration Movement (Morena), from the ruling party Mexico, proposed an update to federal gambling legislation to provide greater benefits to the industry and control regulations at the national level.

Mexico: Ruling party proposes an update on federal gambling law

Suggestion sent to Governance and Population Commission It will be discussed in the coming months with the aim of updating current regulations and helping fight illegal gambling.

In a speech, Congressman Eric Morales Morena argued that the current law is “outside the national and international context of gambling regulation” due to its prohibitive nature, which is slowing the further development of the industry.

Update Ministry of Interior (Segob) Regulates “sports events where prizes are awarded” as well as national and international bets.

This regulation applies to land and online gaming and betting operations. Penalties for companies that provide these services without a license are also included in the update.

In addition, the House of Representatives emphasized the report from Aiea. “At least sports betting is now a growing industry that produces 8.4 million pesos a year,” said an association representing licensees, operators and providers in the Mexican gambling industry.

Morena forecasts 25% to 30% growth in the sports betting industry, including the online industry, over the next 6-7 years by introducing new regulations.
As reported by the local outlet Línea Directa Portal, parliamentarians also said, “Few online casinos are officially licensed by the authorities due to the uncertainty caused by the abolished legislation on games and lottery. I shared it with.

Last month, President of Aiea Miguel Angel Ochoa Said during a virtual event hosted by a local General stations for games and raffle Mexico needs to focus on revitalizing the tourism sector through the gambling industry.

“Undoubtedly, updating federal gambling legislation is a strategic step towards growing the sector at the national level. By providing legal certainty according to our current needs, Mexico is the world. It can establish itself as a comprehensive tourist destination with the best level of betting services in the country, “he said.

“Implementing reforms that successfully integrate the voices of experts from different areas of society has indirectly resulted in a myriad of facilities, as 50,000 people were hired directly before the pandemic in addition to 120,000. It will open the door to sustainable economic growth, “added Ochoa.

Categoría:Casino

Tags: Sin tags

País: Mexico

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