Noticias de ultima
  • 12.00 PGS 2024: Top personalities and Peru as a Model in the Formalization of the Betting Market
  • 12.00 Brazil: CCJ postpones text that frees casinos and bingos to June 19th
  • 12.00 Brazil: Senate CCJ Vote: Legalizing Casinos Could Raise USD 8 billion
  • 12.00 Land Vegas will present its revolutionary technology at PGS 2024
  • 12.00 MANHATTAN BOOM: the big boom of UNIDESA
  • 12.00 New sale agreement approved for Riviera site
  • 12.00 EEGS Announces Second Part of their Exclusive Webinar
  • 12.00 Pay4Fun will participate in the Peru gaming Show 2024
  • 12.00 EGT Digital’s games won the hearts of Get’s Bet`s customers
  • 12.00 GLI Expands Cybersecurity Services to Meet Growing Demand
Gaming

International investments grow in the gaming and betting sector in Mexico

Friday 24 de May 2024 / 12:00

2 minutos de lectura

(Mexico City).- Total revenue from casino games exceeded 464 million pesos and an annual growth of 6.25% is projected, expecting to reach approximately 678 million pesos by 2027.

International investments grow in the gaming and betting sector in Mexico

In recent years, Mexico has been fertile ground for international investors interested in the gaming and betting sector. This industry, which has always been important to the local economy, now attracts the attention of entrepreneurs from various parts of the world, including countries such as Costa Rica, Panama, the United States, Canada, France, Italy, Austria and Denmark.

Miguel Ángel Ochoa, president of the Entertainment and Gambling Industry Association (AIEJA), revealed in a recent interview for Forbes Mexico that there is a considerable number of foreign investors, between 100 and 150, interested in investing in Mexico. He explained that this interest is motivated by the country's strategic position as a gateway to the North American market, in addition to other advantages, such as the reduced need for complicated visas and more favorable climatic conditions compared to those of large metropolises in the United States.

However, he said, entering this market is not without challenges. The lack of legal certainty has been a point of contention for many investors. During the SBC Summit Latin America 2023, Ochoa shared his conversations with Hungarian investors who expressed concerns about legal complexities, such as the need for legal protection to operate. Even on a specialized site where you will find the best operators there are concerns about regulations. The businessmen wondered how they could sue the Government of Mexico if they have not yet entered and already face the need to sue.

The sector has faced numerous restrictions from the government. In November, the Ministry of the Interior (Segob) announced a reform in the Gaming and Sweepstakes Law, limiting the opening of new casinos and the installation of new gaming machines and tables. This measure has forced operators to seek judicial protection to continue their activities, although so far no definitive protection has been granted.

Ochoa said that he remains optimistic about obtaining definitive suspensions that will allow business to continue as before the publication of the decree. He has stated that he hopes that all the remaining definitive suspensions will be achieved this month, projecting a final resolution by the end of the year. The gaming and betting industry in Mexico represents an attractive opportunity for international investors.

The platform offering is wide, including sports betting sites, crypto casinos and live entertainment options. Total revenue from casino games passed 464 million pesos and an annual growth of 6.25% is projected, expecting to reach approximately 678 million pesos by 2027. But the current situation requires that entrepreneurs and investors be well prepared to face the challenges. legal obstacles, while exploring the opportunities of a promising market.

Categoría:Gaming

Tags: Sin tags

País: Mexico

Región: North America

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

EGT & EGT Digital impressed at GAT Expo 2024 showcasing their innovative iGaming solutions

(Cartagena de Indias, SoloAzar Exclusive).- Ms. Silviya Marinova, Director of EGT Colombia, granted an interview to SoloAzar about the performance of the firm at the latest edition of GAT Expo Cartagena. She spoke about the highlights of the tradeshow, the latest innovations showcased including the Phoenix slot cabinet and the all-in-one betting platform X-Nave. She also remarked the importance of their presence in the iGaming Colombian market.

Wednesday 22 May 2024 / 12:00

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO