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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.


Tags: Sin tags

País: Mexico

Región: North America



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