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Will Mexico Finally Regulate Online Gambling This Year
Friday August 14,2015 : WILL MEXICO FINALLY MANAGE TO SORT OUT GAMBLING REGULATION THIS YEAR?
Online and land gambling sectors will be affected by new laws...but it's taking longer than anticipated.
The political approval of new gambling laws in Mexico seems to be taking a remarkably long time to achieve, but at least one industry expert feels that there is a chance it could be concluded this year.
The new legislation passed the lower house in late 2014, but hopes that it would continue to make progress this year were dashed as the political agenda filled up with more pressing matters.
Miguel Angel Ochoa Sanchez, president of the Mexican Gaming Association, said in a radio interview this week that he hopes and believes that the legislation, which embraces both online and land gambling operations, will finally be approved by the Senate in its September to December session this year.
Implementation, including the introduction of a regulator, will inevitably take up more time - probably well into 2016 or longer - but the knowledge that passage has been achieved could trigger land gambling investment of up to $600 million almost immediately, and further investment is anticipated for the online gambling sector, which the new laws will licence and regulate.
Sanchez claimed in his interview that it is important that the current illegality of online gambling in Mexico is addressed by licensing and regulatory laws, and that the current situation, in which internet operators are illegally active in the country, is depriving government tax and licensing authorities of around $200 million a year.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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