Mexico is playing a main role at Juegos Miami
Mexico could update its gaming laws and generate a powerful market with millions of players.
Mexico.- Juegos Miami created great expectation in Pan Latin American and Caribbean gaming industry. Most countries are preparing their sectors to face new proposals for their regulations and marketing campaigns and Mexico is at the top of the list. With great potential to be one of the most profitable markets, Mexico will be at the spotlight of the trade show in Miami.
“We have to take into consideration the existing opportunity in Mexico, being the second country in Latin America in terms of fixed and mobile broadband internet usage. Gamers are likely to play all type of games that fall into the category of games of chance and raffles, but specifically bingo, lottery, electronic bingo and table games,” explained Rodrigo Galvan, managing director at JSJ Gaming and one of the 30 eminent leaders who will give conferences at the event. Galvan will lead a regional roundtable at the inaugural Juegos Miami.
From May 31st to June 3rd, the Biltmore hotel in Coral Gables will host Juegos Miami, where representatives of major suppliers, regulators, manufacturers and authorities of the region will discuss the future of the emerging industry. As to Mexico, the business attraction lies on the 60 million internet users, 12 million fixed-broadband subscriptions and 11 million mobile contracts. The Caribbean country is among the world’s top 10 of most connected countries.
In addition, Mexico is going through debates phase to replace its archaic gaming laws. Online gaming could be declared legal for the first time after the approval of Chamber of Deputies in 2014. The regulation would state the introduction of a new regulator, the National Institute of Games and Lotteries. Furthermore, operators would have to base their servers in the country.
“The objective of the new law is to increase the tools for the regulator to control gambling activities and ban illegal land-based or remote operators. The approval of the bill would be a great mechanism to enhance the Mexican gambling market. Otherwise, the Secretariat of the Interior (SEGOB) has enough faculties to create secondary rules, which may have almost the same scope and effects. Despite the uncertainty, currently there are enough regulatory conditions to perform legally in Mexico,” added Galvan.
