Online Gambling Companies Set Eyes on Mexico Amid Market Regulation Delays Robert Johnson - Casino News Daily
go to original March 3, 2017

Europe has definitely made the greatest progress in terms of iGaming regulation and legalization. More and more EU member states have been adopting regulatory frameworks that have allowed them to regulate their online gambling markets in a manner consistent with the growing demand for online gaming and betting offering.

And while several US states have been trying to legalize and regulate one form of online gambling or another, several Latin American countries have made a solid statement that their iGaming markets may have reached the point where regulations should be introduced.

With population of over 120 million people, Mexico is the world’s largest Spanish-speaking and one of the largest countries in the Latin American region. It has been more than two years now that local lawmakers have been working on a new regulatory regime in relation to the way online gambling (and gambling as a whole) services should be conducted.

There are several major international iGaming operators to be running such services within the country’s borders, but they are operating in a gray zone with no explicit regulations of what is legal and what is not. In other words, online gambling is not exactly allowed in Mexico, but is also not explicitly prohibited. However, the status quo may change soon, or not so soon, depending on the progress Mexican legislators are to make toward the eventual regulation of the local market in the months to come.

And the fact that big industry players have expressed interest in the country’s market, and are currently providing services there, speaks volumes of the potential it may be holding.

...Even though the process of regulation advances more slowly than it should, it is important to note that iGaming regulation in Mexico is not a matter of ‘if’ but of ‘when’. And the popularity of this type of offering, the imminent contribution of tax revenue, and the country’s investment potential are believed to be those most important and solid backers of the above statement about the market’s future lucrativeness. It is now up to legislators to eventually implement much-needed regulation.

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