Mexican gambling laws are due for a shake up, as the governing Institutional Revolutionary Party plan to propose reforms in the legislative session that has just got under way.
Currently, Mexican gamblers have to use foreign based websites should they wish to have a punt online, with the only online casinos in Mexico strangely catering for gamblers outside of Mexico alone. It’s no surprise, therefore, that the law is up for revision, but it remains to be seen what direction the government will take.
According to reports, however, the government is likely to follow New Jersey’s lead by restricting the award of licenses to land based casinos. This move could see a number of partnerships spring up between Mexican casinos and foreign online specialists looking to tap into a populous market.
This piece of gambling news also reveals that the law will contain measures against underage gambling, problem gambling and money laundering. There is no doubt that the Mexican regulations have been in need of a shake up for some time, something that the government has obviously identified.
The proposals would also include the set up of a new National Gaming Commission that would oversee the licensing, regulation and enforcement of the new bill, as well as dealing with consumer complaints. It would be the first change of Mexican gambling regulations since the 2005 amendment to the gambling laws originally drafted back in 1947.
With 400 legal land based casinos existing in the country already, there could be a big surge in online casinos in the near future, and the government is surely keen to take advantage of the profits these casinos could bring in. As such, the planned bill has gained support from across the political spectrum, helped by the included laws on problem gambling and other issues, no doubt.