Wednesday, December 10, 2014

México’s New Gaming Law

mazmessenger.com
Last Friday México’s Chamber of Deputies voted 297-32 in favor of the new law regulating gambling in México.
Mexican media reports that the new gambling law raises the minimum age for gambling to 21, and will battle money laundering by imposing limitations on unauthorized back room gambling proliferating in the country in what are known as “mini-casinos.”
In an interview, Deputy and Former Chairman of Mexico’s Special Commission on Casinos Ricardo Mejia Berdeja said that legislators and representatives of the Federal Government hammered out all remaining differences as of a November 4 meeting.
The law provides for a 10-year licensing system, regulation of online gambling, and the establishment of a new Advisory Council to oversee the regulation. This Council will be comprised of secretaries from the health, tourism, economics and government offices, who will be cooperating with representatives from non-governmental organizations as well.
Although swift approval by the Senate was expected, yesterday the Mexican Senate’s President, Luis Miguel Barbosa, announced that new gaming law will not be passed until the next legislative session.
Barbosa said that the “environment and willingness” to debate the issues was getting “complicated” given that the current session ends on December 15.

(from I Gaming Business)

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