Will Mexico Approve Gambling Legislation in 2015?

Mexico is taking its time with the political approval of new gambling laws; however there is one industry expert that predicts finalization this year.

New laws made it through the lower house at the end of 2014 but progress slowed down when more pressing issues took precedence.

Miguel Angel Ochoa Sanchez, president of the Mexican Gaming Association, participated in a radio interview this week and noted his hopes for online and land gambling legislation to be approved by the Senate during this year’s September to December session.

Introducing a regulator could take a bit longer but with legislation approved there could be a $600 million land gambling investment with online gambling investments to follow.

Sanchez said that illegal operators are currently depriving government tax and licensing authorities of approximately $200 million per year.
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    sharpe

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    Will be great for Mexico if they decide that matter as soon as possible and if possible even this year. "with legislation approved there could be a $600 million land gambling investment with online gambling investments to follow" I think that says all for the benefits that the state would have if the new law is approved.
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    advoghado

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    I think the rules of the game through the Laws, will bring several benefits. Players can play peacefully knowing that you are not doing anything wrong, the government collects more taxes, the country receives more investments and groups of Casinos / Games can invest with confidence knowing they are in accordance with the law.
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    jade

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    Well, if one thing will get these legislators in gear it is knowing that "illegal operators are currently depriving government tax and licensing authorities out of approximately $200 million per year." I thought that the US was the one that was way behind the times, but stand in line, there seems to be to many countries to count.
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    iDark

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    That's not a bad news, Mexico could be the huge market. But there's one thing, why the things are running slightly. USA. This word means a lot of things. Not only drug wars or illegal immigration. USA has a huge gambling market patroned by very various reputation people. From gangsters to senators. Huge amount of money circulating. Remember Vegas. How much they are making through one year? Billions. Now, if Mexico will open the door to gambling legislation, there will be interesting things. Will see.
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    barebones

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    I agree with Catlicker, everyone just needs to get their legistlation in that way all parts will be happy- government because they will get taxes, casinos because they will be doing an honest work and players because they will be able to trust casinos. All countries go throguh this change and that's just something that needs to be done.
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    CATLICKER

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    Where have I heard almost this exact story before ? And again ? And again ? And again ? I know it isn't an easy task. But, IMO, the smartest, get the needed legislation the quickest !!!

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