New Amendments to the Mexico Gambling Law to Be Introduced
Spokespeople of a political party in Mexico, the PRI, recently revealed that regulators are expected to adopt a decision regarding how they are going to amend and supplement the current online gambling law. The new gambling reform measures could impact agents who want to buy casino software and open online casinos, taking into consideration that the new law will set special measures regarding the licensing regime for operators who hold licenses for either brick-and-mortar or internet gambling sites.
Several key aspects stated in the proposal made by the PRI include measures against money laundering, underage gambling and gambling addictions. Furthermore, the PRI proposed that a new National Gaming Commission should be created in order to properly regulate the system and also to protect consumers of the industry by offering a channel for customer complaints.
PRI Senator Verónica Martínez Espinosa explained that, at this point in time, Mexico needs to introduce new amendments to its gambling law, being in serious need of reform. Despite that the latest changes in the gaming and betting regulatory framework were made in 2005, when the government decided to allow slot parlors, sports betting and bingo in the country, Martínez Espinosa said that a new licensing regime will reflect Mexico’s current gambling industry.
BY CASINOWEBSCRIPTS PUBLISHED 4 September 2013