Latest News
Mexico to regulate online gambling
Mexico has been reviewing its gambling legislation for regulating the online gambling sector. The legislators want to bring the online gambling scene in line with the rest of the gambling industry in the country.
With the economy in the country steadily improving, more people have disposable income that they can spend on the likes of gambling. Currently, Mexico has the second biggest gambling sector in Latin America, with revenues from gambling surpassing the $10bn (ÂŁ7.6bn) mark each year, with only Argentina ahead of them in the rankings.
While gambling has often been illegal in the country, and for many years there were no licensed casinos, it hasn’t stopped anyone from doing it. Scratch cards, cockfighting, and horse racing are all popular past times.
Advances were made in 2004 when a law from 1947 was altered – a move that allowed people to gamble in places outside of the facilities of the Secretariat of the Interior and led to an influx of investment from both domestics and international investors.
Soon, new casinos were all licensed and properly contributing to the tax system. Although the government still closely controls these new establishments, the casinos and slots halls are often operated by private companies, with some of them rivaling those in Las Vegas.
Changes abound in Mexico
One of the final pieces of the puzzle needed to bring the gambling sector in Mexico up to the speed with developed countries is their online gambling sector. Currently, online gambling in the country is not regulated.
People can use online casinos but, because there’s no regulation, it can be a risky business betting money with no guarantee that you’ll ever see your winnings.
There have been many calls to change the situation, and now it looks as if change may be on its way in the not too distant future. Currently, the county’s 1947 Federal Gaming Law Bill is under review with the aim of drafting regulations that would bring the online gambling sector in line with the nations other gambling organisations.
If this happens, it will be a big deal for investors and participants alike. Online gambling sites will be trusted and companies will be able to focus on long-term growth rather than worrying about what the future might hold.
Potential benefits of regulation
There are endless benefits to users of these online gambling sites if approval is given for the sector to be regulated. With so many participants in this space, the competition will be fierce to try and gain market share. This means that new players will be enticed with lucrative offers and bonuses. In the past, with the unregulated sector, a lot of these sites promising great rewards upon sign up could not really be trusted due to the lack of regulation.
Gamblers would tend to stick with a tried and tested party, rather than taking the chance elsewhere, even if the odds were a lot better on other sites. Regulation will inevitably lead to growth in the revenues of the leading regulated online gambling platforms, allowing them to pump more money into their offerings and the business as a whole.
This will enhance the experience for players, too. If changes are approved, these companies need to invest or else they risk being outshone by other market participants, especially those who will be entering the market from abroad. To date, the lack of regulation has meant a lot of established global online gambling companies have avoided Mexico, but this will not be the case once the regulation comes into effect.
It will also be in the interest of the Mexican government to introduce regulations, as they will be able to properly benefit from the taxes derived from online gambling. With the tradition of gambling in Mexico, this could be a massively lucrative market for all involved, and in the not too distant future, the online gambling sector could see its revenues bypass the $10bn (ÂŁ7.6bn) annual revenues of the current gambling sector in the country.Â
Source: vegasslotsonline.com
Source: Latest News on European Gaming Media Network
Reading Time: 1 minute
NAGKALOOB ang Philippine Amusement and Gaming Corporation (PAGCOR) ng Php50 milyon na tulong pinansyal sa National Bureau of Investigation (NBI) upang palakasin ang kampanya kontra illegal gaming, kabilang ang ipinagbabawal na Philippine Offshore Gaming Operators (POGOs).
Pormal na nilagdaan nitong Lunes sa PAGCOR Corporate Office sa Pasay City ang memorandum of agreement nina PAGCOR Chairman at CEO Alejandro H. Tengco at NBI Director Jaime Santiago.
Kasabay nito, ipinagkaloob sa NBI ang Php25 milyon bilang paunang bahagi ng ayuda sa ginanap na turnover ceremony.
Binigyang-diin ni G. Tengco na mahalaga ang partnership ng PAGCOR at NBI hindi lamang sa regulasyon ng gaming at pagkolekta ng kita para sa nation-building, kundi lalo na sa pagpapanatili ng integridad ng industriya.
“This morning, we are signing a memorandum of agreement that underscores the shared responsibility of PAGCOR and the NBI in promoting lawful, fair, and responsible gaming in the Philippines,” ani G. Tengco. “This assistance will defray the cost of food and expenses for POGO detainees, as well as support the Bureau’s legitimate operations against illegal gaming activities.
Dagdag pa ng PAGCOR chairman, sinisiguro ng kasunduan na ang taumbayan ang totoong makikinabang sa kita mula sa legal na sugal.
“Illegal gambling operators undermine our laws, exploit our people, and put our communities at risk. By working hand in hand with the NBI, we are sending a strong message that we will not allow unlawful gaming practices to persist,” giit pa ni G. Tengco.
Samantala, sinabi ni Santiago na malaking tulong ang suportang ibinigay ng PAGCOR upang higit pang mapalakas ang kakayahan ng NBI.
“The NBI welcomes PAGCOR’s assistance as it will enable us to step up our operations against illegal POGOs and other unlawful gaming activities. This partnership affirms our shared duty to uphold the law and protect the Filipino people,” pahayag ng opisyal.
The post Kampanya ng NBI vs. illegal gambling pinalakas ng Pph50M tulong mula PAGCOR appeared first on European Gaming Industry News.
Reading Time: < 1 minute
EGT Digital and efbet once again expanded their successful partnership, after the leading operator has added the provider’s gaming content to its Greek site. As a result, visitors to efbet.gr can now enjoy the top-performing slot titles from Bell Link and Clover Chance jackpots.
“We are very happy that our collaboration with efbet is so fruitful and after Bulgaria and Romania our games are available to their Greek customers as well,” commented Tsvetomira Drumeva, Head of Sales at EGT Digital. “I believe that our slots will captivate local players with their wide thematic diversity and numerous bonuses and will demonstrate impressive results that will cement our position as one of the operator’s most preferred providers of iGaming solutions.”
efbet team also expressed satisfaction with the deal: “It is of crucial significance for us to provide our customers with access to the best gaming content in all markets where we operate. Our partnership with EGT Digital is an important step towards achieving this goal. I am confident that their games in Greece will once again show an excellent performance, meeting and even outperforming our expectations.”
The post efbet already offers EGT Digital’s games to its customers in Greece appeared first on European Gaming Industry News.
Reading Time: 2 minutes
SOFTSWISS, a leading international technology provider with over 15 years in the iGaming sector, has developed a free online tool to help operators estimate budget components and time-to-market scenarios for opening an online casino in 2025. The Online Casino Cost Calculator turns SOFTSWISS expertise into a practical tool for early-stage business planning.Â
Designed to turn guesswork into structured planning for both newcomers and experienced operators, the Online Casino Cost Calculator offers a comprehensive cost analysis for opening and running an online casino.Â
The Calculator offers two modes – Quick Mode for high-level estimation and Full Mode for a deeper forecast. It enables the calculation of key budget components, including platform costs, game content expenses, payment processing fees, hosting charges, and marketing spend. Powered by user input, the tool delivers clear, structured insights that reduce uncertainty and accelerate partners’ go-to-market.
“We understand that support in the launching process is crucial. The Online Casino Cost Calculator uses a data-informed approach to deliver the clarity needed to make the right decisions. It gives businesses of all sizes the notion of how to explore new markets or start new projects, offering equal value to experienced operators and newcomers alike,” said Darya Autukhovich, Head of Casino Platform Business Operations at SOFTSWISS.
The Online Casino Cost Calculator makes the process intuitive with step-by-step guidance that shows how different inputs affect overall projections. To simplify deeper planning, it also provides a downloadable P&L template with projected revenue, costs, and profit over 12 months. Backed by SOFTSWISS hands-on experts, partners receive guidance at every stage – from business planning to launch and growth.
Following the successful launch of the Sportsbook Budget Calculator, SOFTSWISS extends its growing suite of expert tools. Among other recent initiatives is the Gambling Regulation Directory, designed to guide operators through the global regulatory landscape.Â
Â
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Casino Platform, the Game Aggregator with over 35,000 casino games, Affilka Affiliate Platform, the Sportsbook Software and the Jackpot Aggregator. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
The post SOFTSWISS Unveils Interactive Tool to Estimate Online Casino Costs appeared first on European Gaming Industry News.
Kampanya ng NBI vs. illegal gambling pinalakas ng Pph50M tulong mula PAGCOR
efbet already offers EGT Digital’s games to its customers in Greece
SOFTSWISS Unveils Interactive Tool to Estimate Online Casino Costs
Prepare to rack up piggy profits in Relax Gaming release Bacon Bankroll
Million Games Launches Halloween Queen – A Spellbinding Slot of Expanding Wilds and Supernatural Free Spins
Reflex Gaming delivers first-ever dual release with Devil’s Delight this Halloween
GamCare: Increasing numbers seeking support for gambling losses as reported debts reach over ÂŁ5m since January
FBMDS brings a western adventure to online casinos with the Desert Gold slot game
Winning Post Launches as the New Home for Racing Bettors
GX users hit the jackpot. Get the new Bruce Lee Pack for HITMAN World of Assassination with an exclusive Opera GX offer
-
Latest News2 months ago
Light & Wonder to Participate in the 2025 Australasian Gaming Expo
-
Latest News2 months ago
ReferOn Shortlisted for Acquisition & Retention Partner of the Year at SBC Lisbon 2025
-
Latest News2 months ago
Gavin Hamilton Joins Sports & Wellbeing Analytics as Chairman to Accelerate Global Expansion
-
Latest News3 months ago2025 PUBG MOBILE WORLD CUP KICKS OFF WITH GROUP DRAW AHEAD OF ESPORTS WORLD CUP
-
Latest News3 months agoHIPTHER Community Voices: Interview with the CEO and co-founder of Nordcurrent Victoria Trofimova
-
Latest News2 months agoCEO of MEDIA24 Interviewed: Industry Scams, Business Insights and SEO
-
Latest News3 months agoHIPTHER Community Voices: Interview with CEO of Media 24 Martins Lasmanis
-
Latest News2 months agoDigiPlus Backs Stricter Online Gambling Regulation
You must be logged in to post a comment Login