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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 (£7.6bn) 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 (£7.6bn) annual revenues of the current gambling sector in the country.
Source: vegasslotsonline.com
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NOVOMATIC sets milestone for international growth with planned acquisition of French Vikings Casinos Group
NOVOMATIC AG signed an agreement to acquire the French casino group Vikings Casinos SAS, subject to certain conditions such as regulatory approvals.
With this strategic move, NOVOMATIC continues its international growth strategy in the French market and significantly expands its portfolio in one of the largest gaming regions in Europe. The Vikings Casinos Group, based in Falaise, is one of the leading French casino chains, operating more than 10 live gaming casinos throughout France, including on the Côte d’Azur.
“With the acquisition of Vikings Casinos, we are consistently pursuing our international growth strategy and strengthening our position as a leading provider in the European gaming market. With this step, we have successfully laid the foundation for further sustainable growth in France” explains Stefan Krenn, Executive Board Member of NOVOMATIC AG.
“The acquisition by NOVOMATIC opens up new opportunities for growth and further development. We are confident that the integration into such an experienced and successful company as NOVOMATIC will help us to further strengthen our position on the French market. This change will enable us to work even more efficiently and benefit from the resources and expertise of the new owner” emphasizes Luc Le Borgne, CEO of Vikings Casinos SAS.
The post NOVOMATIC sets milestone for international growth with planned acquisition of French Vikings Casinos Group appeared first on European Gaming Industry News.
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Three Big Game Parties – One Location! Tickets to viewing parties at the Plaza Hotel & Casino to watch Super Bowl LIX on Feb. 9 on sale now
Hotel room package offers discounted rates and $50 food & beverage credit
Tickets are now on sale to attend one of three Big Game viewing parties at the Plaza Hotel & Casino in downtown Las Vegas on Sunday, Feb. 9 to watch Super Bowl LIX. With three party options to choose from, there is an event for everyone to enjoy.
Held annually inside the Sierra Ballroom within the expansive convention space on the third floor, the Plaza’s Big Game viewing party includes a complimentary stadium food buffet and free buckets of beer. There will be a cash bar for all other cocktails. The game will be broadcast on giant high-definition (HD) screens located at every angle in the room. Football fans will also have convenient access to make and cash out sports bets with William Hill’s satellite betting stations. Doors open at 2 p.m. Tickets for the Big Game Viewing Party in the Sierra Ballroom are now on sale for $150 (plus taxes and fees) per person.
Guests can elevate their Big Game experience by attending the Plaza’s VIP Viewing Party held inside its intimate showroom on the casino floor. Guests enjoy an open bar through the end of the game and an upscale food buffet that rotates options every 45 minutes. Tickets for the VIP Showroom Party are $275 per person (plus taxes and fees).
The Sand Dollar Downtown will again hold its own Big Game Viewing Party for $35 per person (plus taxes and fees). Attendees will witness every thrilling moment of the game on the venue’s state-of-the-art HD screens. The Sand Dollar Downtown’s full cocktail, wine and beer menu will be available for purchase along with pizza from Pop Up Pizza.
All parties are open to guests 21 years or older. Tickets and more information about all of the viewing parties for the Big Game at the Plaza Hotel & Casino can be found at plazahotelcasino.com/entertainment/the-big-game-viewing-party/.
Guests who book a hotel room at the Plaza by Feb. 2 can save up to 20% on room rates for a two-night minimum stay anytime Feb. 3-12. The Plaza’s Big Game 2025 Room Package also includes a $50 food & beverage credit. Rooms can be booked online.
Fans also can watch the game at the William Hill Sportsbook on the Plaza’s casino floor. With 20 TV screens and a giant seamless HD video wall encompassing more than 80 sq. ft., football fans won’t miss a moment of action as they relax in the sports book’s inviting lounge-like atmosphere steps away from an adjacent bar. William Hill will have more than 1,000 ways to bet on the Big Game via various prop bets. Complete details are available in the William Hill Sportsbook at the Plaza Hotel & Casino.
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ACR POKER ANNOUNCES FIRST HIGH STAKES ADVENTURE OF 2025 TO TRITON POKER SUPER HIGH ROLLER SERIES ON JEJU ISLAND
Win one of two $110,000+ high-stakes packages to South Korea through ACR Poker’s Main Satellite this Sunday
Following last year’s unforgettable poker experiences in world-class locations, ACR Poker is raising the stakes once again with its first High Stakes Adventure of 2025, offering players a chance to compete against poker’s biggest names during the Triton Poker Super High Roller Series on Jeju Island, South Korea.
The High Stakes Adventure: South Korea guarantees two exclusive packages during ACR Poker’s Main Satellite on Sunday, January 26th at 2:05pm ET. Each package, valued at over $110,000, includes tourney buy-ins / entry fees for the Triton Poker Super High Roller Series on Jeju Island (taking place from February 26th to March 15th), plus business-class airfare, and 5-night luxury accommodation.
“In 2024, our High Stakes Adventures brought players incredible poker experiences in iconic destinations like Montenegro and Monte Carlo,” said ACR Pro Chris Moneymaker, winner of the $25K buy-in event at the 2024 Triton Poker Super High Roller Series in Montenegro. “We’re excited to kick off our first High Stakes Adventure of 2025 with the exotic Jeju Island in South Korea, and look forward to another year of unforgettable high-stakes poker adventures. Don’t miss your chance to take on some of the world’s best poker players for huge rewards.”
Alongside luxury travel perks, package winners will have the flexibility to use their $110,000 tournament buy-in budget across multiple events or go all-in on a single high-stakes tournament.
Set against the backdrop of South Korea’s stunning Jeju Island, ACR Poker’s next High Stakes Adventure offers players the ultimate high-stakes poker experience alongside various ACR Pros, Stormers and iconic poker players. Beyond the tables, players can enjoy the island’s unique culture, exquisite dining options, beautiful beaches, and scenic attractions.
Players can buy-in for the High Stakes Adventure:
- South Korea Main Satellite for $2,650 or qualify for less.
- They can enter two 3-Seat GTD Super Satellites this Sunday at 12:30pm ET with buy-ins of $630 or $290.
- Players can also buy-in to the Hyper tourney for $31.50 at 10:30am ET that day, which guarantees three seats to the $290 Super Satellite.
- They can also earn their $31.50 Hyper buy-in via the All-In or Fold (AIOF) Freeroll at 9:45am ET that day, with six seats guaranteed.
For more details on the High Stakes Adventure: South Korea, visit the promo page at ACRPoker.eu.
The post ACR POKER ANNOUNCES FIRST HIGH STAKES ADVENTURE OF 2025 TO TRITON POKER SUPER HIGH ROLLER SERIES ON JEJU ISLAND appeared first on European Gaming Industry News.
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