Months of negotiations have resulted in Mexico’s National Action Party and the Party of the Democratic Revolution forging an agreement in Congress for implementing a new legal framework for regulating the country’s land-based and online gaming industries.
Mexican media reports that the new law raises the minimum age for casino access to 21 and targets money laundering by imposing limitations on the unauthorized growth of so-called “mini-casinos“.
The law provides for a 10-year licensing system, regulation of online gambling, and the establishment of a new Advisory Council to oversee the regulations. The 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.
Fernando Zarate Salgado, who heads the Chamber of Deputies’ Commission on Gaming, said the new law will “put some order in the gambling world by regulating it and by fixing some issues we have now.”
