Mexican President Andrés Manuel López Obrador has banned slot machines, however an election yr in 2024 may spell hope for on line casino operators. [image: Shutterstock.com]
Mexican President Andrés Manuel López Obrador has put his signature to a decree that makes a string of radical modifications to his nation’s 2004 gaming regulation.
The decree, which was revealed on the federal government’s official gazette on Thursday morning, bans sure on line casino actions, together with slot machines and desk video games. It names particularly “betting video games performed with playing cards… cube, roulette wheels or slot machines.” It additionally rescinds a number of provisions of the 2004 regulation that authorize “drawings of numbers of symbols via machines.”
Not solely that, the decree additionally prohibits Mexican gaming corporations from partnering with third-party corporations. This may stop Mexican licensees from teaming up with worldwide on-line playing manufacturers to function below their licenses – a standard follow presently. The time period of a Mexican gaming license may also drop from 25 to fifteen years below the brand new guidelines.
the modifications won’t come into place instantly
Regardless of the signing of the decree this week, the modifications won’t come into place instantly. New permits will adhere to the prohibitions, whereas present license holders can proceed below present situations till their permits both expire or attain a time period of 15 years. This provides present license holders a while to attraction the brand new guidelines, and a 2024 election yr may spell hope.
A brand new President is because of take workplace in Mexico after a basic election in June 2024. The ruling get together has appointed the previous Mayor of Mexico Metropolis Claudia Sheinbaum as its presidential candidate, and opinion polls say she is all but guaranteed to win easily. Her views on playing are unclear, however casinos can solely hope she gained’t be fairly as opposed as her predecessor.
Obrador’s cracking down on the playing business boiled right down to his disapproval of former President Vincente Fox. After taking workplace from Fox in 2018, Obrador claimed that his predecessor had allowed many casinos to obtain licenses via bribery and extortion.