Mexico efforts to become a member of Casino Nations
August 7th, 2006 by casino free play
The news about casinos and gambling spread around the world. Consequently, lawmakers from Mexico try hard to abolish a 70- year- old law that prohibits gambling in this country. The Tourism Commision has requested the legislative body to legalize gambling. The bill is in the works at the moment. Next Congress meeting will take place in September. Maybe the discussions will finally lead to the acceptance of the bill. The legalization of gambling would certainly bring great profits to the Mexico’s Economy, which is in pure condition now. It is said that Casinos could produce a year income of $1.3. They could also earn $1 billion for the government by collecting money from taxes and licensing fees. Yet, in order to make the gambling beneficial, several steps would have to be taken. Firstly, side by side with the bill, a strong regulatory system would have to be applied. Such a system should be sort of protection before any kinds of deception in the casinos. It should guarantee professional, financial security in order to attract foreign investors. According to Frank Fahrenkopf, president of the American Gambling Association, without a strong and sure system:” no American licensee is going to take a chance of jeopardizing their license in the States to open a casino in Mexico.” Actually, the only Latin countries without casino spots are Mexico and Brazil.
