At Long Last, Mexican Live & Online Gambling Legislation Arrives Casino Reports
go to original November 12, 2014

Mexico has apparently reached an agreement on gambling legislation. An arduous months-long process has concluded with National Action Party (PAN) and the Party of the Democratic Revolution (PRD) forging an agreement to implement a new legal framework for live and online gambling punctuated by new protections targeting money laundering.

Key New Measures

Mexican media reports that the new gambling law raises the minimum age for gambling to 21, and will battle money laundering by imposing limitations on unauthorized back room gambling proliferating the country side in what are known as “mini-casinos.”

In an interview, Deputy and Former Chairman of Mexico’s Special Commission on Casinos Ricardo Mejia Berdeja said that legislators and representatives of the Federal Government hammered out all remaining differences as of a November 4th meeting.

The law provides for a 10-year licensing system, regulation of online gambling, and the establishment of a new Advisory Council to oversee the regulation. This 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.

Read the rest at Casino Reports

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!