Further to our article “Seven years of disorder in Mexican casinos” of last week (see link below), and to our relevant comments on Latin America in the Casino International Calendar 2012, page 18, (see link below), I have been visiting Mexico to check out gaming operations developments since 2001, when as part of an investment group we were invited to open slots operations in the country. As gaming professionals with several decades in the industry, our Las Vegas-based group obtained an insider’s view of operations in Mexico then.
In those years, the only way to operate gaming properties, like they did in Monterrey, was through the use of legal recourse to Mexican habeas corpus judicial processes, which we considered a bit too risky to engage in, and as our funding has SE controls we just took a rain check to see how gaming developed in this great nation.
We have been in an out of Mexico since then and, as everyone knows, there are no secrets to uncover to see how gaming operations have progressed in Mexico. To date, casinos use the betting and lotteries regulations tag to comply with current legislation under the accommodating gaming regulators or permit issuers. Suffice to say that whenever a group has asked me to consult for ventures in Mexico, a no go report has been the result as the legal situation of gaming permits is not clear.
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It has befallen on a 52 death tragedy at the Casino Royale in Monterrey for the Mexican government to raise the voice of alarm on the legal situation of many local casinos. However, this has given a free rein to a an incessant attack on all gaming operations in Mexico by the usual detractors and some new ones thrown in, as election fever raises the temperature of politicians seeking media prominence. Our editorial in the link is critical of media irresponsibility and here at CasinoCompendium we offer our support to all regulated businesses that engage in responsible gaming through and through. (E-09.14.11)
http://www.casinocompendium.com/rcmUniversal.html
http://content.yudu.com/A1tcbn/CasinoCalendar1112
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