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Mexico Plans Hearings
On Casino Legalization
Hoping to cash in on the worldwide popularity of Casino gaming, the
Mexican government is planning to hold a summit in February 2001 to
explore the possibilities and ramifications of legalized gambling,
according to Minister of Tourism Letecia Navarro. The Mexican Congress
has tabled several bills on gaming, casinos, and lotteries, and these
items will be revisited and discussed with civil authorities and other
interested parties at the summit.
It is certainly no surprise that the government is taking a long hard
look at revising their policies on gaming. Tourism is one of the mainstays
of the Mexican economy and the prevalence of mega-resorts on the Caribbean
coast and Mexican Riviera offer ready-made locales for addition of
gaming facilities. Casinos would undoubtedly impact local economies
and central government coffers as well. Not only would Casinos generate
increased taxes and higher employment, but service oriented business
would see major growth. Look for interest from major gaming entities
in the near future as Mexico gears up to expand its' tourist draw.
While some Nevada operators have voiced concern over the possibility
of Mexican gaming, Gambling Times feels that legalization will have
no negative impact on Las Vegas operations. In fact, opening Mexican
resorts to casino gambling should create greater interest in gaming
overall, drawing new clientele to "The Gaming Capitol Of The World."
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