Comprehensive Overview Of Latam Gambling Market From Antonio Salord Dominguez
Antonio Salord Dominguez, the gambling consultant with the focus on Latin American countries, has provided valuable information about the current state of the iGaming market in this region. Find more experts&rsquo; insights and useful articles in the latest news about gambling from LoginCasino.org. Antonio, as far as we know, Brazil lags behind other Latin American countries regarding the casino and betting sectors. What are the main reasons for this? During the last year, we have been working to regulate online gambling in Brazil. This is one of the markets with the greatest potential in the Latin American region. The main European operators are looking for new markets due to the existing competition, and they see Brazil as a very attractive market to start operations. We have seen an increase in the number of operators in Brazil who have started operations, thus ensuring their presence in the market once it is regulated. There are currently thirteen Series A soccer teams that have some kind of sponsorship with a betting house, which indicates that operators are betting heavily on the betting market in Brazil. What countries in this region have the most relaxed regulations for the gambling industry? I personally believe that Peru is the country where there are fewer restrictions at the regulatory level, except for the activity of land-based casinos where there are regulations and supervision. In Peru, online gambling is not regulated, however, it is legal to operate sports betting and any type of gambling. Therefore, we are facing an unregulated market, but gambling activity is legal. On the other hand, sports betting can be operated through retail outlets and is not subject to any regulation. This legal framework makes Peru a very attractive market for operators, where they can operate legally and there is no gambling tax. However, operators in Peru are working to have the regulation implemented as soon as possible. In your opinion, what Latin American country has the strongest potential for the development of the casino sector? Land-based casinos represent a very important economic activity in the region, especially in Mexico, Peru, and Chile. However, if we focus on the online casino, there is a huge potential in all the countries of the region. During the confinement, we have seen an increase of around 200% in online casino products and the need for operators to improve the product offering of this type of vertical. The future of casinos is online, so it is a great opportunity to make the jump to the digital world. The successful case of Colombia has inspired other LatAm countries to consider the legalization of sports betting. Who will be the next to make this sector legal?