Mexican government won’t award new casino licenses
Last week, Andrés Manuel López Obrador, the President of Mexico, announced that, during his six-year term in office, the government will not issue new licenses to operate casinos in the territory. Moreover, as reported by La Política Online, the government is looking to impose stricter rules on the industry, which generates 30 billion pesos (US$543.155.000) a year.
The decision is said to come as a friendly gesture to Cardenal Rogelio Cabrera, the current leading bishop of Mexico, given that the Catholic Church has requested on several occasions to end the opening of new casinos after Royale’s tragedy.
The decision was announced to the main local gaming industry leaders at a meeting headed by Julio Scherer, the President’s Office legal counsel. It will affect many key players in the sector which is currently dominated by two big groups: local firm Caliente and the Spain-based Codere.
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