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LATINO AMERICA


máquinas tragamonedas en establecimientos con permisos para la operación de centros de apuestas remotas y salas de sorteos de números, otorgados por la Dirección General de Juegos y Sorteos, dependencia de la Secretaria de Gobernación.


En su capacidad ejecutiva, esta administración saliente de


México trata dentro de sus facultades imponer cierto orden dentro de una industria que a gritos busca salir del entrampamiento generado por el ex presidente Vicente Fox y el ex Secretario de la Segob, Santiago Creel, quienes con un reglamento en el 2004 para la Ley de 1947, otorgaron permisos para la operación de múltiples salas de juego a un puñado de empresas.


Desde entonces, se han establecido en México casinos con permisos de la Segob, con permisos de terceros y con permisos amañados o falsos, y mientras algunas operaciones cumplían con la Ley de 1947, otras operaban juegos mediante la discreción brindada por la Segob, causando la elasticidad o lesión de la Ley de forma directa o indirecta.


En efecto, el Reglamento de 2004, por su naturaleza discriminatoria a favor de unos cuantos grupos de poder, no tuvo la inteligencia de modernizar la vieja Ley ni en la emisión de permisos ni en el control sobre los negocios autorizados. Si bien es cierto que los promotores del Reglamento buscaron una salida a la ineficacia del Congreso para emitir una nueva ley de casinos, esta salida fue tendenciosa y antojadiza.


In his executive capacity the


President’s administration has tried to bring a certain order to an industry still attempting to struggle free of the constraints imposed by ex-President Vicente Fox and the ex-Secretary of State Santiago Creel. They introduced a gaming regulation in 2004, added to the existing Gaming Law of 1947, authorising the operation of multiple gaming rooms by a handful of companies.


Since then casinos have been


established in Mexico with licences from the Segob, licences


from third parties, fixed licences and false licences. While some operators comply with the 1947 Law others operate gambling under the discretion of the Segob, allowing for elasticity or separation from the Law either directly or indirectly. In effect the 2004 regulation discriminated in favour of groups in power and had not the intelligence to modernise the old Law either in the emission of licences or in the control of the authorised operations.


Now the Mexican administration that finishes its term in a


few weeks has virtually legalised slot machines but has not had the courage to go a step further to regulate table games that include card games like Blackjack, Baccarat or Poker, and Roulette, prohibited under the 1947 law. The Presidential Decree has clarified what slot machines are, but has complicated matters with the exclusion - as slot machines - of betting terminals or other machines for sports betting or lotteries, unless they are authorised by the Segob and identified as such in the casinos or slots operations.


Chile’s Enjoy negotiates investment in casino Hotel Company


Towards the end of October Chile’s premier hotel casino


operator Enjoy advised the local Securities and Exchange Commission of its intention to buy a 45% shareholding of an unnamed Latin American hotel-casino company for US$310 million. Enjoy’s formal notice of the signing of a Memorandum of Understanding with the proposed seller caused some trepidation in the local SE where Enjoy’s titles dropped on Thursday 25.


The cause of the market loss by Enjoy was due to news of financing the proposed acquisition with a new capital issue of 75,000 million pesos, some US$157 million, although there was no further news about the mechanics of the operation owing to a non-disclosure agreement.


Enjoy has called an Extraordinary Shareholders Meeting with a view to increase the company’s share capital for November 12. The company’s half year report had revenue at US$150 million for 2012, an increase of 18% on the previous year’s equivalent period.


12 NOVEMBER 2012


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