Political unrest has
continued in Chile. In 2019, an anti- inequality social uprising led to its
worst unrest in three decades. President Gabriel Boric took
office in March 2022, half a year before a
referendum on a new constitution was rejected
overwhelmingly. A constitutional referendum is scheduled to be held in Chile on 17
December 2023, but polls have suggested the new document has little chance of being approved.
experiencing some of the largest protests in its history over controversial mining contracts. Tis comes after thousands of Panamanian protesters took to the streets in 2022 to demand that the government put a stop to rising inflation and corruption.
Political unrest has continued in Chile. In 2019, an anti-inequality social uprising led to its worst unrest in three decades leaving as many as 26 people dead over two months. President Gabriel Boric took office in March 2022, half a year before a referendum on a new constitution was rejected overwhelmingly. A constitutional referendum is scheduled to be held in Chile on 17 December 2023, but polls have suggested the new document has little chance of being approved.
With so much upheaval it is perhaps no surprise that gaming laws may often take years before
P28 WIRE / PULSE / INSIGHT / REPORTS
reaching the final vote and then might fall at the very last hurdle or languish in a committee. Delays, turnarounds and changes to existing gaming laws need to be examined with the often volatile nature of Latin American politics in mind. In addition, things can change dramatically as we are now seeing in Mexico. In November, the government of President Andrés Manuel López Obrador banned slots and effectively banned the casino industry in the long term. Te new rules also prohibit Mexican gaming firms from partnering with third- party companies.
Yet despite these difficulties lawmakers are making progress on several fronts and there is still plenty of room for growth in many markets and sectors. Tere could well be opportunities in Paraguay in the long term as lawmakers have presented a bill that would modify Paraguay’s gambling law
(law No. 1,016/97) to end the way the act allows for monopolies in certain sectors especially sportsbetting which is currently licensed to just one operator. In Argentina the government of Córdoba province announced that online gambling would final launch in January 2024 with the market divided between four licensed operators.
So what are some of the opportunities in Latin America going forwards? What is it actually like doing business in certain jurisdictions? How do suppliers tailor gaming content to Latin American markets? What role do operators and suppliers play when it comes to providing guidance for policy makers in the region?
In the region overall, leading suppliers are forming key partnerships with local operators either ahead of regulation or are already busy establishing
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