When the Mexican Chamber of Deputies authorized gaming that is new later last 12 months, it seemed like only a matter of time before the issue was taken on by the nation’s Senate.

Despite some delays, the time for that debate seems to be coming, as one prominent official says he believes that the rules are passed prior to the end of 2015.

Mexican Gaming Association (AIEJA) President Miguel Angel Ochoa Sanchez told a radio station which he believes the bill are going to be passed sometime in the Senate that is next session which will suggest the legislation would be regarded between September and December.

New Bill Would Add On The Web Gambling Regulations

Among the regulations within the new bill is a clause that would see regulation visited Mexico’s online gambling industry, which includes previously resided in a grey area. That could be part of an overhaul that is complete of nation’s gaming laws, that have been final codified in 1947.

‘It is vital to us that the law can be approved in order to avoid illegality, corruption and above all, to ensure the safety of the ball player first, secondly of workers, and third of investors in order to produce jobs, generate investment and generate taxes for the national economy,’ Ochoa said in the radio interview.

Currently, reports suggest that the precise implications for the new legislation isn’t totally clear. However, in terms of online gambling, the statutory law does say that most video gaming servers must be based in Mexico.

That would suggest that in regards to online poker, Mexico’s regulated market would be working with a segregated player pool, where Mexicans wouldn’t be contending against players from other nations.

That would leave Mexican players by having a great deal less liquidity on their sites, and to an inferior extent, would also reduce the ball player swimming pools on many sites that are international.

However, it is far too early to be certain about the link between such legislation, since it has yet become debated, aside from passed. In addition, there are plenty of opportunities for lawmakers to amend the bill, meaning modifications of any type remain possible.

Law Creates New Nationwide Regulator

The key thrust of what the law states is to develop a new regulator for the country’s video gaming industry: the National Institute of Games and Lotteries. There clearly was no specification as to the tax rates that would be levied for online or live gambling underneath the new regime that is regulatory.

The new regulatory system is one which many individuals in Mexico believe is sorely needed. The Directorate General of Gaming over the past three years, around 100 casinos have been closed in the country due to questions about the licenses they were operating under, with some officials saying that the current system has caused disorder under the watch of the current regulator.

According to Ochoa, the lack of modernization in Mexico’s gaming guidelines has cost the united states about $200 million in economic activity each year, including assets, employment and tax profits.

Under the bill, the brand new regulator would have 240 days before it will have to begin issuing licenses, and thus if the legislation passes this year, it will likely be sometime into the last half of 2016 before it truly goes into impact.

The brand new gaming bill was initially expected to quickly pass last December. Nevertheless, the legislation was delayed after several priority that is high and constitutional amendments were introduced towards the Senate.