South American Online Gambling Market Explored

Published Thursday, January 02, 2014 - Online-Casinos.com
South American Online Gambling Market Explored

The online gambling industry still has a long way to go before it exhausts all the available new markets yet to be explored. South and Central America are both set to be one of those markets that are on the verge of blossoming into a fully fledged money making venture for those willing to go the distance.

The current laws are the biggest obstacle for operators who want to set up shop in many if the region’s jurisdictions. The potential for profit is great and the effort of operators is considered to be part of the process.

Last year 2013 saw two major conferences related to the internet gambling industry staged in South America. Buenos Aires, Argentina hosted the largest gaming expo focusing on the market in Latin American and the first ever Brazilian Gaming Congress was held in Rio de Janeiro, a significantly smaller event that highlighted the potential gambling market in Brazil.

A recent article from CalvinAyre.com’s Rebecca Liggero highlighted the events through the experience of the Latin-American Manager for CasinoFantasia.com Mr. Victor Arias Lopez.

The gentleman was quoted as saying, “For the last 7 years of my career on the online gaming industry I have focused my research and work on the Latin-American market. It is really important to recognize the interesting growth and interest from the biggest companies all around the world to conquest a market with a population of over 600 million people in 27 countries which are having an important economic growth and the power of acquisition is getting better every day. As a result of these factors, the investors become more interested”

Brazil is on the list as having he most to gain from regulated online gambling but as Arias points out that won’t be an easy task. The usual requirements for customer protection, proper taxation and an open market approach are all mentioned as being factors the industry must address to be successfully launched. Brazil it was expressed has the most to gain but is slow off the mark.

Related news

Return to Latest News