Latin America has a long history of parlor games and other forms of gambling that span centuries and continents.
Casino games have a long and rich history on this continent, as well.
In addition to Las Vegas and Monaco, casinos can be found in Mexico, Colombia, Peru, and Argentina, among other countries in the region, making them a popular pastime for both locals and tourists.
LATIN AMERICA’S ONLINE GAMBLING MARKET
Latin America could be considered the birthplace of online gaming. A Free Trade and Processing Act was signed in 1994 in Antigua and Barbuda, allowing new types of casinos like the first online casino.
A lot of growth has occurred in the online betting market since then, as it works to keep players interested in casino games like slots and combats any erroneous information or misperceptions.
Latin American countries have used outdated laws for some time – and even today in some countries. Online casinos and betting operations are being regulated by governments to make them less appealing as well as increase their national budgets through the revenue they generate from gambling taxes.
Technology, economic consolidation, a large Internet and mobile penetration (over the world’s average), with 5G supporting mobile growth, more trustworthy payment methods, and, as we previously mentioned, a newer regulation for the betting sector are all contributing to the sector’s overall improvement.
It is now a global leader in online gambling, thanks in large part to this region.
However, not everything has been done or said. The igaming industry in Latin America has enormous untapped potential, making the region an exciting place for online betting companies to monitor and invest in as regulation spreads.
INTERNATIONAL MARKETS IN EXPANSION
Because of this, Latam remains an enormous market for online betting operators and suppliers. However, because the region is so vast, certain countries have grown their online gaming industries more than others.
What is the current condition, and which markets have the most established infrastructures?
THE COLOMBIA AND MEXICO
With roughly 16-17 online providers, Colombia is the first Latin American country to have an entirely separate legislation for online gambling, which is currently selling between US$150 million and US$160 million each month.
It serves as a model for the rest of the world when it comes to online gambling laws and regulations.
Since 2016, when the gaming regulator ColJuegos began allowing online gambling concessions, the country has been doing a fantastic job.
Colombia is still one of the most forward-thinking nations when it comes to establishing a sound legal framework for internet gambling.
Casinos are allowed to operate in México, although not specifically internet casinos. This places the country in second place in terms of revenue. These licenses are being used by operators to sublicense pages and sell their products on the internet.
Currently, online casinos are not subject to any recognized regulations or legislation.
PER AND ARABIA ARE TIES
There are eight provinces in Argentina that allow online gambling, but they are the exception rather than the rule. Of those eight provinces, only one has a regulation allowing for the operation of online casinos.
Argentina’s capital city of Buenos Aires has recently begun work on a new set of laws.
Even in the context of gambling, Argentinian culture is more open than in other countries, making the country a market with enormous potential.
The Dirección General de Juegos de Casino y Máquinas Tragamonedas, which governs online gambling in Peru, does not have any specific regulations for online betting, but because it is not illegal, betting companies are operating and paying taxes.
UNK AND COSTA RICA
As a large country with a large populace, Brazil is a popular target for online gambling providers, but the country’s future is still unknown.
lt has a 2018 law, but it’s still in its infancy. For the past six months, they’ve permitted foreign operators to sell products in Brazil, but there is still no regulation in place to grant licenses.
Even though Costa Rica has a very tiny population, it allows corporations to set up shop in the country, but only allows them to sell their online betting platforms outside of Costa Rica’s boundaries.
In Latin America, you can play online slots.
At retail and online casinos, slot machines are a popular choice for gamblers. When building a storyline for a new game, we at Spinmatic keep the demands of the unique clients in mind. Because various gamblers from different parts of the world have varying tastes and expectations, we use our research to tailor our stories to meet those needs.
Spinmatic’s most popular video slots in Latin America are these:
Plata o Plomo: This slot has become a favorite in Latin America and around the world because to its strong animation and abundance of action. What’s the narrative about? Illegal money-laundering, drugs, and a bad guy… How long will El Patrón be able to evade the authorities before he is arrested? Plata o Plomo is a thrilling, but dangerous, world to explore! There are five reels, four rows, and 40 fixed paylines in this video slot game. It has a Moving Wild and a Bonus Game (Plata o Plomo).
Laundryman by day, unbeaten luchador by night: El Fuego (Spanish for “fire”). Emilio, better known as El Fuego in the ring, has two distinct personalities. The greatest wrestlers in history have all been defeated by him. Emilio invites you to join him in the raucous world of Lucha Libre! With a Lucha Libre theme with 5 reels, 3 rows, 15 paylines, a Wild with X2 Multiplier, and a Free Spin, El Fuego is a ferocious slot game. The game’s elements have been meticulously planned to offer a pleasant and inviting experience.
An evil llama in pre-Columbian Peru aims to derail a tribal feast by spreading mischief. Surely the daughter of a chief would be able to stop her pet from playing pranks. Slot machine with Inca theme and 15 fixed paylines and 3 rows of reels. Free spins and a wild with multipliers are on the way to make this a fun and rewarding experience for all players.
This game is inspired on the Mexican holiday known as Dia de los Muertos, which is celebrated by performing a “Danza de los Muertos” (a “Dance of the Dead”). Come join the fun, make sugar skulls for the altar, and eat traditional Mexican cake as we celebrate! With five reels, three rows, and 20 fixed pay lines, “Danza de los Muertos” is a conventional video slot. Free Spins Scatter, Stacked Wild with Multiplier, and Wild Nudge During Free Spins are among of the game’s special features.
If so, how confident are you in the market’s potential for online gambling? However, they have faith in their abilities. As a result, the regulations of every market are always changing and evolving.
GGR numbers for Latin America could be on the rise in the near future.
