What Does Gambling Look Like in Latin America?03 November, 2020
Gambling is a multi-billion dollar industry. It is legal and popular in Europe, Australian and some parts of South Asian and East Asian countries. In the US, things are slowly looking promising for the future of the sports betting industry. People think gambling will have a more liberal outlook in the Latin American industry. All thanks to the glamorization of gambling in the Latin American films, music videos and pop culture. But the reality is far from it. The gambling industry faces a lot of scrutiny and moral judgments from the general public. It is somewhat going through a rough and turbulent phase in these places. But it does not indicate that the future of gambling is bleak. In fact, many gaming operators are keen on capitalising the untapped potential of the South-American market. The gambling industry is expected to see exponential growth. The good news is that there has been a proliferation of online gamble sites in such countries. The online gambling industry is predicted to grow and expand as the technologies are becoming more advanced in the South-America regions.
There are many online sites for players to choose from and play. Since Spanish is the most spoken language here, many games are available in this language. This helps the players to relate and participate in the activity. The rise of the smartphone market accompanied by the increased usage of the smartphone devices have been other reasons contributing to the growth of the online sites. They can now have access to a wide variety of table and card games ranging from darts, bingos to Poker, Blackjack, Slots etc. It has been observed that slot games are popular among Latin Americans as they find it fun and easy to play. They also find it an easy way to make money within a short time. Winissimo is an online platform which has a varied range of slot games so that the players have full freedom to choose a game of their own choice. Winissimo mobile slots, as the name suggests, are designed for smartphone devices. These games can be easily won with a slick combination of luck and good strategy. There are people in the Latin American countries who derive fun and a sense of pleasure whilst gambling. One of the reasons why there is a huge scope of the gambling industry to grow massively within the upcoming years. The process becomes less complicated when gambling will be legalised in the South American countries. It’s important to see how two popular countries of South America- Brazil and Argentina.
It will be interesting to know that one of the largest countries in the Latin American region has declared gambling illegal in 1946. From then onwards, all kinds of gambling including casinos and sports betting are seen as illegal and unlawful activities. If a person is caught engaging in any such activity, she has to pay huge amounts of fines and in some cases may even get arrested. However things are looking hopeful. A bill has been passed with the promise of legalising sports betting in the country in December 2018. It is yet to be converted into legislation. The Government has realised that the legalisation of the casino industry will provide 500,000 jobs to people and generate approximately an annual revenue of $ 15 million towards the economy.
Unlike Brazil, Argentina has been very open and accepting of gambling and sports betting. A person will find casinos and gambling centres within the cities of Argentina. The only disadvantage of gambling here is the non-availability of sportsbooks in casinos, which is one of the reasons why people have set up offshore sportsbooks accounts. Buenos Aires, one of the largest cities, in Argentina houses one of Latin American’s largest casino Casino de Trilenium which is not only an architectural masterpiece but also home to more than 2000 casino games.
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