DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7c7ea3/latin_american_gam) has announced the addition of the "Latin American Gaming & Gambling Report 2011" report to their offering.
This report covers detailed information relevant to the gaming and gambling opportunities offered by the largest or most important gaming and gambling countries found in Latin America which include Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Peru and Venezuela. It also covers highlights of smaller gaming and gambling markets found in Nicaragua, Paraguay and Uruguay.
This report offers a comprehensive country-by-country account including:
- Country Overview: With information on location, population, the economy and the political environment.
- Supporting Infrastructure: With information on relevant infrastructures for the gaming and gambling industry such as tourism, communications, foreign investment and payments.
- Gambling and Legal framework: With a detailed explanation of the current legislations in the industry, its key regulating bodies and associations as well as the gaming taxes imposed.
- The Gambling Market: With an overview of each countrys gaming market, size and specific gaming activities as well as opportunities broken down into casinos, lotteries, bingo, betting and online gaming.
- Gambling Advertising: With a comprehensive study of all advertising regulations affecting the gaming and gambling industry in each country.
EXECUTIVE SUMMARY
WHY LATIN AMERICA ?
With all the changes around the world restricting gaming and gambling, Latin America presents growing opportunities for investors, operators, equipment and technology suppliers and many more within the gaming and gambling industry.
The Latin American region has 33 countries with a total population of circa 569 million which dedicates a large proportion of their income to gambling.
Land-based gaming and gambling activities have traditionally been closely linked to the tourism industry and Latin America is a region which continues to successfully attract tourists every year. Travel and tourism in Latin America in 2010 generated approximately US$200 billion of economic activity and is expected to grow by 5.1% per annum between 2010 and 2020.
The existing telecoms infrastructure and Internet and mobile penetration levels in Latin America, provide interesting opportunities for mobile, Internet and Interactive TV gambling applications. Internet penetration in Latin America by 2009 was at 32.1%, reaching over 182.7 million people with a growth rate increase of 30% from the previous year.
Mobile phone penetration in Latin America by 2009 was well above the world average at 80% reaching over 469 million people. Despite the recent global crisis, Latin American countries are on a fast track to full economic recovery with the region benefiting from a 4 percent growth in 2010. The regions recovery is the second worlds strongest after Asia according to the World Bank.
Most countries in Latin America, with exceptions to Venezuela which in recent years has become a socialist republic, encourage foreign direct investments (FDI). Foreign investors usually enjoy equal treatment to domestic residents and in some countries are given added benefits. All of the above factors are crucial for international gaming and gambling investors seeking to enter the Latin America region.
THE GAMING AND GAMBLING MARKET
It is believed that if both the legal and illegal gaming activities were combined in Latin America it is likely that the region would generate over US$150 billion a year. The nine main countries included in the report generate combined revenues of over US$33 billion.
Latin Americans spend circa US$10 billion a year on gaming and gambling and it is also estimated that on average each inhabitant in this region spends US$250 a year. Experts estimate than in 10 years the whole regions external debt could be paid off with the money generated from gaming and gambling industry.
Costa Rica, Brazil, Mexico, Argentina, Chile, Colombia, Peru and Venezuela are considered to be the most prolific gambling countries in the region where slot machines, casinos, horse-racing, lotteries, bingo, Internet gaming and illegal gaming entertain millions of people each day.
Key Topics Covered:
- Why Latin America?
- The Gaming and Gambling Market
- What this Report Covers
- Extended Executive Summary
- Latin American Region Overview
- Country Infrastructure
- Gambling Legal Framework
- The Gambling Market
- Gambling & Advertising
- Key Bodies & Associations
For more information visit http://www.researchandmarkets.com/research/7c7ea3/latin_american_gam