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Latin American Gaming and Gambling Report 2011

218 Pages Divine Works February 01, 2011 SKU: DVWK6169850

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. 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 region’s 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. Costa Rica has the largest gambling market in all Latin America due to its favorable Online gambling policies generating US$14.5 billion a year. Brazil has the largest lottery market in the region generating US$4.1 billion a year and when combined with its slots and bingo (although illegal) generated gambling revenues exceed US $7 billion. Third place would be for Argentina who’s gaming industry generates US$4.5 billion a year. In Chile revenues are estimated to be at least US$600 million, Colombia US$2 billion a year, in Panama US$1.17 billion and in Venezuela circa US$1 billion is spent every year.

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Latin American Gaming and Gambling Report 2011

Divine Works
February 01, 2011

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