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Mexican government confirms that no new permits for casinos were issued

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During one of President Andrés Manuel López Obrador’s regular morning conferences, details regarding the installation of new casinos were disclosed, providing an opportunity for the government to address the current situation and provide clarification.

With an eye toward the upcoming 2024 presidential elections, the government openly highlighted the shortcomings in the management of gambling hall licenses during previous administrations. Adán López Hernández, the Secretary of the Interior, led the presentation on this matter.

The official reiterated that the current administration has not granted any permits for casino operations. Furthermore, they specified that between the administrations of President Luis Echeverría and Ernesto Zedillo, a total of 229 permits were issued for casinos, game rooms, and raffles. The official raised concerns about the significant increase in casinos during President Vicente Fox’s administration, which witnessed the granting of 340 licenses. This represents the highest number of casinos granted in the history of the country and even surpasses the numbers of previous administrations. Notably, out of the 340 licenses, 153 were granted during the tenure of Secretary of the Interior Santiago Creel.

Moreover, the official clarified that during President Felipe Calderón’s government, 154 authorizations for casinos were granted, while during President Enrique Peña’s administration, 123 licenses were issued.

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“During the early stages of our administration, three permits were granted as a result of a judicial order, and currently, there is an ongoing legal process to validate a permit that was issued during the Felipe Calderón administration. This implies a total of 86 authorizations for operating 86 casinos.”

The Secretary of the Interior emphasized that in addition to those cases, there are five lawsuits challenging the validity of permits granted during Felipe Calderón’s tenure.

“Furthermore, we have a tax dispute that, based on our request, will lead to the revocation of a permit for Juegos del Bajío. This permit was also granted during the Vicente Fox administration, under the Secretaryship of Santiago Creel. Several operational irregularities related to tax evasion have been identified, and they are currently under investigation by the Federal Prosecutor’s Office.”

On another note, the official highlighted that an average of 15 to 20 inspections are conducted on casinos each month, resulting in approximately 250 inspections throughout the year. Additionally, during this administration, 47 illicit casinos have been shut down due to irregularities.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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FDJ’s Acquisition of Kindred Group Shaping the Future of Global Gaming

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FDJ’s acquisition of Kindred Group, facilitated by regulatory approval and strategic shareholder engagement, signifies a transformative moment in the gaming industry. This deal exemplifies the intricate balance between regulatory compliance, shareholder value, and strategic growth ambitions. As the industry stands at the cusp of further consolidation and innovation, the FDJ-Kindred transaction heralds a new era of strategic realignment and competitive positioning in the global gaming landscape.


A Monumental Shift in Gaming Dynamics

The Swedish Financial Market Supervisory Authority (SFSA)‘s approval of Française des Jeux’s (FDJ) offer to acquire Kindred Group marks a pivotal moment in the global gaming and betting sector. This green light not only accelerates FDJ’s strategic expansion but also underscores the evolving landscape of international gaming regulations and corporate alignments.

Navigating Regulatory Waters

The SFSA’s endorsement is a crucial step in FDJ’s ambitious acquisition plan, setting the stage for a public offer slated to commence imminently. This regulatory approval highlights the meticulous scrutiny and compliance standards governing mergers and acquisitions within the sector, ensuring that such transactions align with market stability and shareholder interests.

A Call to Action for Kindred Shareholders

The forthcoming Extraordinary General Meeting (EGM) represents a critical juncture for Kindred Group, with proposed statutory amendments necessary for facilitating the acquisition. This meeting, aimed at achieving the requisite shareholder consensus, signals the importance of shareholder engagement in steering corporate direction and strategy.

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The Path to Acquisition: Shareholder Conviction and Strategic Vision

FDJ’s pursuit of Kindred Group, contingent upon securing 90% of total capital, reflects a strategic maneuver to consolidate its position in the global gaming market. The offer per share, valuing Kindred at approximately €2.6 billion, has garnered unanimous board endorsement and significant shareholder backing, illustrating the alignment of strategic interests and the perceived value of this consolidation.

Activist Influence and Strategic Realignment

The role of activist shareholders, notably Corvex Management, in advocating for Kindred’s sale underscores the dynamic interplay between corporate governance and shareholder activism. Their successful campaign for board representation and strategic evaluation reflects a broader trend of active investor engagement in shaping corporate trajectories.

Implications for the Global Gaming Industry

This acquisition not only exemplifies the financial and strategic considerations underpinning such deals but also highlights the regulatory complexities and shareholder dynamics involved. As the gaming industry continues to evolve, driven by technological advancements and regulatory changes, the FDJ-Kindred merger serves as a case study in strategic growth, market consolidation, and the pursuit of competitive advantage.

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