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Possible Change Coming to Mexico: Casinos and Gambling

5 July 2004

MEXICO -- As reported by the Brownsville Monitor: "...Since 1947, the Mexican government has prohibited casinos and gambling. However, with a recent push from several Congress members and representatives from the Reynosa Chamber of Commerce, that might soon change.

"There is an initiative now under review in the Mexican Congress that would revise La Ley Federal de Juegos y Sorteos, the anti-gambling law. Congress will vote in September.

"...Because gambling and casinos are illegal in Texas, there is a potential market for Rio Grande Valley residents to take day or weekend trips to nearby Mexican cities.

"...Despite the potential negatives, Mora believes casinos will be a necessary economic boost for Mexico.

"...Even if the Mexican Congress approves casinos, actual development still is about two years away, Patricio Mora, a member of CANACO, the Reynosa chamber of commerce said. He said he would seek investment from United States and Mexico-based companies.

"...While Reynosa's Calle Morelos probably won't be the next "strip" anytime soon, an increase in people traveling to Mexico is possible, said Tina Martin, owner of Scottie's Tours 'n' Travel in McAllen..."

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