Mexico: Casino profits dropped in 2011
In 2011, casinos gained us$ 589 million, what represents us$ 50 million less than in 2010, PricewaterhouseCoopers (PwC) estimated. However, the figure is still far superior to us$ 284 million obtained in 2006, and Mexico is the second country in Latin America with the highest profits, just behind Argentina.
After endorsing the PwC estimates, Miguel Angel Ochoa, President of the Association of Licensees, Operators and Providers of the Gaming and Betting Industry (AIEJA), assured that the negative trend of the year was heightened by Monterrey tragedy.
"Before the Casino Royale incident, we had already recorded low sales," said Ochoa, "but in the last quarter of the year, we saw with intensity the effects of the toughening policies in several states, which started closing casinos almost all day."
AIEJA President forecast a recovery for 2012, which would translate into higher incomes of between 15 and 20%.
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