LatAm gambling industry figures debate tax rates and illegal-market risks
Five Latin American gambling industry figures have debated whether recent tax increases strengthen regulated markets or push players towards illegal operators. Gaming LatAm chief executive Carlos Fonseca Sarmiento argued that excessive taxes can benefit the illegal market; the discussion also included representatives from associations in Mexico and Chile, a lawyer and an adviser.
Tax levels may affect operators’ ability to compete with offshore sites, according to one participant in the debate.