1xBet Gets Mexican Online Gambling License
1xBet recently got a Mexican online gambling license. The online gambling company has big plans in the South American country. The DGJS gave the Cyprus-based company its online betting license.
The DGJS supervises the gambling activity in Mexico. According to its Mexican website, 1xBet’s local subsidiary is Natural Entertainment. Also, its local partner is Sports Shows of the West. It first received its 25-year retail sports betting license in 1994. Then the DGJS extended it in 2018 until 2034. Also, it can open 30 more betting locations across Mexico.
In 2018, the DGJS authorized Sports Shows of the West to offer online sports bets through different domains, including Bwinsports.com, Theplayersclub.mx, Pokerstarsone.com, and Theplayersclub.org. All of them are no longer available today.
Mexican Online Gambling License
1xBet said its Mexican operations would focus on boxing and football. Based on bookie pay per head solutions sources, Mexicans love to bet on the two sports. However, the coronavirus pandemic caused the cancellation of most sports events. As a result, the Mexican site of 1xBet will focus on esports for now.
According to the online casinos group, the last major online operator to launch in Mexico was Bet365. In 2019, it announced its partnership with Ganador Azteca. Other major gambling firms with deals with local operators include Evolution Gaming, Kambi, and Playtech.
The present is the best time to start an online gambling operation in Mexico. Many players are going to online betting sites because land-based gambling operations are on lockdown. Grupo Caliente, the local partner of Playtech, had to shut down 41 gambling halls in the country last week following the state authorities’ orders.
The National Lottery of Mexico suspended all draws from March 29 to April 19. That way, Mexicans will not go to small lottery shops to place their bets. According to the National Lottery, they will honor tickets for canceled draws in the future.
If you are an online bookie in Mexico, make sure you maintain cash flow for your sportsbook. You should have enough cash on hand to cover wagers for at least two weeks.