🔥In the spotlight of Latin America: what's happening with the economies of countries that have experienced regulations in the gaming sector?

🔥In the spotlight of Latin America: what's happening with the economies of countries that have experienced regulations in the gaming sector?

A Peruvian specialist portal published a summary, highlighting the important points linked to the economic state of countries that have recently experienced changes in gaming legislation. We use this information as a basis, adding a bit of context specifically related to gambling... and a fascinating study of countries.

#Brazil🇧🇷

🔣 Although the left holds power, today it is the most stable economy on the continent. Yes, as expected, the budget deficit is on the rise but inflation remains under control (around 4%), and the unemployment rate also remains relatively low (7.6%).

🔣 Growth rates (if we consider GDP) last year were 2.9%. For instance, according to this indicator, Brazil surpasses countries like Germany 🇩🇪 and Canada🇨🇦.

🔣 Regarding the gaming industry, the most important legislations of the last six months have been the new licensing rules for sports betting operators, the law on betting advertising and the fine system for payment systems that choose to collaborate with illegal gambling platforms.

#Peru🇵🇪

🔣 The economic situation seems to be improving in recent months: in February 2024, we have an inflation rate of 3.41%, with a downward trend.

🔣 In the case of Peru, it is essential to recognize the social reality. Enormous social inequality and societal stratification must be taken into account when making decisions about business development or promotional plans. Another important consideration is that infrastructure such as electricity, asphalt, and internet access is primarily concentrated in the capital, Lima. Outside of Lima, the situation can be more unstable.

#Chile🇨🇱

🔣 The year 2023 did not end in the best way: in December, the volume of GDP recorded a year-on-year decrease of 1%, and the annual decrease in GDP was 0.2%. According to the Central Bank, the decline in numbers can be attributed to a 3.2% reduction in the production of goods and a 3.8% reduction in the commercial sector.

🔣 To contain inflation (expected to be between 3.8% and 4.5% this year), the government has reduced interest rates by 100 basis points, from 8.25% to 7.25%.

🔣In the gambling sector, the regulator constantly strives to combat unauthorized operators, banning them and preventing their entry. However, these operators often respond by filing lawsuits. In short, it's quite a complex relationship.

#Uruguay🇺🇾

🔣 The definitive challenge in 2023 was the combination of the Argentine crisis + drought + the decrease in agricultural export prices. However, even with these obstacles, a price increase of only 6.05%. is forecasted.

🔣 According to the Central Bank's forecasts, GDP growth for 2025 should be 3.2%.

🔣 In 2023, gambling recorded growth of more than 50 million USD. To give context: the population of Uruguay is 3 444 263 people. The GDP per capita is 21 377 USD.

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