Thursday, June 25, 2009

Mozambique Legalizes Gambling Ahead of 2010

The government of Mozambique has eased gambling laws in hopes of capitalizing on visitors to neighboring South Africa during the 2010 World Cup.

The law, which passed unanimously, reduces the investment required to open a casino from 15 million dollars (10.6 million euros) to eight million dollars, Noticias newspaper reported.

It also legalises electronic gambling and slot machines outside casinos, and transfers regulation of the gambling industry from the finance ministry to the tourism ministry.

Mozambique loosens gambling laws
The Citizen
June 18, 2009