Colombia Considers Building Las Vegas-Inspired Casino Oasis in the Desert
Posted on: May 12, 2022, 05:48h.
Last updated on: May 12, 2022, 12:16h.
Colombia might consider following the path that led Las Vegas to become a global casino capital. It could soon introduce plans to build a casino city in the middle of nowhere.
Evert Montero Cardenas has chaired the Colombian Federation of Entrepreneurs of Games of Luck and Chance (Fecoljuegos, for its Spanish acronym) since 2014. It is Colombia’s largest gaming bodies. He hinted about a proposal to establish a Las Vegas-like city in the department of La Guajira.
The idea is virtually identical to how Las Vegas got its start. There are some major differences, however. Infrastructure, travel, and communications are much better now than they were when Pair-o-Dice became the first Vegas casino to open in 1931. In addition, Colombia’s Las Vegas wouldn’t need to rely on mafia money.
Montero admitted that building a casino oasis in the country is a remote possibility, since it requires a large investment. He understands that the first step would be a viability study, which may prove that the idea is nothing more than a pipe dream.
“Once, in one of the events that we did from [Fecoljuegos], there was a person who proposed to turn La Guajira into a city similar to Las Vegas because of the arid conditions and that transformation that in the United States was carried out over the Nevada desert as an economic emporium,” said Evert Montero Cardenas.
Montero has helped put Colombian gaming on the map. He’s also responsible for the crusade to put Colombia’s gaming industry back on its feet following the COVID-19 pandemic. A Latin American Casino Oasis
Why La Guajira
There are a number of reasons why La Guajira may be the target for a Las Vegas-style casino oasis. The department sits in the northern part of the country on the Caribbean Sea. Like Nevada, it has plenty of arid plains that can facilitate development.
The average temperatures in the region range from 71F to 94F. The average rainfall in a year is just over 21 inches, most of which falls in September and October. There are plenty of natural resources in some areas of the department – coal mining and natural gas exploration are big parts of the economy. In the coastal regions, collecting pearls from oysters is a common practice.
Except for the pearls, La Guajira is very similar to Las Vegas, but a little better. The high temperature in Sin City can reach 105F and it only receives around 4.2 inches of rain a year.
Latin American Gaming On the Rise
There are 33 countries in Latin America that are home to over 600 million people. Gambling, both land-based and online, has become big business in the region, and isn’t going to slow down anytime soon.
In 2018, the LatAm gaming industry produced revenue of $2.23 billion. That amount is forecast to reach $3.59 billion next year. Argentina, Colombia, and Mexico are all witnessing significant year-over-year growth.
In the first nine months of last year, Colombia’s gaming ecosystem grew by 120% compared to the previous year. Over half of the $7.68 billion in revenue the country saw was from land-based operations.
The country continues to expand its gaming operations, using its prior successes as a foundation. Should it decide to introduce a casino oasis in the desert, it would likely find the same results as Las Vegas.
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