The gambling industry in Mozambique is now better than it was in the 1990s. In 2009, Armando Guebuza, the former president of this country, amended the 1994 gambling law to get rid of the stringent rules that gambling businesses and gamblers had to follow. The main reason behind this was to improve Mozambique's tourism sector.
The new law brought about these favorable changes:
Area restrictions were lifted, meaning that casinos can now be established near cities in Mozambique.
Entrepreneurs only need to raise a minimum capital of USD 8 million to establish a casino instead of $15 million.
Casinos in Mozambique don't have to be a part of a 250-room hotel. Instead, they can be established "in association" with one or more four or five-star hotels in this country.
Gambling companies are free to operate slot machines outside their residences in locations such as malls.
Online gambling is now legal in Mozambique.
After the 2009 amendment, more Mozambicans are excited to sink their money into casinos. Investors in this industry choose the locations of their gambling houses wisely to maximize profits. In most cases, casinos are situated close to cities because they are likely to draw the attention of more players who are now not as guarded as they were before.