Tag Archives: brazil

The Brazilian off and on approach to regulating gambling appears to be on again after a special review committee for the Brazilian Senate progressed the legislative agenda for a regulated national betting industry. The idea of regulating gambling in a country that banned bingo reletively recently in 2007 was mooted earlier this year as the government faced a fiscal crunch. …

With the cash strapped governments of the once mighty BRIC nations, seeking to implement new economic policies to boost their dwindling funds. Scott Longley examines how the current BRIC downturn will impact betting’s regulatory debate and progress amongst emerging economies  _______________________ Like a worried bunch of Chicken Little’s, the economic commentaries have been busily scaring the world’s markets with the doleful …

French race track operator Pari Mutuel Urbain (PMU) has entered the South American racing market by announcing a joint venture with Jockey Club Brasileiro (JCB). The venture will bring to life new subsidiary PMU Brasil. PMU governance stated that its partnership with JCB, would aim to modernise Brazil track racing. PMU management systems will be utilised to operate wagering and monitoring …

A month after stalling the progress of its review on regulated fixed-odds sports betting (Legislation – 671-2015), it appears that Brazilian lawmakers and congress are prepared to push for a nationwide gambling regulatory framework. Faced with the nation’s worst economic recession in 25 years, Brazil’s central bank last week forecasted that its economy will shrink by 2.5-2.7%. The cash strapped …

Brazilian President Dilma Rousseff has stalled the progress of Legislation 671-2015 for the provisions of regulated fixed odds sports betting, citing that law makers needed more time to review its framework and context. Presented to President Dilma for sanctioned sign off at the start of July, the legislation had been approved for progress by Brazil’s Senate. The legislation would look …

Brazil’s Senate has progressed draft legislation 671-2015 which will look to introduce regulatory provisions and a national framework for fixed odds sports betting. Current Brazilian gambling legislation allows for wagering on land based lottery, bingo and licensed horse racing events. Brazilian media sources have commented that the draft legislation was progressed due to the Senate’s raising concerns regarding the popularity …

Amaya Gaming poker subsidiary PokerStars has confirmed Barcelona FC and Brazil international football star Neymar Jnr as its new poker ambassador. The popular football star will promote PokerStars Academy., as the operator looks to extend its coverage and presence in the Latin and South American poker markets “Neymar Jr is one of the brightest stars in the sporting world and PokerStars …

 Warwick Bartlett, CEO of Global Betting and Gaming Consultants, discusses how government’s approach taxation means that rates are more likely to go up than down. The most pleasing sight at ICE 2015 was to see some of the younger companies which two years ago took the smallest booths are now spending upward of £250,000 on impressive stands.  Such companies have …

This week we have interviewed Joao Gomez, Bet Advisor’s finest expert in the Brazilian Football Leagues as well as Copa Libertadores and European Team Cups.  Since he joined Bet Advisor in October 2011 his clients enjoyed 1775 tips with 6789 points of profits for an impressive yield of 5.83%. Click here to view Joao’s Bet Advisor Profile _________________________ SBC: How did you …

The Brazilian National Senate, has come under criticism for the exhaustive process facing the review of the Online Gambling Bill. Critics have pointed that the draft Bill faces too many committee appraisals and third party oversights which will stall the federal review of the proposed Bill. The draft proposal for a regulated online gambling market was introduced by Senator Ciro …