Tag Archives: Jair Bolsonaro

Brazil appoints agencies to accelerate Sports Betting launch

Brazil has moved forward with its plans to establish a regulated sports betting marketplace after the government appointed a designated agency to take charge of finalising the market’s legislative and regulatory frameworks. The publishing of this week’s federal gazette confirmed that President Jair Bolsonaro had signed ‘Decree 10,467’, appointing Brazilian social development bank BNDES to work alongside the Ministry of …

Read More »

Brazil to issue initial plans on Caixa Loterias sale

Brazil’s federal bank Caixa Economica Federal (Caixa) is expected to disclose its initial plans to privatise ‘non-core’ business subsidiaries this week, as part of the government’s efforts to restructure the financial institution. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here ‘Caixa Seguradora’, the federal bank’s insurance unit, is reported to be first in-line …

Read More »

Brazil backs betting reforms for its pandemic recovery programme

Brazil’s Council of the Investment Partnerships Program (CPPI) met last week with President Jair Bolsonaro and Economic Minister Paulo Guedes to discuss new projects to boost the nation’s economic recovery from COVID-19 impacts. The CPPI has decided to include sports betting in its  ‘PPI recovery program’, with the aim of creating new jobs and mitigate the negative consequences caused by the pandemic. According to BNL Data, …

Read More »

Brazil calls for a rethink on LOTEX’s future

The government of Brazil is reported to be ‘assessing its options’ with regards to the sale of state-owned Instant Win (Scratch Card) operator LOTEX – following six straight tender postponements. A reported ‘lack of interest’, would see BNDES, Brazil’s National Development Bank twice suspend this May’s planned tender procedure. BNDES, the agency charged with selling LOTEX, has come under fire …

Read More »

BNDES issues fourth postponement of LOTEX Brazil sale

BNDES – Brazil’s national development bank has sanctioned its fourth postponement of the sale of state-owned instant win (scratch card) operator LOTEX. Last week, an under pressure BNDES issued a corporate communication informing the media and stakeholders that its scheduled Tuesday 26 March auction of LOTEX enterprise had been cancelled. In its update, BNDES governance informs that the LOTEX auction …

Read More »

BNDES aims to complete LOTEX Brazil sale by February 2019

BNDES – Brazil’s national development bank has further postponed the tender process for its agreed sale of LOTEX, the state-owned operator of instant win (scratch) games. The sale of LOTEX had received its original government approval on August 2017, allowing BNDES to begin the tender process for 2018, which was reported to be seeking a minimum of BRL 4 billion …

Read More »