SECAP – Brazil’s Secretariat of Evaluation, Planning, Energy and Lottery for the Ministry of Economy has announced the appointment of Waldir Eustáquio Marques Júnior as a new board member. The agency that has spearheaded the development of Brazil’s pending federal sports betting framework, welcomes a new advisor that has previously worked on lottery projects for the Ministry of Economy. Marques …
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Liberal Party confirms Brazil’s gambling delay
As widely expected, Brazil’s governing Liberal Party has confirmed that no federal gambling or sports betting bill will be approved before Brazil settles its general elections in October. The decision was confirmed by Carlos Portinho, Senate leader of the Liberal Party, who backed the delay supported by President Jair Bolsonaro. The delay scuppers original plans drafted by SECAP – the …
Read More »Bolsonaro stalls Brazil’s sports betting launch ahead of October Elections
The progress of Brazil launching its new federal sports betting regime in 2022 has been blighted as President Jair Bolsonaro refuses to sign-off on the approved mandate’s regulatory decree. Six weeks have passed since the Ministry of the Economy put forward its Brazil Sports Betting decree to President Bolsonaro’s office to sanction its signature and become a federal law. At …
Read More »Government of Brazil seeks guarantees that gambling operators will pay all domestic tax charges
As Brazil proceeds to develop its gambling and sports betting regimes, the federal government is reported to seek assurances that foreign businesses will be liable to pay all domestic taxes. Local media reports that the federal government has thrown its weight behind a measure that would force foreign companies to establish a domiciled office in the country to guarantee a …
Read More »Brazil reforms working group to implement gambling laws against a tight timetable
Brazil’s Chamber of Deputies has reinstated a ‘working group’ to ensure that a new regulatory regime is approved to adopt and regulate new gambling laws. Brasil Socialist Party deputy member Felipe Carrera will lead the working group, reporting developments to Senate President Rodrigo Pacheco. The group is reported to have reinitiated meetings this week to ‘untangle the path’ for Brazil’s …
Read More »Brazil: Chamber of Deputies approves gambling regulation in a historic vote
To the surprise of observers, Thursday, February 24, 2022, will go down in history as the day Brazil finally approved a gambling regulation. In the final hours of a discussion that began on Wednesday afternoon, the Chamber of Deputies took Bill 442/91 to a vote with 246 votes in favour, 202 against and 2 abstentions. The result will allow South …
Read More »Brazil to hold ‘Chamber discussions’ on gambling’s future
Arthur Lira, President of the Brazilian Chamber of Deputies, has reportedly met with counterpart legislators to asses if conditions have been met to debate gambling regulation this week. Reported by BNL Data, Lira has confirmed that the proposal will be part of this week’s delegated agenda In recent days, both Lira and the head of the Government in the Chamber, Ricardo Barros, …
Read More »Alex Leese, Pronet Gaming: Making up for lost time in Brazil
Pronet Gaming CEO Alex Leese looks towards the future as South America’s biggest country, Brazil, aims to get on track with regulated sports betting. While England and Brazil fans alike licked their wounds as losing finalists this summer, operators based in the UK could at least fall back on a very positive tournament in Euro 2020 in terms of revenues …
Read More »Bolsonaro veto expected for proposed Brazil gambling regulation
Brazilian President Jair Bolsonaro has revealed in an interview with Veja that he has been in touch with government officials in regards to a proposed gambling legislation but warned that he will not allow the market to be regulated, according to a report shared by BNL Data. As Bolsonaro admitted, “the measure will not count with the support of the Government …
Read More »New SECAP secretary confident of launching Brazil’s sports betting regime by 2022
Gustavo José de Guimarães, the new secretary of SECAP, the agency leading Brazilian public policy development for the agriculture, energy and lottery sectors, has revealed that the government expects the sports betting sector to be regulated before the end of the year and up and running by 2022. According to comments made by local outlet Valor, shared by BNL Data, …
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