Tag Archives: Sao Paulo

Brazil’s casino reforms backed by Haddad

SBC News Brazil’s casino reforms backed by Haddad

Brazil’s Minister of Finance, Fernando Haddad, has voiced his support for Bill 2,234/22 to legalise casinos, bingos, and betting on horse racing. As reported by SBC Noticias, the Minister had a meeting with Irajá Silvestre – the Senator and Rapporteur of the Constitution and Justice Commission (CCJ) – which approved the Bill earlier in June.  Speaking to Haddad, Silvestre said: …

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Brazil moves forward on project to modernise land-based gambling laws  

SBC News Brazil moves forward on project to modernise land-based gambling laws  

The Senate of Brazil has advanced plans to modernise laws governing the gambling disciplines of land-based casinos, bingo, horseracing, and the sale of jogo do bicho (instant win games). On Wednesday, the much-delayed Bill No. 2,234/2022 was approved by the Senate’s Constitution and Justice Committee (CCJ), securing 14 votes in favour and 12 against, advancing a federal project to modernise …

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Xtremepush nets Senna Sport as Brazil CRM customer

SBC News Xtremepush nets Senna Sport as Brazil CRM customer

Xtremepush continues to advance its commercial development in Brazil, by partnering with multibrand operator Senna Sport. The partnership will see Xtremepush supply Senna Sport’s brands its dedicated customer retention management (CRM) system and suite of optimization tools for marketing campaign ROI. As detailed: “Senna Sport’s brands will benefit from Xtremepush’s range of optimization and automation CRM tools, delivered through its …

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Lula challenged to include ‘betting exemptions’ in new tax plan

Brazil’s IBGR lambasts Lula administration’s betting tax ‘burden’

The subject of tax exemptions on gambling prizes/winnings will be debated once more by the government of Brazil. This follows the PT government’s backing of Provisional Measure (PM) 1,206/2024, which seeks to revise the monthly income tax exemptions for public wages up to BRL 2,824 (€530). The PM is reported to be favored by President Luiz Inácio Lula da Silva, …

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Brazil faces stand-off on betting income rights 

SBC News Brazil faces stand-off on betting income rights 

Addressing London’s LIDE ‘Brazil Business Leaders’ Conference on 21 April, Senate President Rodrigo Pacheco underscored the fiscal importance of implementing a federal sports betting regime.  The legalisation of sports betting was branded as a key component of President Lula da Silva’s ‘revenue strategy’, which aims to raise “potentially over RL100 bn ($18 bn) in 2023”. Pacheco revealed that the Senate …

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Lula & Haddad eye 15% GGR tax on Brazil sports betting regime

SBC News Lula & Haddad eye 15% GGR tax on Brazil sports betting regime

A draft proposal co-signed by Brazil President Lula da Silva and Finance Minister Fernando Haddad has recommended that  a 15% gross gaming revenue (GGR) tax be applied to sports betting activities.  News of the proposal submitted to the Attorney General’s National Treasury Office (PGFN) was reported during the Easter break by Brazilian business news source Poder360. As reported, Lula and …

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CBF seeks 4% betting fee for Brazilian football rights

Brazil

CBF, the Football Confederation of Brazil, has demanded that the government guarantee a larger % share of revenues generated from a federally sanctioned sports betting regime.  The CBF has issued its formal proposal that a ‘betting regime guarantee 4% share of gross revenues to be distributed across its football leagues’. As such, the governing body of pro-football in Brazil seeks …

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Brazil consumer affairs agency orders sports & media to clarify bookmaker deals

SBC News Brazil consumer affairs agency orders sports & media to clarify bookmaker deals

Brazil’s Ministry of Justice is to launch an investigation into the commercial partnerships of sports clubs and media owners struck with online sportsbook operators.  The investigation is due to concerns by SENACON – the National Consumer Secretariat – that such arrangements were agreed upon without Brazil having finalised the laws and standards that will be applied to its pending federal …

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Government of Brazil seeks guarantees that gambling operators will pay all domestic tax charges 

SBC News 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 …

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