Tag Archives: SECAP

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, …

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Operator CEOs head speaker line-up for Latin America’s largest virtual betting and gaming conference

SBC Digital Summit Latinoamérica

SBC Digital Summit Latinoamérica is to open with Sports Betting in Focus, which will see operator CEOs from Colombia and Costa Rica set the tone for the high-level virtual conference by sharing their vision for the future of the industry in the region. It is one of four tracks at the largest online conference and exhibition for the Latin American …

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Brazil confirms new SECAP leader but remains hush on betting prospects

Brazil’s government has confirmed the appointment of Nelson Leitão Paes as ‘acting secretary-general’ of SECAP, the agency leading Brazilian public policy development for the agriculture, energy and lottery sectors. The appointment follows the abrupt departure of former incumbent Alexander Manoel, who resigned from SECAP leadership in January after choosing to no longer work for the government. Leitão Paes’ appointment has …

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NSoft or strict rules: Outcome-based vs prescriptive regulation

NSoft

Zlatan Omerspahic, Head of Legal and Compliance at NSoft, delivers a regulatory overview of the gambling industry, including key learning points from 2019 and what to expect in 2020. It is very difficult to find an industry that is changing as fast as the gambling industry, due to all the technological changes. Also, the existence of generally strict rules provides …

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Andre Gelfi – Suaposta strengthened by Betsson’s Brazilian intent

Andre Gelfi, CEO of Brazilian racebook Suaposta, has backed Betsson AB’s early mover advancements, despite facing significant unknowns related to Brazil’s future sports betting make-up. Closing 2019, a refinanced Betsson sanctioned the purchase of a 75% stake in Suaposta, Gelfi’s online racebook licensed by Brazil’s Ministry Agriculture and Livestock in partnership with Porto Alegre’s heritage  ‘Rio Grande do Sul Jockey …

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Brazil sends football envoy to learn Spanish betting safeguards

A special delegation of Brazilian politicians and football executives will travel to Spain next week to research the country’s legislative frameworks governing sports betting. The envoy will be led by Rodrigo Maia, President of Brazil’s Chamber of Duties, and Reinaldo Carneiro Bastos, President of the São Paulo Football Federation. During the visit, Brazilian executives will research Spanish football’s safeguards related …

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SECAP resignation casts doubts on Brazilian betting progress

The progress of Brazil’s planned federal sports betting framework has been cast into doubt following the resignation of Alexander Manoel, Secretary of SECAP – Brazil’s public policy and planning agency for Energy & Lotteries. This week, Brazilian industry news source Games Magazine reported that Manoel had chosen to resign as leader of SECAP, the department tasked with developing the legislative …

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Brazil finance ministry allows CAIXA to increase lottery ticket prices

Issuing a statement, SECAP – the planning department of Brazil’s Finance & Economic Ministry – has confirmed that it will allow national bank CAIXA to increase prices across its lottery products offering. Beginning 2020, CAIXA will be allowed to increase its ticket prices on its eight lottery products by an average of 28%. The update sees CAIXA implement its first ticket …

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