Brazil is a highly attractive and untapped gaming market
UPDATE – 01/13/2022
Sports Betting regulations are being written ahead of Qatar World Cup in November 2022
Privatization of National Lottery was mooted by Supreme Court decision to end the federal monopoly, opening significant expansion opportunities for the States
Gaming attracted the attention of the three Powers (Senate, Chamber of Deputies and Supreme Court). There are currently two live gaming bills from the Senate and Chamber of Deputies. The Chamber of Deputies approved an “Urgency Requirement” to vote on a Gaming Regulatory Framework, tentatively scheduled for April 7, 2022. At the same time the Supreme Court is expected to adjudicate a State led appeal to repeal the Federal prohibition of gaming (similar to the repeal of federal lottery monopoly). We expect the confluence of these events, could ultimately spur the legalization of gaming.
Bill 186/2014 (Senate Bill) proposes the following:
Bill 442/91 (Chamber of Deputies Bill) proposes the following:
Spectrum Gaming Capital released a report on Attracting Investment to a New Brazil Gaming Industry