Brazil to vote on a new gambling bill

27 Oct 2017

brazil-michel-temer-gambling-expansion-winfil-casinoAccording to local news magazine Vieja, Brazil is set to become the world’s largest regulated gambling jurisdiction with a population amounting to 207.000.000 people.

This might indeed become a reality following the Brazil’s Chamber of Deputies president announcement that Brazil will vote on casino’s legislation next month. If the bill is voted in favor, the laws will into effect.

The bill will introduce a legal framework regarding taxes & specific regulations. Furthermore it will allow the construction of brick and mortar casinos.

Mr Nelson Marquezelli, a member of the Brazilian Labour party, stated that 262 out of 513 deputies, are in favour of legalising land casinos. Among them, is also the current President of Brazil, Michel Temer.

Guarujá, Campinas and São José do Rio Preto hotels have already confirmed that they are interested in holding gambling activities.

If the  National Congress supports the new bill it will then have to pass through the Senate.

According to the Brazilian Legal Gaming Institute (IJL), approximately R$20bn ($6.4bn) is generated annually from illegal gambling services, meaning that the new bill could create an ideal environment, in which the players will be protected and the country will receive increased tax revenue.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

After a week off due to national team fixtures the English Premier League returns to action, and what a better way to do start matchday 9 than with th...

Read more »

Gambling can be traced in Germany all the way back to Roman times when soldiers were playing several forms of dice games. At some point after the intr...

Read more »

The UK Gambling Commission fined online betting operator Betway £408,915 for marketing on the kids’ section of the West Ham United Football Club...

Read more »

The 2021 report from the Malta Gaming Authority (MGA) has been released. The MGA generally took less regulatory actions, such as issuing fewer warning...

Read more »

The 2022 European Cricket Championships, held in Malaga, Spain, now have Stake.com as an official partner. The T10 competition, in which 21 national t...

Read more »

Just one week after an impressive 49-goal matchday 1, UEFA Champions League action is back. Among all the exciting events, the one that stands out the...

Read more »

LeoVegas Group, the renowned igaming operator, disclosed on Thursday that English Premier League giants Manchester City is the subject of a new partne...

Read more »

The moment football fans worldwide have been waiting for has finally come. The 2022-23 UEFA Champions League season is officially underway with 8 matc...

Read more »

After expanding into Colorado, their second active US state so far, Bet365‘s presence in the North American market has grown. Bettors in the Cen...

Read more »

The 2022 summer transfer window ends on the night of September 1st. As the deadline day is rapidly coming close, top European clubs are looking to sea...

Read more »

LATEST BOOKMAKER PROMOTIONS