According 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.