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.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The United Kingdom Gambling Commission has forced the online betting exchange Matchbook to freeze its UK betting and casino activity; after temporaril...

Read more »

The shareholders of GVC Holdings have voted and approved the relocation of the company’s headquarters and tax residence from the Isle of Man to the UK...

Read more »

The world no. 1 chess grandmaster Magnus Carlsen has signed a sponsorship deal with Unibet, that will make him the global brand ambassador of the famo...

Read more »

The federal states of Germany have reached an initial agreement regarding the establishment of a new draft interstate treaty on the regulation of all ...

Read more »

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »