As mentioned in the previous Casino News Daily article, Latin America is paying more attention to the region, where gambling can be a particularly profitable sector. Several Latin American countries are considering introducing gaming rules that can open their markets to developers and international operators.
In addition to Mexico, which was the focus of the previous article, we can say that Brazil is another country in the region where legislators seem to have finally recognized the importance and benefits of the regulated gambling environment.
With a few exceptions, gambling in Brazil is illegal under the federal law of the 1940s. But for almost a quarter of a century, lawmakers are now trying to legitimize some form of gambling or other, as well as create a legalization and a framework regulatory framework for the game that completely abolished the ban.
In both houses of a bicameral legislature – the National Congress – they debated legislative proposals that legalized various forms of gambling, including online games and sports in the country to gamble. However, we can say that the Senate has made more progress in its PLS 186/2014, so that a specific legislative part will be more prominent in this article.
According to the bill, originally published by Senator Ciro Nogueira Lima Filho in 2014, as the name implies, land and online casinos, slot machines, bingo halls, sports betting and especially popular lottery game Bug (animal game) must be legalized in the country.
The amended version of PLS 186/2014 was discussed extensively last year and even approved by the country’s Special Committee on National Development. With some impetus, it was assumed that by the end of 2016, the legislative section would reach half of the Senate and be elected for the last time. However, the expected final vote did not occur, which means that the debate about the game may resume any time this year.
Although the bill has been backed by important lawmakers, it has also met with strong resistance. According to opposition lawmakers, legalizing gambling services could worsen the country’s economic situation. The game was also compared to drugs and alcohol in terms of compulsion and harm.
On the other hand, proponents of legalization in Brazilian gambling have explained that if the local market is regulated, it will attract international gambling companies and additional investments and bring much-needed tax revenues.
The PLS 186/2014 must be delivered to all the chambers of the National Congress of Brazil so that its provisions take effect as a law. When legally signed, the law will create a regulatory framework for the operation, regulation and taxation of gambling. The new framework will also include measures to prevent and combat money laundering and corruption.
It is important to note that the state of gonorrhea, poker and horse racing betting is legal in the country because it takes into account the action, whose outcome is based on skills rather than luck. Bingo was also declared legal in the 1990s but was banned in 2007.
Brazil has been described in several publications as a sleeping giant and for its enormous potential to become one of the largest regulated markets in the world. The game was great in the country. According to the Institute of Legal Gambling (IJL), the annual revenue from illegal gambling amounts to about 20 billion rubles ($ 6.4 billion). In addition, the Bicho Game market can cost around 12 billion dollars (3.8 billion dollars). With regard to the packages placed, the local market can be estimated at about 55 billion Australian dollars (17.6 billion dollars), according to the IJL in the report on the betting market in Brazil.
Like many other variants of games, Brazil prohibits a casino with bricks and mortar. It is estimated that about 200 thousand people go to neighboring Uruguay to play in local casinos.
Taking into account all the numbers above and the fact that the game is strictly prohibited in Brazil and maintained only illegally, the IJL suggested that the US country lose $ 6 billion ($ 2 billion) due to the fact that in relation to the Ministry of Finance can be done, gambling.