Public Gaming's Regulatory News

Regulatory

According to Senator Ciro Nogueira, the bill introduced to the country's Senate earlier this week may finally regulate the scattered Brazilian gambling market and give the country the unique opportunity to "comply with the rest of the world and boost the economy with new tax revenues."  "Among the 193 countries that are members of the United Nations," Nogueira wrote in the final considerations of Brazil's gambling bill, "75.52 percent of them have legalized gambling, while Brazil is among the 24.48 percent who do not. And we have to consider that 75% of the countries that haven't done so, are Islamic," and therefore are anti-gambling because of their religious beliefs.  The text, which plans to regulate all forms of online and offline gambling, aims to bring Brazil down the same road already taken by European countries like Italy, France, Spain and recently by Portugal – with the creation of a state-controlled gambling market regulated with a system of licenses. "A prohibitive approach to gambling does not work, as the truth is that no one will ever give up playing only because that is forbidden," Nogueira wrote in the text that includes also specific measures to punish those who don’t act according to the proposed regulation.  "Companies that will operate [in Brazil] without a gambling license will be sanctioned with a fine and with imprisonment from one to four years; those who will accept underage players will risk being sentenced from a minimum of three months to a maximum of one year of jail. The current anti-gambling legislation did not stop gambling in Brazil, and today's clandestine market moves more than R$ 18bn. (approximately $8bn.) every year.  According to some studies, if regulated, the gambling market could bring to the State new revenues for at least R$ 15bn. (approximately $6.8bn.) a year," he said explaining that this would be twice more what Brazil gets from the taxes applied on cigarettes and drinks together.





Public Gaming /Paul Jason - pjason@publicgaming.com   / Susan Jason - sjason@publicgaming.com  /Office Phone - + 425-449-3000  
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