Brazil’s President Michel Temer supports regulation of gaming

Two bills on the legalization of gambling await voting in the House and Senate. The bill that is in the Chamber of Deputies legalizes and regulates the activities of casinos, jogo do bicho and bingos in the country, including the operation of videobingo machines, slot machines, and online games.

In case of approval, there is an estimate that the operation of bingos - which demand up to US$ 3.15 million in initial investments - will be in charge of Brazilians companies, and that of casinos, with an initial investment of US$ 315 million, be in the hands of international groups with Brazilian partners.

The fact is that this investment today is not just about setting up a casino but rather entertainment complexes with hotels, restaurants, nightclubs, theme parks and bookmakers in one place, following world trends.

On the part of the Federal Government there is an expectation that the Treasury can bill very much with legalization, about up to US$ 4.75 billion per year, in addition to the expected generation of jobs in several states.

Contrary to legalization, there are church campaigns and even the Federal Public Ministry, concerned about the legality of operations in the sector. Hence the Congress also discusses the forms of inspection of the revenue on the sector, as it happens strongly in the United States.

At the height of yesterday’s presentation of the Front for Legalization of Gaming in Brasilia, Deputy Nelson Marquezelli also moved in a Legislative Decree to annul the Decree that considers gaming a contravention, based on unconstitutionality. This would no longer be a contravention and the Government would have to regulate the activity.

Source: Games Magazine Brazil / Veja