"Currently, casinos from around the world use machines with the slam-top concept developed in the Brazilian market. The cards globally have not advanced much, but I believe that in Brazil they will still have a good share of the market when the sector is regulated," Analyzes Escorza.
He brought the example of Spain, where prizes are fixed (70% of the proceeds from the sale of tickets), player identification and fixed tax per machine plus room operating fees are requested. "In Spain, the bingos are controlled by the states, which could be an example to be followed in Brazil." For the executive, "it is more than time to defend the activity and seek regulation so that the country comes back to be a reference as it has been in the past. "
Olavo Sales, president of Abrabincs, said that "it is important to discuss the theme of games in a global way in our country, but thinking about each segment that involves so many activities in isolation, in order to define what games we will have." According to Sales, the regulation will necessarily define how many bingo halls or casinos will be allowed.
"And the vision that came to me is how much it will cost to assemble a bingo, for example, to get numbers on the opening of a house, considering a floor area of about 1,800 m2, with 256 places for cards and space for 400 machines. When looking for a property, it will be necessary to reform and a series of investments, such as acquisition of equipment, furniture, hiring and training of employees etc. If we imagine the requirement of a concession, by auction, in which something is paid around US$ 3 million, we can reach more than US$ 6 million initial investment," he said, pointing to something around US$ 95 thousand as the return on the cards, added to just under US$ 900 thousand in revenue in the area of the machines.
Abrabincs’ President also pointed out the operating costs of bingo in the order of US$ 900 thousand per month considering the initial set up of the venuel and the amount paid in an auction for the concession. "That is, the activity does not have the profitability that many think," he said.
Source: GMB
