Loterj's president, Oswaldo Ribeiro, appointed just over a month ago, was excited about the STF's decision and now, with the publication of the ruling, which gives states a way to regulate their lotteries or, as is the case Rio de Janeiro, to continue operating with greater legal certainty and to be able to plan investments in new products.
According to him, “it is important to emphasize that the publication of the judgment reinforces legal certainty and consolidates the understandings about the competence of States to explore lotteries, including the receipt of revenues, important resources especially at this time when the pandemic impacted the economy. It is, therefore, an advance for the sector.”
Loterj, which already operates two lottery modalities (instant and conventional with multiple chances), should in the near future expand the range of offers of new products for Rio de Janeiro and as the decision of the Federal Supreme Court is recent and the publication of the judgment, but still, it is likely that the studies will be implemented soon in first weeks of 2021. About this, the president does not give deadlines, but says that "with regard to new products, they will soon be launched."
Oswaldo Ribeiro understands that the Union has the prerogative to present embargoes to the STF decision, which would represent a great loss to the process of liberating state lotteries but says that “States have already suffered a lot, they have already been harmed. I believe that there will be sensitivity from the Union to recognize that the issue is over,” he said.
Regarding how Loterj will behave from now on with the decision already published in the form of a ruling, its president says that “these were years of great injustice, including with Loterj and with the benefited organizations and that applied funds in the social field.”
According to him, Loterj is evaluating the possible operational models and intends to move forward with firm steps for the future. “News will come. All of them, certainly, for the benefit of the State of Rio de Janeiro,” concludes Ribeiro.
Source: Exclusive GMB
