Report LATIN AMERICA REPORT - BRAZIL
FACTS AND FIGURES l
Brazil is the fifth largest country in the world and has the second highest number of airports after the US.
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Eight of the 12 host cities for the 2014 FIFA World Cup in Brazil are among the 50 most violent cities in the world.
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Brazilian prisoners can reduce their sentence by 4 days for every book they read and write a report about. 92 per cent of all new cars sold in Brazil use ethanol as fuel, which is produced from sugar cane.
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The largest population of catholics in the world is in Brazil: 213 million or 64 per cent of its population.
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Apple’s iPhone is almost twice as expensive in Brazil than it is in the US.
Shortfall in taxes generated by Brazil’s struggling economy has
prompted the government to cut budgets and raise taxes. In September the government
unveiled a US$7bn package of spending cuts after the
government announced that its economy fell into recession.
However undeterred another attempt to regulate the industry came in 2014 when Senator Ciro Nogueira, put forward legislation that would authorise the animal game, casinos, bingo halls and betting around the country. The law would put stiff penalties in place for non compliance including jail terms.
According to Senator Ciro Nogueira a state regulated gambling industry would increase tax revenues, create jobs and promote wealth. The purpose of the bill was to “legalise what today exists even if it is hidden,” and the bill seeks to establish clear rules when it comes to both the
online industry and the land based industry. Arguing that Brazil now remains one of the very few member nations of the United Nations who do not allow gambling, the bill was submitted to the Committee on Regional Tourism Development in the Senate.
BRAZIL’S CRISIS AND NEW MEASURES While it was initially believed that Senator Ciro
Nogueira’s law would in all likelihood languish in the committee stage for several years there could be fundamental changes to Brazil’s gaming law. Indeed events are now moving at a fast pace with Brazil closer than ever to allowing gaming. This
was after breaking news in September that Brazil could legalise gambling in order to raise money and help weather the recession. A move is also under foot to push forward Senator Nogueira’s law as a matter of urgency in the Senate.
Shortfall in taxes generated by Brazil’s struggling economy has prompted the government of Dilma Rousseff to cut budgets and raise taxes. In September the government unveiled a US$7bn package of spending cuts after the government announced that its economy fell into recession, shrinking 2.6 percent from a year ago.
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