Sports Betting Law will be in Place in March SOUTH AMERICA
Waldir Eustáquio Marques Júnior has announced that the Brazilian government will present the final regulation for sports betting in March
Te sports betting Provisional Measure 846/18 is now Law 13756/2018 as it is now under review before its put to the full plenary
BRAZIL SPORTS BETTING
MEXICO – Lawmakers for the state of Quintana Roo have completed the fiscal measures for 2020 which include an exemption of taxes on the establishment of new gaming rooms for new investors, meaning that all companies that set up a casino will not pay taxes this year.
The new Income Law approved in December indicates that the benefit is for 'individuals or corporations that make investments in the state of Quintana Roo, exceeding 40m pesos (US$2,106.299) and whose commercial purpose is games and contests in casino.' In addition, the measure establishes that these casinos must be located in tourist areas, and potential investors will be required to prove before the competent authorities, that at least 50 per cent of their clients are foreigners or non-residents.
The officials who approved the decree declared that the main objective of the exemption is to promote investment in the state, promote employment and offer other attractions to both national and foreign tourists in a document published in the Official State Gazette. The state is especially important due to the fact that it is home to Cancun and a string of resorts and popular destinations such as Tulum, the islands of Cozumel and Isla Mujeres, as well as the towns of Bacalar, Playa del Carmen and Akumal.
LATAM – JCM Global customers in Argentina, Chile, and Paraguay now have an extra layer of confidence thanks to a new partnership between JCM and Mercado Gaming Latinoamerica. With this new relationship, Mercado Gaming will provide direct and localised sales, service, training, support, and warranty of JCM’s product portfolio.
Mercado will represent JCM’s full portfolio of gaming and commercial products for the region, including JCM system solutions.
“Our partnership with Mercado Gaming expands our ability to provide even greater support to our customers in Argentina, Chile, and Paraguay. Customers at SAGSE reacted very positively to this new development, which is just another example of how JCM is constantly improving the ways we serve our customers in Latin America and around the world,” said JCM SVP of Sales, Marketing & Operations Dave Kubajak.
“We are committed to offering technical service that meets the highest quality standards of JCM Global. We will do this with our unique team formed of highly qualified personnel, our more than 10 years of experience in both gaming and commercial markets, and our certified service center to attend to all business requirements,” said Mercado Gaming’s Juan Pablo Farcuh.
P16 NEWSWIRE / INTERACTIVE / MARKET DATA
Te undersecretary of Prizes and Sweepstakes of the Ministry of Economy, Waldir Eustáquio Marques Júnior, has announced that the Brazilian government will present the final regulation for sports betting in March. In an interview with Valor Econômico the lawmaker admitted that the law will differ substantially to how it was first outlined but believes that the largest 50 companies in the world will begin to operate in Brazil and sponsor clubs.
In mid-2019, two public consultations were opened to discuss the draft decree. However, there was no agreement on some points, such as the requirement of a guarantee reserve of R$6m from the sportsbook operators. After studies and analysis, according to Marques, the new decree that is now being evaluated by the Attorney General of the National Treasury, should set a reserve value of over R$6m.
Waldir Eustáquio Marques Junior said companies from countries such as England, Italy, the United States, Greece, Portugal and Denmark had already shown interest in operating sports betting in the country but are awaiting regulation. He countered criticism that transfers to social welfare programmes, which are seen as an additional tax by foreign companies, will reduce the attractiveness of the business. Backing up his argument he said that taxation (taxes and transfers to social welfare programmes) will amount to 35 per cent of the operator's profit in the country. "Much like what
EvenBet launch new poker network in emerging markets
LATAM
EvenBet Gaming has rolled out a new poker network across South and Latin America, enabling EvenBet’s growing group of operator-partners to target players in established igaming jurisdictions such as Colombia.
With further expansion soon to follow across Peru, Argentina and Brazil, early adopters including Apuesta Rapida, MiJugada and online casino JugarPrimero have already been impressed by EvenBet’s omnichannel
happens in Greece and France," said Marques Junior. He added that there are countries such as Portugal where this percentage can reach as much as 65 per cent. Te undersecretary declined to make any projections of how much the government could raise from the deal. Te lotteries general coordinator, Adhemar Ranciaro Neto, however said that the main impetus behind new legislation was to impose player protection measures on the industry, as well as protect the integrity of local sports.
By regulating sports betting the undersecretary said that the government would provide the necessary legal certainty for larger companies to come to Brazil meaning that sports betting companies will become major sponsors of some of the top sports clubs. “Our idea is to bring these fifty largest to the sponsorship of Brazilian sport,” he said. Te lawmaker also announced imminent changes for Jockey Clubs which will be able to operate sweepstakes and retail outlets throughout the country for the first time. Tey may also advertise and will be able to market themselves online.
In Brazil, Jockey Clubs own racing tracks and are responsible for running them and each track is granted a licence to offer horse race betting in betting shops in the area in which they are licensed. Nationwide there are now over one hundred and fifty betting shops which are officially recognised by the Brazilian Jockey Club and there are four tracks nationwide.
platform which offers over 32 different game types.
Eight standalone poker rooms and casino operators have joined the new network, with several more deployments scheduled for January.
Featuring individual online poker projects alongside existing casino and sportsbook partners, the network’s flexibility is generating proven traction across the igaming spectrum with several operators already successfully integrated.
Dmitry Starostenkov, EvenBet Gaming CEO, commented: “Tis landmark launch puts the exclamation mark on a year of highlights for EvenBet.
Te new network seamlessly scales and fits with all types of project – for example, increasing revenue for existing casinos, while also providing sufficient liquidity for any new players on the market.
“It’s an exciting and ambitious mission, as we bid to become the number-one poker software supplier for South and Latin America, especially as regulation rolls out in countries like Peru, Argentina and Brazil.
“Our first operators are already up and running with their poker room, while the initial feedback that we’ve received at summits, such as SAGSE Buenos Aires, has been hugely encouraging.
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