Wire SOUTH AMERICA
If approved the bill will reduce the ISS in order to create new jobs and generate more investment for betting, fantasy sports and lottery companies in the city
BRAZIL SPORTS BETTING New Rio de Janeiro Betting Bill
Councillor for the city of Rio de Janeiro Pedro Duarte announced that he will put forward a bill similar to a bill approved recently by the governor of São Paulo.
Uruguay - Cipriani property work commences Work has commenced on the property of the former San Rafael hotel, where the new Cipriani Ocean Resort & Club Residences Punta del Este will be built, according to the mayor of Maldonado, Enrique Antía.
The construction company contracted by the Cipriani Group began to build the wall that surrounds the land where the excavations will begin. “It is a very good sign that this has happened, it means that the project is moving forward,” Antía said. “I knew that this was going to happen, nobody throws 50 million dollars overboard and leaves it abandoned.”
The work requires about 1,000 workers to build some 80 rooms and more than 260 underground parking spaces. On the other hand, the towers will have more than 280 housing units, while the main one will be the highest in South America, rising to a height of around 320 metres.
Chile - Lawmakers press ahead with online The Executive Branch will push forward on the regulation of online gambling in Chile during March, according to according to the undersecretary of Finance, Claudia Sanhueza. That is the term that the authorities set themselves to add the corresponding changes to the bill presented last year and move forward with it during the first term of this year.
The official appeared before the Economic Commission of the Chamber of Deputies, explained the government’s intentions and said that there are two potential models over how the sector will be regulated: total prohibition or via a state monopoly with a semi-open market.
If legalised, the online industry would be governed by the government, which would involve the intervention of the Superintendency of Gaming Casinos (SCJ).
The head of the SJC, Vivien Villagrán, also attended the last session of the legislative body. Vivien explained that the regulation of online gambling in Chile will mean “an extremely costly battle” and assured that the intervention of other control entities such as the Internal Revenue Service (SII) or the Financial Market Commission (CMF), amongst others, would be necessary.
The Economy Commission of the Chamber of Deputies had been expected to deal with the bill put forward by lawmakers in August. The legislative initiative was presented by the previous government. In summary, the takeaway points were that operators would remain under the supervision of a new regulatory board with specific taxes of 20 per cent on gross income, 15 per cent on users, and licence fees for both general and special licences.
P10 WIRE / PULSE / INSIGHT / REPORTS
Councillor for the city of Rio de Janeiro Pedro Duarte announced that he will put forward a bill similar to a bill approved recently by the governor of São Paulo. If approved the bill will reduce the ISS (Tax on Services of Any Nature) in order to create new jobs and generate more investment opportunities for betting, fantasy sports and lottery companies in the city. Te bill follows in the footsteps of an almost identical bill approved by São Paulo’s governor in December 2022.
Te initiative seeks to promote the generation of new jobs and investments in the region, and aims to prevent the migration of qualified professionals and large companies to the state of Sao Paulo, which has recently approved a project to reduce taxes for the sector to just two per cent.
According to the parliamentarian, activities in the sports betting, and fantasy sports sector have grown significantly in Brazil as well as globally in recent years, so Rio de Janeiro needs
to become more competitive in this regard.
“One of the largest tourist destinations in the world cannot continue to lose jobs in favour of other Brazilian capitals. Reducing the ISS rate for a sector that has been experiencing growing demand in Brazil and in the world, which works directly with technology, innovation and sports, is an important step for Rio de Janeiro to be competitive, attract new investment and, what is most important, create new employment opportunities,” said the councillor, who added that today’s taxation, as a rule, stands at 5 per cent. Te ISS is a tax which falls within the jurisdiction of municipalities and covers the services provided by companies, corporations, or by autonomous professionals, as long as the operation is neither within the jurisdiction of the Federation nor the Federal State.
In December, São Paulo’s city council approved betting bill (Bill 613/2022) in its second hearing. Te bill will put in place a minimum rate of only two per cent on the “ISS” tax.
Uruguay SIS sponsor Gran Premio José Pedro Ramirez
SIS sponsored the Gran Premio José Pedro Ramírez day, held at the Hipodromo Nacional de Maroñas racetrack in Montevideo, Uruguay, which took place on January 6.
Te undercard Gran Premio Maroñas (URU G2) race carried the SIS name and builds on the long- standing partnership at the Maroñas racetrack, where SIS is the exclusive global distributor of pictures and data. In addition to this racecard, SIS also sponsored races on Gran Premio General Artigas and Gran Premio Anniversary days.
Te deal further underlines the firm commitment of SIS to support the success of racing across the whole of Latin America, following on from a similar recent sponsorship of the historic Argentine Derby, the Gran Premio Nacional at Hipodromo Palermo.
All international racing content supplied by SIS is made available via SIS 24/7 Live Betting services,
an end-to-end solution which offers round-the-clock betting events incorporating live streamed pictures, data, on-screen graphics with betting triggers, and an extensive range of markets and prices.
As well as the Hipodromo Nacional de Maroñas, SIS also works in partnership with a range of major race courses in Latin America. In total, SIS delivers more than 30,000 live horse racing events each year, including premium races from Argentina, Chile, Mexico, and Uruguay.
Ramon Rionda, Vice President of Racing at Codere, said: “We have enjoyed a successful partnership with SIS at all of our tracks and it’s great to have extended that alliance with a sponsorship on our prized Gran Premio José Pedro Ramírez day.
“Partnering with SIS, enables us to share this historic race day with racing fans all over the world.”
Brazil
Te former Minister of Justice and Public Security, Anderson Torres, has been removed from his post from Caixa’s supervisory board. His removal comes as a result of an investigation into whether he colluded with the storming of congress, the presidential palace and the top court in Brasilia. Te attack on the headquarters of the Tree Powers, in Brasília, took part last Sunday (8). Te Supreme Court has accused Torres of failing to act in his role as the capital’s security chief.
Supreme Court Judge Alexandre de Moraes said, Mr Torres’s “omission was amply proven by the predictability of the conduct of criminal groups and the lack of security that enabled the invasion of public buildings.”
After the end of the Bolsonaro administration, of which Torres was a member, he took over the Public Security Secretariat of the Federal District, which is responsible for security in the capital. At the time of the attack, Torres was in Miami on vacation.
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