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Reports BRAZIL - MARKET REPORT


Te process was delayed due to COVID-19. However, significant progress has been made. In June 2020, Brazil’s Council of the Investment Partnerships Program (PPI) included sports betting in its recovery programme in order to mitigate the negative consequences caused by the pandemic. Crucially, the meeting was held in the presence of President Bolsonaro and Economy Minister, Paulo Guedes, with sports betting high on the agenda. In August, President Bolsonaro signed Decree 10,467 ordering BNDES to work with the Ministry of the Economy to oversee the launch of sports betting. In August 2020, President Bolsonaro further signed Decree 10,467 ordering BNDES to work with the Ministry of the Economy to oversee the launch of sports betting.


In February, BNDES published a “Request for Information” calling on consultants and expert organisations to contribute to how sports betting will be structured. Via this request BNDES aims to contract technical services to structure the sports betting laws.


Tere is still a lot of work to be done before regulation is in place and licences are finally granted. Crucially, states are already beginning to allow for sports betting under a wider expansion of their own lotteries meaning that as each day that passes the value of federally sanctioned sports betting licences could diminish. In addition, the STF decision could open up the market before sports betting is officially launched. In December 2020, Waldir Eustáquio Marques Jr. the Under Secretary of Prizes and Draws of the Ministry of Economy,


In December 2020, Waldir Eustáquio Marques Jr., the Under Secretary of Prizes and Draws of the Ministry of Economy, said that regulation would be in place by July 2021. However, the government is unlikely to meet this deadline as Requests for Proposals (RFPs) had not yet been sent out by Te Brazilian Development Bank.


said that regulation would be in place by July 2021. However, the government is unlikely to meet this deadline as Requests for Proposals (RFPs) have not yet been sent out by Te Brazilian Development Bank (BNDES) to applicants.


LEGISLATIVE PROPOSALS


Currently there are two bills, both of which would allow for a major expansion of the gaming industry: one in the Senate and the other in the House of Deputies. Tese bills have been tabled for debate for years and like many pro-gaming bills in other jurisdictions in the region, such as Mexico, have become stalled in a legislative quagmire. Indeed, Bill 442/1991(PL 442/91) in the Chamber of Deputies replaces and


P78 WIRE / PULSE / INSIGHT / REPORTS


is in part an amalgamation of as many as 20 other gambling related projects, all of which have been discussed since 1991. Now on the Plenary’s Agenda the bill permits casinos as part of the creation of integrated resorts. Each state would have up to three casino establishments, depending on the state's population. It would also allow for traditional bingo and video-bingo in casinos, bingo halls, jockey clubs, and football stadiums. Meanwhile, slot machines would only be allowed in casinos according to the bill.


Senate Bill No. 186/2014 would also allow for casinos in integrated resorts and is wider in scope. In all 35 resort casinos would be permitted with at least one per state while some states would be permitted to have as many as three. Te animal game, casinos, bingo halls,


online gambling and betting would be permitted throughout Brazil, but slot machines outside of casinos are not covered by the bill.


Besides these two bills a number of other proposals have been put forward, some of which have been attached to the bill in the lower house. Overall, new proposals have been aimed at allowing for the establishment of casino provided they are combined as part of integrated resorts in order to boost tourism.


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