Renewed Push to Make Gaming State Run SOUTH AMERICA
A commission from the Frente Renovador party (Te Renewal Front) is drafting a new bill which would nationalise gaming in the province of Buenos Aires
Te new law would provide a new system of job stability for workers by creating a new job category for gaming
ARGENTINA LEGISLATION
URUGUAY – Punta del Este is one of the most important tourist destinations in Latin America. Visitors from all over the world, especially from Brazil and Argentina, choose Enjoy Punta del Este to holiday. Brazil in particular is one of the most important markets for the casino gaming resort, representing 50 per cent of its overall customer visitation. Against this backdrop, Zitro has installed its first bank of video bingo machines in the casino Enjoy Punta del Este.
The new games include innovative Zitro features such as the Super Win button, which allows the player to access the Super Bingo, Jerrypot, Bobby, ThunderBall and Sale prizes, or the community awards Aircash and Treasure Box.
Johnny Ortiz, President of Zitro, recently commented: "While we wait for the Brazilian authorities to legalise gaming, and allow us to work in this industry to start generating wealth and employment, we have gone to Punta del Este to meet our Brazilian customers, to offer our bingo video games in the most emblematic hotel casino in the region. We are deeply grateful to Enjoy Punta del Este, Hotel Conrad, who have given us this opportunity. "
COLOMBIA – Supra Games SAS’s Casino Malibu in Bello, Antioquia is the first casino in Colombia to feature IGT’s Spin Ferno tournament solution. IGT’s Spin Ferno solution enables operators to deploy high-energy, single or multi-site slot tournaments on the Company’s award-winning, mechanical reel S3000 cabinet.
“Casino Malibu is excited to be the first casino in Colombia to offer players the thrill of IGT’s Spin Ferno tournaments,” said Carlos Quintero, Supra Games SAS President. “Our players have developed an affinity for the S3000 cabinet, so we believe that they will be eager to experience the Spin Ferno offering in tournament mode and coin-in mode.”
“I am pleased to see the momentum of IGT’s Spin Ferno tournament solution extend to our valued customers at Casino Malibu,” said Jessica Luna, IGT Senior Director Sales Chile, Andean, Central America and Caribbean Region. “Spin Ferno is a proven solution that operators throughout Latin America are deploying with confidence to ignite player excitement and to differentiate their casino floors.”
IGT’s Spin Ferno solution is fueled by the Company’s Tournament Manager technology, and is part of IGT’s TournXtreme product family. The TournXtreme portfolio also includes IGT’s Spin-Splosion! video slot solution for tournaments on IGT’s CrystalDual and CrystalSlant cabinets, as well as a variety of video poker tournament options.
P16 NEWSWIRE / INTERACTIVE /
247.COM
A commission made up of two Senators and three Deputies from the Frente Renovador party (Te Renewal Front) is drafting a new bill which would nationalise gaming in the province of Buenos Aires. Te objective of the bill is to achieve more transparency when it comes to the industry, and increase revenue for the state by as much as $7bn pesos which would go to health and education.
Te new law would provide a new system of job stability for workers by creating a new job category for gaming while the present union structure would remain intact. Te bill also includes a 180-day long audit of slot machines and bank accounts belonging to gaming operators in order to detect possible money laundering, according to local daily Infocielo. Tis could possibly involve the intervention of the Financial Intelligence Unit. Te newly public owned gaming industry would also be granted a protection fund against possible lawsuits by current licence holders.
Chile
Gross Gaming Revenues in Chile including revenue generated by the seven municipal casinos stood at $35,169m in July. Tis is a decrease of -14.1 per cent compared to the same month last year while the cumulative gross gaming growth rate stood at -1 per cent. Te cumulative growth rate for the casinos took into account the period from August 2016 to July 2017, which were compared with the income of the period from August 2015 to July 2016.
According to the Chilean Gaming Control Board (SJC) GGR for the casinos which already come under the supervision of the SJC stood at $23,693m and made up 67.4 per cent of the total this is -15.6 per cent compared to July and a -1.3 per cumulative growth rate. Meanwhile GGR for the seven municipal casinos stood at $11,476m making up 32.6 per cent. Of the total bingo accounted for 0.1 per cent of gross gaming revenue. Roulette accounted for 5.1 per cent. Card games 11.4 per cent. Dice games 0.3 percent and slots 83.0.
Te draft of the new project will need the approval of the head of the party Sergio Massa before it goes any further. However, Massa has been in favour of making major changes to the industry for some time. In 2015 while a frontrunner in Argentina's presidential election Massa said he wanted to nationalise gaming, put the money towards education and challenged the government to make gaming state run.
“We need a country with more education and less gambling, so we are sure that gaming must be managed by the state. If they (the government) encourage the nationalisation of the railways, why not encourage the nationalisation of gaming?” he said in a statement.
“We need the kids in school and sports, and not thrown in the corner. Education is the best way for social inclusion and to generate equal opportunities,” he went onto say.
Instant lottery arm sell off in government privatisation plan
Brazil
President Michel Temer has announced that Lotex, the instant lottery division arm of the lottery, will be amongst the 57 public companies and airport terminals which will be privatised, with the objective of reducing the country's fiscal deficit which amounts to nearly US$500bn.
Lotex, which is currently owned by the biggest public bank in Latin America, the Caixa Econômica Federal (CAIXA) will be sold off to a private operator and the bank will no longer take part in the business. Te licence will be granted for a term of 30 years. It is estimated that the government could make US$320m from the sale.
Te sale is part of a huge asset sale which could help the government manage to cut the widening budget gap and reduce rising public debt.
Brazilian stocks rose on the back of the news.
As well as the announcement that the government was planning on selling off Electrobras, Brazil's largest energy company, the 57 public owned assets include oilfields, energy transmission lines, highways and even São Paulo’s city airport, as well as fourteen other airports nationwide.
Te Brazilian Development Bank (BNDES) a federal public company associated with the Ministry of Development, Industry, and Trade and the main financing agent for development in Brazil has been overseeing the privatisation of Lotex.
According to the government, the auction will now take place on December 10th after a government study found that instant games would bring a greater financial return to the government once they have been privatised. Meanwhile CAIXA will continue to run and operate traditional lotteries such as its most popular lottery the Mega-Sena.
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