the suspension of its sitting president, Brazil could vote on
its new gambling bill as early as next month.
Brazil Gaming Congress 2016 kicked off on Wednesday, and the progress of the
country’s long awaited gambling legislation was front and center.Herculano
Passos (pictured), a Social Democratic Party member of the Chamber of
Deputies, said he expects the final draft of the gambling bill will be
delivered next week, with a vote following in June.
written, the SB 186/2014
legislation would authorize the introduction of up to 35
brick-and-mortar casinos, 1,200 bingo parlors and 600k video bingo terminals,
as well as an unspecified number of online sports betting, casino and bingo
licenses. A separate bill, PL 442/1991,
would repeal the ban on the popular numbers game jogo de bicho aka
the ‘animal game’ lottery.
Congress is being held during the biggest political upheaval the country has
witnessed in years. Early Thursday morning, Brazil’s senate voted 55-22 to
suspend President Dilma
Rousseff ahead of an impeachment trial on charges of
corruption. Vice-president Michel Temer will act as interim president
while Rousseff’s legal fate is decided.
what Rousseff’s suspension might mean for Brazil’s gambling legislation is
unclear, but Latin American gaming news portal Yogonet quoted
Passos saying he had “full confidence” that Temer has “a very positive view on
this issue, and will be one of the factors that will end the prohibition of
gambling in the country.”
is considered the great white whale of Latin American gaming markets and
Wednesday saw a presentation that attempted to quantify just what’s up for
grabs. According to Magno Jose Santos de Souza, president of the Legal
Gaming Institute, the country’s approved gambling options are worth $4b per
year, with the vast majority ($3.85b) coming via the Caixa Economica Federal
Lottery, with state lotteries adding $111m and turf (aka racing) worth about
illegal gambling market is said to be worth around $5.7b, of which $3.24b comes
from jogo de bicho. The country’s estimated 220k illegal slot machines are
reportedly generating over $1b per year, while online gambling sites contribute
around $875m and illegal bingo operations produce $370m.
De Souza claimed that the proposed
regulation of heretofore illegal gambling products could boost the country’s
annual market value to $16.8b, from which the cash-strapped government could
reap around $5b in annual tax and licensing revenue.