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Brazil Gambling Bill SB 186/2014
Sunday March 13,2016 : MORE AMENDMENTS TO BRAZIL GAMBLING BILL (Update)
But measure SB 186/2014 progresses and has more detail.
Brazil's march towards a new gambling regulatory regime that embraces online gambling is a slow one, but this week further progress has been made, albeit only at the committee stage in the House of Representatives.
InfoPowa readers may recall that SB 186/2014 deals with major changes to the nation's gambling laws in order to accept regulated casino, sports betting and online gambling. The bill was actually approved by the Special Committee on National Development last December, but was submitted to further debate and a total of 16 new amendments more recently.
This week it was re-approved by the committee and has emerged with a little more detail.
Key among the bill's provisions are proposals on the rate of taxation, and in the case of online gambling these are hardly good news, with a 20 percent tax on GGR - twice that proposed for land casino companies. Brazilian lawmakers feel that such a disparity is justified, given that brick and mortar casino companies face considerably higher start-up and running costs.
Most of the amendments concern the land gambling provisions of the bill, where it has been proposed that licensees will be granted 30-year licenses and must have a physical presence in the country, but there is no indication at present of how much in initial fees they will be required to pay.
There are preventative and severe punitive measures for illegal operators once the bill has been implemented, and these include blocking illegal financial transactions by Brazil's central bank and financial institutions, and jail terms for transgressors.
Individual Brazilian provinces will be allowed up to three land casinos each, with gambling facilities not to exceed 10 percent of the overall footprint of the hotel or resort applying for licensing.
Progress on the full content of the bill has been slow, and there is little to suggest that it will accelerate...but at least there is movement.
Summer Is Here: It’s the 2017 Super Millions Poker Open -
The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.
Americas Card Room Biggest OSS CUB3D ever -
Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money.
Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.
Jurassic World Online Slot live -
During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
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