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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.
Opap in memorandum of understanding With Inspired -
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DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
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William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
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Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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