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High Hopes For Brazil Online Gambling
HOPES HIGH FOR BRAZIL LEGALISATION
Gambling reform bill expected in the national House.
Brazilian media reports this week have triggered hopes for online gambling legalisation in the vast South American nation, with the expectation that within the next week the national House will see a new gaming reform bill (PL442/1991) featuring the genre, although it may take some time to pass.
A Senate committee in April passed legislation PLS 186/2014 that would authorise a general land gambling expansion which includes online gambling, and this is currently awaiting further debate and possibly a vote on the Senate floor.
Eilers Research, an independent industry monitor, predicted in an April 2016 report that: “This year’s expansion proposal has the best odds of passing in over a decade due to the current state of the Brazilian economy and desperate need for additional tax revenue combined with growing political support.”
A spokesman for BetConsult - a local consultant to the Brazilian industry - is also optimistic, and says the demand for gambling in Brazil is "huge".
He estimated legal betting is already a 14.2 billion real ($4.2 billion) business, primarily from state lotteries, while illegal gambling totals close to 20 billion reais per year, with an estimated 200,000 Brazilians gambling abroad every month.
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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
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Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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