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Brazil – New sportsbetting bill put forward in the senate

Tuesday 14 de March 2023 / 12:00

2 minutos de lectura

(Brazil).- A new sports betting bill has been put forward in the senate. Bill (PL 845/2023) was presented by senators Jorge Kajuru and Hamílton Mourão. The proposal establishes rules for sports betting companies in the market. Senator Jorge Kajuru said that sports betting regulation was a matter of urgency due to the huge proliferation of online sports betting over recent years.

Brazil – New sportsbetting bill put forward in the senate

“In my opinion, the time had come to take care of this matter – this wasp’s nest. Because of the dizzying growth of the sports betting market and the problems arising from the lack of regulation. And the lack of specific legislation has led companies to base their business abroad, which generates losses to the public coffers due to the lack of tax collection,” said Kajuru.

According to the proposal, companies would have to have at least one branch in Brazil, licenses would be valid for five years while taxes would be imposed on winnings and would be collected by the operator. Restrictions on advertising and gambling awareness measures would also be imposed.

“Advertising without brakes can generate serious social problems. It is worrying the number of teenagers and even children who venture into the world of gambling without proper knowledge of the risks to mental health, triggering not only compulsive behaviours but also addictions”, said Kajuru.

Part of the taxes collected by the newly regulated industry would be earmarked for public schools in poor communities. The bill will now be forwarded for further analysis in the committee stage.


Tags: Sports Betting, Sportsbook ,

País: Brazil

Región: South America


CGS Bahamas 2023

02 de May 2023

Successful edition of CGS Bahamas and promising prospects for CGS Chile

(Bahamas, SoloAzar Exclusive).- For Elizabeth Leiva, CEO of CGS GROUP, the balance of the recent edition of CGS Bahamas and the Regulators Forum was very positive. “The gaming industry in the Bahamas is constantly growing, regulated and changing,” says Leiva, as she prepares for CGS LATAM, which will take place in a few weeks in Santiago de Chile.

Friday 19 May 2023 / 12:00

Successful presentation of Land Vegas at CGS Bahamas

(Nassau, SoloAzar Exclusive).- David Fica Jaque, Founder and CEO of Land Vegas, presented in CGS Bahamas a preview of what will be Land Vegas, a Metaverse focused on entertainment and games, with sports betting and casino games. Exclusively with SoloAzar, he talked about his experience at the trade show and his plans for this year.

Monday 15 May 2023 / 12:00

Avigilon presented video surveillance at the CGS Bahamas Event

(Bahamas, SoloAzar Exclusive).- SoloAzar interviewed exclusively the regional sales director for Central America and the Caribbean of Avigilon, Norberto Torres, during the Caribbean Gaming Show (CGS) held on May 3rd and 4th in the Bahamas. In this article he tells us about the work they are doing, and the importance of being present in this event, as well as the firm´s plans for the future.

Tuesday 16 May 2023 / 12:00


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