New lobby group starts Brazilian regulatory push
The Parliamentary Front for the Regulatory Framework of Gaming in Brazil holds its first meeting today
A new Brazilian lobby group, created to push for the regulation of the country’s gambling market, will hold its first meeting Wednesday.
The Parliamentary Front for the Regulatory Framework of Gaming in Brazil said its mission statement is to “defend the legalization and regulation of gambling”.
The group will hold its first meeting at the national legislature today, with several international casino companies in attendance along with politicians and gaming lawyers.
Las Vegas Sands, Caesars Entertainment Corp., and Portugal’s Estoril Sol are all expected to be in attendance.
The Front’s leader Deputy César Halum told local media an initial focus will be on reviving bill PL 442/91, which was approved last year by a Special Committee before stalling.
The bill would specifically allow for online bingo and casino, supervised by a new regulatory body, as well as a host of land-based options like resort casinos and state-owned lotteries.
No specific tax on gaming was stipulated although there would be a 15% income tax on player profits when they cash out, and a 3.65% levy on GGR to go towards social contributions.
The online grey market in Brazil is worth approximately $3bn, according to the Brazilian government.