The Brazilian government has added Stake, Hiper Bet, and LBBR to its official whitelist of betting operators that have received approval to operate within the transition period from 1 October to 31 December before the nation launches its regulated betting sector. These additions bring the total number of authorized operators to 96, which manage 213 live brands.
Approved Operators Can Get a Crucial Headstart
Stake and Hiper Bet received approval for one domain each, while LBBR filed its luck.bet, 1pra1.bet, and startbet.io brands. The Brazilian government’s Secretariat of Prizes and Betting (SPA) clarified that the three companies resolved several issues related to the authorization process, leading to their additions to the list of approved companies.
Stake, one of the most notable new entries, commented on this matter, highlighting its commitment to the Brazilian market. The company has invested significant efforts in the region with plans to open an office in São Paulo. Stake’s experience in other LatAm markets should help it secure a market share despite stiff regional competition.
Operators wishing to operate within the Brazilian market had to present their applications by 11:59 pm on 30 September. Companies that failed to complete this step cannot offer services during the transition period. Brazil’s regulated gambling market, which will allow new operators to launch their services, is set to open on 1 January 2025.
Several Regulatory Issues Remain Unresolved
Meanwhile, the parent company of Esportes da Sorte, Esportes Gaming Brazil, was added to the SPA state-approved operator list after it acquired Loterj-licensed platform ST Soft. Despite this positive development, Esportes da Sorte has remained off the federal whitelist. Loterj claims its licensees can operate nationwide, but a recent court case challenged this stance.
The Federal Regional Court recently ruled that Loterj does not have the legal right to license operations beyond the territorial borders of Rio de Janeiro. This dispute stems from worries that allowing Loterj brands to operate nationwide without a proper federal license could lead to double standards and a lack of regulatory oversight.
As the market approaches its January 2025 launch, these developments highlight the growing complexities of Brazil’s gambling sector. State and federal authorities have a few months to resolve their contested issues and ensure the nation’s regulated gambling market launches without significant disruptions, giving consumers adequate protections regardless of which operator they engage with.
Showing posts with label Brazil. Show all posts
Showing posts with label Brazil. Show all posts
August 05, 2024
Brazil Bets framework complete as SPA settles on Responsible Gambling rules
The Secretariat of Prizes and Betting (SPA) has completed the technical framework required for the government of Brazil to launch a federal online gambling market – commonly referred to as ‘Bets’.
On Friday, the SPA submitted ordinance No.1231 to the government, outlining its rules and technical guidelines for responsible gambling with regard to marketing, communications, and advertising of the Bets market.
The document supports previous SPA ordinances on IT securities, AML, licensing criteria, and game authorisations to guarantee the launch of a legal framework for “ethical and licensed gambling for the Federal Constitution of Brazil.”
SPA guidelines underscore that operating agents must observe Responsible Gambling as a duty of “promoting healthy, socially responsible gambling while preventing harm.”
Betting agents must adhere to statutory duties educating customers on the risks of gambling addiction/disorders and ensure compliance with age restrictions prohibiting under-18s from online gambling.
All customers must be provided with tools to set limits on money and time spent gambling, as betting agents must ensure that customers are monitored for symptoms of gambling disorders.
Self-exclusion from online gambling activities is recognised as a “legal right for customers,” in which operators must ensure no marketing communication with players that have self-excluded.
Operators must ensure that customers have the legal right to access clear information on odds, terms, and conditions, and to withdraw funds and close accounts without unnecessary restrictions.
Personal data and privacy must adhere to rules on IT securities. Customers are required to provide accurate personal information and comply with the legal requirements of betting firms on ID verification. Customers cannot act as intermediaries for third-party bets.
Prior to licensing, all operators must present the SPA with a “responsible gaming policy” and ensure that it accurately reflects the actual functioning of its betting system.
The integrity of betting systems includes complying with regulatory requirements on AML protections and the filing of income statements and tax receipts.
Advertising rules prohibit targeting minors and vulnerable audiences. Marketing campaigns cannot imply “gambling as a solution to financial problems,” or make misleading claims about winning odds, linking gambling to personal or financial success.
Advertisements must clearly display age restrictions (18+) and warnings about addiction risks, as betting agents must ensure that all “promotional content is clearly identifiable as advertising.”
On social media, campaigns must be transparent when promoted by influencers, who must disclose the commercial relationship and ensure that campaigns are promoted to over-18 audiences.
The ordinance upholds the rule that customer sign-up bonuses are prohibited, but “actions that encourage bettor loyalty are permitted.”
In sports and media sponsorship, betting campaigns must promote responsible advertising and avoid sponsoring events or teams involving minors. Sponsorships will be reviewed to ensure responsible messaging to audiences.
The SPA detailed that regulatory oversight of advertising campaigns will be initiated from the market’s expected launch on 1 January 2025, with “immediate sanctions for non-compliance.”
Stringent administrative penalties have been outlined for individuals or entities that violate regulations, including warnings, fines, suspension of activities for up to 180 days, and cancellation of authorisations.
As outlined under licensing accreditations, Bets fines may range from 0.1% to 20% of the revenue generated in the year preceding the initiation of proceedings, with a maximum limit of BRL 2 billion.
Offenders may also face prohibitions from obtaining new authorisations and engaging in certain activities for up to ten years, as well as being banned from participating in public service concessions for at least five years.
On Friday, the SPA submitted ordinance No.1231 to the government, outlining its rules and technical guidelines for responsible gambling with regard to marketing, communications, and advertising of the Bets market.
The document supports previous SPA ordinances on IT securities, AML, licensing criteria, and game authorisations to guarantee the launch of a legal framework for “ethical and licensed gambling for the Federal Constitution of Brazil.”
SPA guidelines underscore that operating agents must observe Responsible Gambling as a duty of “promoting healthy, socially responsible gambling while preventing harm.”
Betting agents must adhere to statutory duties educating customers on the risks of gambling addiction/disorders and ensure compliance with age restrictions prohibiting under-18s from online gambling.
All customers must be provided with tools to set limits on money and time spent gambling, as betting agents must ensure that customers are monitored for symptoms of gambling disorders.
Self-exclusion from online gambling activities is recognised as a “legal right for customers,” in which operators must ensure no marketing communication with players that have self-excluded.
Operators must ensure that customers have the legal right to access clear information on odds, terms, and conditions, and to withdraw funds and close accounts without unnecessary restrictions.
Personal data and privacy must adhere to rules on IT securities. Customers are required to provide accurate personal information and comply with the legal requirements of betting firms on ID verification. Customers cannot act as intermediaries for third-party bets.
Prior to licensing, all operators must present the SPA with a “responsible gaming policy” and ensure that it accurately reflects the actual functioning of its betting system.
The integrity of betting systems includes complying with regulatory requirements on AML protections and the filing of income statements and tax receipts.
Advertising rules prohibit targeting minors and vulnerable audiences. Marketing campaigns cannot imply “gambling as a solution to financial problems,” or make misleading claims about winning odds, linking gambling to personal or financial success.
Advertisements must clearly display age restrictions (18+) and warnings about addiction risks, as betting agents must ensure that all “promotional content is clearly identifiable as advertising.”
On social media, campaigns must be transparent when promoted by influencers, who must disclose the commercial relationship and ensure that campaigns are promoted to over-18 audiences.
The ordinance upholds the rule that customer sign-up bonuses are prohibited, but “actions that encourage bettor loyalty are permitted.”
In sports and media sponsorship, betting campaigns must promote responsible advertising and avoid sponsoring events or teams involving minors. Sponsorships will be reviewed to ensure responsible messaging to audiences.
The SPA detailed that regulatory oversight of advertising campaigns will be initiated from the market’s expected launch on 1 January 2025, with “immediate sanctions for non-compliance.”
Stringent administrative penalties have been outlined for individuals or entities that violate regulations, including warnings, fines, suspension of activities for up to 180 days, and cancellation of authorisations.
As outlined under licensing accreditations, Bets fines may range from 0.1% to 20% of the revenue generated in the year preceding the initiation of proceedings, with a maximum limit of BRL 2 billion.
Offenders may also face prohibitions from obtaining new authorisations and engaging in certain activities for up to ten years, as well as being banned from participating in public service concessions for at least five years.
January 02, 2024
Lula signs Brazil Sports Betting Bill into federal law
President Luiz Inácio ‘Lula’ da Silva has signed Bill PL3626/23 into law, which will establish the regulatory framework for Brazil to launch its federal sports betting marketplace.
Authorised by Lula on Saturday, December 30, the president’s endorsement completes the legislative process, steering clear of the 2022 impasse when former President Jair Bolsonaro withheld federal sign-off of sports betting.
The Workers’ Party (PT) government revised Bill PL3626/23, which underwent federal evaluation by Brazil’s Senate Committees starting in September. The evaluation process led to over 100 amendments being authorised by the Committees to secure federal approval for the bill.
Despite the amendments, the Senate faced unresolved disputes regarding the authorization of online casino operations, contested by Senators from the Liberal Party. Consequently, the bill was returned to the Chamber of Deputies for a decisive vote on the remaining amendments, casting uncertainty on its legislative future.
On December 22, in the Chamber of Deputies’ final session, 261 members voted for the bill (120 against), endorsing the legislative framework for online casino games.
As published in a special edition of the government’s ‘Diário Oficial da União‘ on December 30, Lula signed Bill PL3626/23 into law, introducing a new regulatory regime for sports betting, commonly referred to as ‘Bets.’
The federal framework is in line with the PT government’s objective to enhance state revenues, with projections indicating that a regulated sports betting market could generate at least R$ 10 billion for public services.
However, during its federal endorsement, Lula imposed vetoes on ‘certain aspects’ of the bill, most notably concerning the tax exemption for betting prizes up to R$ 2,112 (€450). This move, recommended by the Ministry of Finance, was based on the principle of ‘tax equality,’ deemed essential as Brazil’s sports betting market evolves.
The presidential tax vetoes are now pending further examination by the National Congress, where they can be sustained or overruled.
The Senate’s Economic Affairs Commission (CAE) proposals for fiscal and tax structures have been maintained. Licensed operators in Brazil’s federal market will face a 12% tax, whereas player prizes will be taxed at 15%.
To obtain a federal license valid for five years, businesses must pay BRL 30 million (approximately €5.5 million). This license allows the operation of up to three brands. Eligibility is restricted to firms incorporated under Brazilian law with headquarters in the country, and they must appoint a legal guardian domiciled in Brazil.
Revenue from the Bets regime will be allocated to various sectors: 36% to sports ministries and committees, 28% to tourism, 13.6% to public safety, and 10% each to education and social security. Health will receive 1%, civil society entities 0.5%, the Police Federal Equipment and Operation Fund 0.5%, and the Brazilian Agency for Industrial Development 0.4%.
2024’s agenda will see the Ministry of Finance publishing regulations to initiate Brazil’s federal sports betting market. Outstanding responsibilities will include establishing a ‘dedicated market supervisor’ to oversee standards, conduct, and consumer protection in Brazil’s new gambling sector.
Prior to Lula’s authorisation, the Ministry reported that 134 businesses had expressed interest in joining Brazil’s impending online gambling market by submitting their pre-market ordinance measures.
Authorised by Lula on Saturday, December 30, the president’s endorsement completes the legislative process, steering clear of the 2022 impasse when former President Jair Bolsonaro withheld federal sign-off of sports betting.
The Workers’ Party (PT) government revised Bill PL3626/23, which underwent federal evaluation by Brazil’s Senate Committees starting in September. The evaluation process led to over 100 amendments being authorised by the Committees to secure federal approval for the bill.
Despite the amendments, the Senate faced unresolved disputes regarding the authorization of online casino operations, contested by Senators from the Liberal Party. Consequently, the bill was returned to the Chamber of Deputies for a decisive vote on the remaining amendments, casting uncertainty on its legislative future.
On December 22, in the Chamber of Deputies’ final session, 261 members voted for the bill (120 against), endorsing the legislative framework for online casino games.
As published in a special edition of the government’s ‘Diário Oficial da União‘ on December 30, Lula signed Bill PL3626/23 into law, introducing a new regulatory regime for sports betting, commonly referred to as ‘Bets.’
The federal framework is in line with the PT government’s objective to enhance state revenues, with projections indicating that a regulated sports betting market could generate at least R$ 10 billion for public services.
However, during its federal endorsement, Lula imposed vetoes on ‘certain aspects’ of the bill, most notably concerning the tax exemption for betting prizes up to R$ 2,112 (€450). This move, recommended by the Ministry of Finance, was based on the principle of ‘tax equality,’ deemed essential as Brazil’s sports betting market evolves.
The presidential tax vetoes are now pending further examination by the National Congress, where they can be sustained or overruled.
The Senate’s Economic Affairs Commission (CAE) proposals for fiscal and tax structures have been maintained. Licensed operators in Brazil’s federal market will face a 12% tax, whereas player prizes will be taxed at 15%.
To obtain a federal license valid for five years, businesses must pay BRL 30 million (approximately €5.5 million). This license allows the operation of up to three brands. Eligibility is restricted to firms incorporated under Brazilian law with headquarters in the country, and they must appoint a legal guardian domiciled in Brazil.
Revenue from the Bets regime will be allocated to various sectors: 36% to sports ministries and committees, 28% to tourism, 13.6% to public safety, and 10% each to education and social security. Health will receive 1%, civil society entities 0.5%, the Police Federal Equipment and Operation Fund 0.5%, and the Brazilian Agency for Industrial Development 0.4%.
2024’s agenda will see the Ministry of Finance publishing regulations to initiate Brazil’s federal sports betting market. Outstanding responsibilities will include establishing a ‘dedicated market supervisor’ to oversee standards, conduct, and consumer protection in Brazil’s new gambling sector.
Prior to Lula’s authorisation, the Ministry reported that 134 businesses had expressed interest in joining Brazil’s impending online gambling market by submitting their pre-market ordinance measures.
November 23, 2023
Brazilian Senate Committee Approves Sports Betting Tax Bill
Brazil’s Senate’s Committee on Economic Affairs (CAE) greenlit a proposal on November 22 to regulate and tax the burgeoning market of online sports betting and casinos in the country.
The approved bill lays out regulations governing the operations of betting houses in the country. It proposes a 12% tax on companies operating in the sector and a 15% tax on the winnings accrued by bettors – a rate slightly lower than what the Ministry of Finance had initially suggested.
The committee also passed a request for an expedited vote on the proposal, already approved by the Chamber of Deputies, to be scheduled in the main plenary session of the Senate. Senate President Rodrigo Pacheco had hinted on November 21 that the bill could be on the agenda for this Wednesday’s session.
Senator Angelo Coronel, the bill’s rapporteur, expressed optimism about a plenary vote happening next week rather than the current week.
The proposed regulations are intended to cover fixed-odds bets on real sporting events and online gaming events such as casinos. The Ministry of Finance sees this initiative as a key revenue stream for the Union in the coming year, aligning with its broader goal of achieving a fiscal deficit of zero by 2024 without increasing public debt.
The proposed legislation focuses on regulating the online sports betting and casino sector, outlining key facets for operational compliance. The authorization process for online betting companies involves a thorough evaluation by the Ministry of Finance, considering documentation, company reputation, and technical and financial capacity.
To ensure local involvement, the rapporteur recommends that at least 20% of a company’s social capital be held by a Brazilian citizen. Those associated with betting houses will be barred from engaging in football corporations, sports organizations, financial institutions, or payment processors handling bets.
For accreditation, companies must pay a licensing fee of up to BRL30 million ($6.1 million) in Brazil, valid for three commercial brands over five years.
Restrictions on participation extend to individuals under 18, betting house personnel, public officials, and those diagnosed with gambling addiction. Facial recognition technology will be mandated for player identification. Oversight will fall under the Ministry of Finance, with penalties ranging from warnings to fines based on revenue percentages. The legislation emphasizes security measures, auditable systems, and actions against money laundering and terrorism financing.
The approved bill lays out regulations governing the operations of betting houses in the country. It proposes a 12% tax on companies operating in the sector and a 15% tax on the winnings accrued by bettors – a rate slightly lower than what the Ministry of Finance had initially suggested.
The committee also passed a request for an expedited vote on the proposal, already approved by the Chamber of Deputies, to be scheduled in the main plenary session of the Senate. Senate President Rodrigo Pacheco had hinted on November 21 that the bill could be on the agenda for this Wednesday’s session.
Senator Angelo Coronel, the bill’s rapporteur, expressed optimism about a plenary vote happening next week rather than the current week.
The proposed regulations are intended to cover fixed-odds bets on real sporting events and online gaming events such as casinos. The Ministry of Finance sees this initiative as a key revenue stream for the Union in the coming year, aligning with its broader goal of achieving a fiscal deficit of zero by 2024 without increasing public debt.
The proposed legislation focuses on regulating the online sports betting and casino sector, outlining key facets for operational compliance. The authorization process for online betting companies involves a thorough evaluation by the Ministry of Finance, considering documentation, company reputation, and technical and financial capacity.
To ensure local involvement, the rapporteur recommends that at least 20% of a company’s social capital be held by a Brazilian citizen. Those associated with betting houses will be barred from engaging in football corporations, sports organizations, financial institutions, or payment processors handling bets.
For accreditation, companies must pay a licensing fee of up to BRL30 million ($6.1 million) in Brazil, valid for three commercial brands over five years.
Restrictions on participation extend to individuals under 18, betting house personnel, public officials, and those diagnosed with gambling addiction. Facial recognition technology will be mandated for player identification. Oversight will fall under the Ministry of Finance, with penalties ranging from warnings to fines based on revenue percentages. The legislation emphasizes security measures, auditable systems, and actions against money laundering and terrorism financing.
April 12, 2023
Brazil To Raise Sports Betting Taxes
Brazil passed the law allowing for sports betting to be legal in the country but now the government are reported to be looking at charging gambling firms 15% tax on their gross gaming revenues (GGR0 according to reports in the country.
Local news outlets say that once President Luiz Inacio Lula da Silva returns from his official state visit from China next week he will sign into law the new tax regime along with increasing the fee to operate in the country to almost $6 million.
It is hoped that the government will reap in some $2.9 billion a year from the new tax and operating levy.
The executive order on the increase will be signed by the President and Finance Minister Fernando Haddad it is said and will require any betting firm who wishes to operate to be based in Brazil. The increase in fee and tax it is hoped will help offset the increased amount spent on public spending.
March 13, 2023
Brazil Will Promote Sports Betting while Ignoring Online Casinos
With income on the agenda, Lula promotes sports betting to boost revenue. But why Lula has chosen to ignore online casinos is a question on everyone’s mind.
Brazil is introducing a new sports betting regime under the leadership of its President, Lula da Silva. Politicians expected the move to generate significant tax revenue for the country in the coming years.
Tax Revenue will Increase
The Treasury has estimated that the sector could bring between $385M and $1.1B annually. Those funds are used to help offset an increase in income tax exemptions in Brazil resulting from recent legislation changes.
The legislation won’t include online casinos but will provide ordinances explaining how companies can legalise their operations within this new framework. To ensure that all aspects are considered, Deputy Felipe Carreras has been authorised to collect 171 signatures for an investigative commission (CPI) to analyse the bill and provide any potential issues or concerns that are carefully addressed during its drafting phase.
Match-fixing and Manipulation Issues
Moreover, particular attention will be paid to match-fixing and manipulation, as these have been essential discussion topics regarding sports betting in recent months across international forums and debates.
Ultimately, this move by Brazil’s Presidency is set to bring significant financial benefits to the country while also providing a more secure landscape for placing bets on various sporting events both domestically and internationally – something many bettors desire regardless of where they are located around the world today.
With this new regulation being implemented sooner rather than later, we could see considerable changes within Brazilian society over the next few years as more people feel comfortable engaging in sports betting activities due to these new laws being passed down by their government officials here at home.
The Bottom Line
Fixing the bottom line is high on the agenda for Brazil’s President Lula da Silva, and sports betting is one of the key strategies he has chosen to achieve this goal. The legislation will not include online casinos but will provide ordinances to ensure a safe environment for bettors in the country. Moreover, steps are being taken to avoid potential manipulation and match-fixing issues.
This move could bring significant revenues to the country while providing a more secure landscape for bettors. It will be illuminating to see the impact of this legislation on Brazilian society in the coming years.
February 25, 2022
Brazilian deputies vote to legalise gambling
The vote was to take place on 22 February, but was pushed back until yesterday (23 February).
Deputies voted 246-202 in favour of Bill 442/1191, bringing various forms of gambling to Brazil for the first time since a wide-reaching ban came into effect in 1946.
Bill 442/1191 was first introduced more than 30 years ago, initially as a jogo de bicho bill, and has been subject to various amendments throughout the years, adding more channels and types of gaming.
The bill would bring casino, online gaming, horse racing, slot machines, bingo and jogo de bicho operations to Brazil.
Casinos can now be established in each of Brazil’s 26 states, in the form of integrated resorts. Under the bill, the state of São Paulo could have up to three casinos, while Rio de Janeiro, Minas Gerais and Bahia could have up to 2 casinos each. All other states could have one integrated resort each.
Casino licences will be available through a tender process, where the highest bid will obtain the licence.
No operator will receive two licenses in the same state, or over five in total.
Casino operators must pay a licence fee of BRL$600,000 (£89,100/€106,800/$119,700) per licensed establishment. Online gaming operators will be subject to a BRL$600,000 fee for each licensed domain. Bingo operators must pay BRL$20,000 per establishment while jogo de bicho operators must pay BRL$20,000 quarterly per licensed entity.
Online games of chance – though not betting which is being regulated separately – would be permitted, with both the federal government and states permitted to offer licences.
While licensed online gambling would be permitted, unlicensed foreign websites would be blocked, and servers for locally licensed igaming operators must be located in Brazil.
Gambling on credit will be prohibited and tax on winnings will stand at 15%.
The bill will also allow for the creation of SINAJ, a a gambling supervisory authority in Brazil. It will consist of a federal registry, a supervisory body and betting agents.
A service that would identify and block problem gamblers, titled National Register of the Prohibited (RENAPRO), will also be established.
The bill will now go to the Senate, which will vote on it today (24 February).
If approved, it must then be ratified by President Jair Bolsonaro before it is passed into law. Bolsonaro has the power to veto the bill, and has indicated that he would do so, but the Senate may override a veto. The Senate is expected to have the votes required to override a veto if needed.
February 05, 2016
PartyPoker to return to 21 online gambling markets under GVC
PartyPoker returns to 21 new online gambling markets including jurisdictions it exited as part of its “volume to value” strategy.
PartyPoker has begun operating in a number of new national markets after GVC Holdings completed its deal to buy bwin.party.
Bwin’s online poker room has written to affiliates asking them to estimate the number of first time depositors they anticipate in each market.
New sign-ups from 18 countries in EU and South America served by bwin.Party were blocked in April 2013. The decision was likely a mix of regulatory concern and simple cost analysis. The remaining countries may represent markets either too small or simply unprofitable for bwin.party to maintain operations in.
Many EU countries on the list curbed or prohibited online poker such as Greece, Poland, Romania, Cyprus and Hungary. Finland and Serbia, on the other hand, had a small regulated online poker markets.
South American countries — Argentina, Brazil and Colombia — were also blocked same with three former Soviet Republics Armenia, Belarus and the Ukraine.
Many of the markets that PartyPoker is re-entering are expected to introduce online poker licensing systems such as Colombia, which opened a consultation on launching a regulated online gambling market. Brazil has approved a legislative attempt to legalize online sports betting, casino and bingo games last year.
Bwin.party group head of partypoker and Cashcade Tom Waters confirmed the news to EGR, saying that it had re-opened in a “limited number of regulated territories” following a “thorough review” of PartyPoker’s operations.
“Along with other operators in the industry, we do accept gameplay from customers based in yet to be regulated territories where customers are not prevented from accessing online gaming products,” said Waters. “We have re-opened registration for a number of markets and could potentially look to do more if the commercials support it.”
PartyPoker has begun operating in a number of new national markets after GVC Holdings completed its deal to buy bwin.party.
Bwin’s online poker room has written to affiliates asking them to estimate the number of first time depositors they anticipate in each market.
New sign-ups from 18 countries in EU and South America served by bwin.Party were blocked in April 2013. The decision was likely a mix of regulatory concern and simple cost analysis. The remaining countries may represent markets either too small or simply unprofitable for bwin.party to maintain operations in.
Many EU countries on the list curbed or prohibited online poker such as Greece, Poland, Romania, Cyprus and Hungary. Finland and Serbia, on the other hand, had a small regulated online poker markets.
South American countries — Argentina, Brazil and Colombia — were also blocked same with three former Soviet Republics Armenia, Belarus and the Ukraine.
Many of the markets that PartyPoker is re-entering are expected to introduce online poker licensing systems such as Colombia, which opened a consultation on launching a regulated online gambling market. Brazil has approved a legislative attempt to legalize online sports betting, casino and bingo games last year.
Bwin.party group head of partypoker and Cashcade Tom Waters confirmed the news to EGR, saying that it had re-opened in a “limited number of regulated territories” following a “thorough review” of PartyPoker’s operations.
“Along with other operators in the industry, we do accept gameplay from customers based in yet to be regulated territories where customers are not prevented from accessing online gaming products,” said Waters. “We have re-opened registration for a number of markets and could potentially look to do more if the commercials support it.”
December 11, 2015
Brazil allows for gambling debate but national framework still faces long road
he Brazilian off and on approach to regulating gambling appears to be on again after a special review committee for the Brazilian Senate progressed the legislative agenda for a regulated national betting industry.
The idea of regulating gambling in a country that banned bingo reletively recently in 2007 was mooted earlier this year as the government faced a fiscal crunch.
Bill 186 has now been approved by the Special Committee on National Development, with the body reportedly including research on the prospect of opening a legalised national online gambling framework.
The committee’s findings, which includes the potential for 35 casinos in the country, will now be open for discussion to members of the Brazilian senate.
In light of its progress, Brazil’s pro-gambling lobby has stated that any new national gambling framework still faces a long road to becoming a reality, betting consumers and campaigners should therefore remain objective about the country adopting a legalised agenda in the near future.
2015 has seen Brazil suffer a financial ‘annus horribilis’ as the country sees its worst economic growth performance in 25 years. Furthermore this week the Moody Investor Service downgraded Brazil investment grade to ‘Junk Status’.
Close associates of President Dilma Rousseff have publicly stated that the government are willing to implement a new national gambling framework as state public funding initiatives appear to be “cash-strapped”.
However Rousseff critics have pointed out that the government are in no way prepared to act on their ‘easy rhetoric’, as any talk of progress on a national gambling agenda is met with in-action.
Leading Brazilian political figureheads have agreed that the government can no longer afford to ignore a potentially regulated industry that could raise an estimated R$ 23 billion (£4 billion) in taxes. Furthermore all political parties appear to agree that at present national gambling laws are simply out of date with modern consumer habits.
Brazil’s slow progress towards even reviewing its gambling framework has left many commentators cynically questioning whether any government would want to pass a national gambling framework which will potentially have to satisfy multiple stakeholders; at intra-state level, national sporting bodies, federal police and a divided senate.
The idea of regulating gambling in a country that banned bingo reletively recently in 2007 was mooted earlier this year as the government faced a fiscal crunch.
Bill 186 has now been approved by the Special Committee on National Development, with the body reportedly including research on the prospect of opening a legalised national online gambling framework.
The committee’s findings, which includes the potential for 35 casinos in the country, will now be open for discussion to members of the Brazilian senate.
In light of its progress, Brazil’s pro-gambling lobby has stated that any new national gambling framework still faces a long road to becoming a reality, betting consumers and campaigners should therefore remain objective about the country adopting a legalised agenda in the near future.
2015 has seen Brazil suffer a financial ‘annus horribilis’ as the country sees its worst economic growth performance in 25 years. Furthermore this week the Moody Investor Service downgraded Brazil investment grade to ‘Junk Status’.
Close associates of President Dilma Rousseff have publicly stated that the government are willing to implement a new national gambling framework as state public funding initiatives appear to be “cash-strapped”.
However Rousseff critics have pointed out that the government are in no way prepared to act on their ‘easy rhetoric’, as any talk of progress on a national gambling agenda is met with in-action.
Leading Brazilian political figureheads have agreed that the government can no longer afford to ignore a potentially regulated industry that could raise an estimated R$ 23 billion (£4 billion) in taxes. Furthermore all political parties appear to agree that at present national gambling laws are simply out of date with modern consumer habits.
Brazil’s slow progress towards even reviewing its gambling framework has left many commentators cynically questioning whether any government would want to pass a national gambling framework which will potentially have to satisfy multiple stakeholders; at intra-state level, national sporting bodies, federal police and a divided senate.
September 24, 2015
Brazil considers legalizing gambling
Brazil could legalise gambling to help stop increasing taxes on residents and to bring in revenues through gambling.
Presidnet Dilma Rousseff wants to raise personal taxes but lawmakers and congress want to look at re-establishing gambling in the country as an alternative revenue stream. The presidents chief of staff, Aloizio Mercadante, put the idea to lawmakers last week after they said the government will struggle to pass a controversial tax on financial transactions.
It has been nearly 70 years since Brazil allowed casino gambling back in 1946 and 8 years since bingo halls were also outlawed amid fears from the government that they encouraged money laundering. The only forms of gambling allowed is lotteries and horse racing.
Supporters of gambling say that Brazil could generate nearly $6 billion in gambling taxes a year and could have been much larger if the country had allowed gambling before the 2014 World Cup.
“When Brazilians want to gamble, they go to Paraguay, Montevideo, Las Vegas… and they leave all the money there,” said Mauricio Quintella, leader of the small, center-right Party of the Republic in the lower house of Congress and one of the lawmakers tasked with leading consultations on the idea.
However Brazil has a long way to go before any casinos are built, the country has seen major corruption scandals over the years and many Brazilians think that casinos and corruption go hand in hand. Convincing them that this will not be the case this time around will be an uphill task, but one many lawmakers believe is worth it for the taxes they can gain from casinos.
Presidnet Dilma Rousseff wants to raise personal taxes but lawmakers and congress want to look at re-establishing gambling in the country as an alternative revenue stream. The presidents chief of staff, Aloizio Mercadante, put the idea to lawmakers last week after they said the government will struggle to pass a controversial tax on financial transactions.
It has been nearly 70 years since Brazil allowed casino gambling back in 1946 and 8 years since bingo halls were also outlawed amid fears from the government that they encouraged money laundering. The only forms of gambling allowed is lotteries and horse racing.
Supporters of gambling say that Brazil could generate nearly $6 billion in gambling taxes a year and could have been much larger if the country had allowed gambling before the 2014 World Cup.
“When Brazilians want to gamble, they go to Paraguay, Montevideo, Las Vegas… and they leave all the money there,” said Mauricio Quintella, leader of the small, center-right Party of the Republic in the lower house of Congress and one of the lawmakers tasked with leading consultations on the idea.
However Brazil has a long way to go before any casinos are built, the country has seen major corruption scandals over the years and many Brazilians think that casinos and corruption go hand in hand. Convincing them that this will not be the case this time around will be an uphill task, but one many lawmakers believe is worth it for the taxes they can gain from casinos.
April 01, 2014
Ads That Show How Gambling Can Reduce You From Royalty To Nothing
Brazillian ad agency Revolution has created some gorgeous ads for their client, Quatro Estações.
Instituto Quatro Estações is institute for the treatment of psychiatric disorders in Brazil.
In these beautifully art directed ads, it shows the damages that gambling can do to you, reducing you from being a King, or Queen, to being haggard and out of energy.
Instituto Quatro Estações is institute for the treatment of psychiatric disorders in Brazil.
In these beautifully art directed ads, it shows the damages that gambling can do to you, reducing you from being a King, or Queen, to being haggard and out of energy.
April 24, 2013
Bwin.party look to withdraw from 18 countries.
Bwin.party have announced they are blocking players from 18 countries within the EU and also South America. Those countries involved are Greece, Poland, Romania, Cyprus, Finland, Serbia, Armenia, Belarus, Croatia, Hungary, Latvia, Lithuania, Macedonia, Slovenia, Ukraine, Argentina, Brazil and finally Colombia.
The move was announced to affiliates by the company on an email on Friday 19th April.
On the email it said that from the 30th April no new singups will be accepted from those countries and also there was a request that all marketing material aimed at those countries be removed. However all existing accounts will remain open, and affiliate commission to those accounts will continue to be paid.
It is thought the move is connected with those countries mentioned looking to reduce or prohibit online gambling within their borders in the future along with the commercial aspect that those mentioned are small in operating value and allows bwin.party to focus their efforts on more lucrative markets such as the US and more recognised and profitable regions such as the UK and Spain.
The move was announced to affiliates by the company on an email on Friday 19th April.
On the email it said that from the 30th April no new singups will be accepted from those countries and also there was a request that all marketing material aimed at those countries be removed. However all existing accounts will remain open, and affiliate commission to those accounts will continue to be paid.
It is thought the move is connected with those countries mentioned looking to reduce or prohibit online gambling within their borders in the future along with the commercial aspect that those mentioned are small in operating value and allows bwin.party to focus their efforts on more lucrative markets such as the US and more recognised and profitable regions such as the UK and Spain.
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