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  The Economic Affairs Commission (CAE) of the Brazilian Senate will meet today on the agenda, which regulates online sports betting or 'bets'. 




The Economic Affairs Commission (CAE) of the Brazilian Senate will meet today on the agenda, which regulates online sports betting or 'bets'.
Publicado: 2023-11-21

The report on PL 3626/2023 by Senator Angelo Coronel, rapporteur of the text, is expected to be presented yesterday and voted today Tuesday, both in the CAE and in the Senate Plenary. Brazilian media reported that the proposal is being processed simultaneously by the Sports Commission (CEsp), which approved the text on November 8 in the form of a report by Senator Romário.

 

It should be noted that the project approved by the Brazilian Chamber of Deputies provided for an 18% tax on the income of betting houses. Now, the parliamentarians in charge of the negotiations warned that it is very likely that this percentage will be reduced and differentiated taxation will be applied to companies and bettors.

 

Currently being debated is a proposal for a 12% tax on the gross income of betting houses and a 15% income tax rate for platform users.

 

The rapporteur must also maintain the proposal approved by the CEsp on the fixed concession of 30 million Brazilian reais for 5 years for three licenses and eliminate the restrictions on advertising approved by said congressional group.

 

 

On this point, Senator Jorge Kajuru (pictured) promised days ago that he will defend the permanence of betting sponsorship in free advertising both on club shirts as well as in the media under contract with betting houses, and without fixed hours. As it must undergo changes, the proposal must be voted on again in the House. The intention of Angelo Coronel and the others involved is that the text also has the support of the deputies.

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The imminent regulation of gambling in Brazil, could affect enjoys sale. 

The Economic Affairs Commission (CAE) of the Brazilian Senate will meet today on the agenda, which regulates online sports betting or 'bets'.

The sale process of Enjoy is still in the early stages, but it already has several interested parties in its assets.

According to the Chilean press, Logrand Entertainment, the main target as a possible buyer in recent months, is interested in acquiring the operator's positions. However, the rooms in Viña del Mar, Coquimbo and Pucón would be left out of the equation.

 

 

 

 

According to Diario Financiero, the company considers the prices paid for these permits “stratospheric”, so it would be more profitable to pay the guaranteed notes. In this way, other operators such as Dreams and Marina del Sol would have the opportunity to invest there.

 

On the other hand, Enjoy's perhaps most relevant asset, the Punta del Este casino, is the one that generates the greatest interest in international companies. There would already be advanced negotiations with five potential buyers, despite certain negative projections in this regard.

 

The imminent regulation of gambling in Brazil, which could include physical casinos, would be detrimental to the Uruguayan operation, whose main clients come from that country.

 

However, the Plaza Esteña is relevant beyond its games room, as it is a central destination for tourism in the region. In this way, it is very likely that it will remain one of the most important assets of the Chilean company.






Brazil one step away from being First World because of all the technology we have here, The Brazilian iGaming Summit 2024. 

The Economic Affairs Commission (CAE) of the Brazilian Senate will meet today on the agenda, which regulates online sports betting or 'bets'.

 

This Wednesday the Brazilian iGaming Summit 2024 / BiS SiGMA Americas 2024 Congress began at the Transamérica Expo Center in the city of Sao Paulo.

 

 

The opening speech was given by Alessandro Valente and Carlos Cardama, co-founders of the event, together with Eman Pulis representing the SiGMA Group.

 

We have held a fair that really is an example for all Latin America, I don't know if for the whole world. But, with great humility, we thank you all for your participation,” said Cardama,

 

Who also highlighted the current moment in Brazil “which is one step away from being First World because of all the technology we have here.”

 

The Congress will take place on April 24 and 25 with presentations from iGaming industry experts and large companies to explore new advances in technology and strategies.

 

 






SPA of Brazil met with authorities of the Buenos Aires Lottery (LOTBA). 

The Economic Affairs Commission (CAE) of the Brazilian Senate will meet today on the agenda, which regulates online sports betting or 'bets'.

Representatives of the Secretariat of Prizes and Betting (SPA) of Brazil met with authorities of the Buenos Aires Lottery (LOTBA), taking advantage of their visit to Buenos Aires during the CIBELAE 2024 Conference.

 

 

 

 

Simone Vicentini [pictured] , deputy secretary of the SPA, had a meeting with Jesús Acevedo, president of LOTBA, and his team, a meeting in which executives from Gaming Laboratories International (GLI), a certification company approved in both jurisdictions, also participated.

 


The participation of SPA members in the Cibelae 2024 Conference revolved around this year's central theme: "Sports Betting in Latin America: approaches to a developing market." The SPA, created in February of this year to regulate sports betting and online casino games, plans to develop and implement a regulatory framework for online gaming, payment methods, strategies for responsible gaming and prevention of money laundering.

 

All these areas are of reference for the LOTBA, and the meeting also served to share that experience.

 






Brazil: CBF establishes new rules and clubs can have betting house sponsorships on their uniforms 

The Economic Affairs Commission (CAE) of the Brazilian Senate will meet today on the agenda, which regulates online sports betting or 'bets'.

 

 

 

The Brazilian Football Confederation (CBF) published the new General Competition Regulations (RGC) of 20241. This document establishes the general norms and rules for the dispute of all championships organized by the entity. One of the most notable novelties of the new RGC is the regulation on betting house sponsorships on club uniforms. According to Article 114, the display of betting house brands on club uniforms is conditional on compliance with the requirements set forth in Law 14790/2023 and in the regulations of the Ministry of Finance.

 

Law 14790 on Sports Betting came into force on December 29. This rule and the regulation of the Ministry of Finance are fundamental for the implementation of the new rules on betting house sponsorships.

 

The new RGC also reinforces integrity actions and combats the manipulation of results. The CBF may request the production of a report by a company specialized in the detection of manipulation of results. In addition, sports betting companies must submit a declaration of non-involvement in any economic infringement or ethical violation related to the manipulation of sports results.

 

 






Coljuegos destroys more than 400 illegal machines and has 4,500 more ready. 

The Economic Affairs Commission (CAE) of the Brazilian Senate will meet today on the agenda, which regulates online sports betting or 'bets'.

In recent months, Coljuegos has dismantled illegal betting houses that would have stopped transferring nearly usd $20million annually in exploitation rights.

 

 

A total of 445 gambling elements such as slot machines, computer equipment, roulette wheels, televisions, among others, were destroyed by Coljuegos in the municipality of Itagüí, Antioquia. All these items were used in illegal gambling and were valued at nearly usd$500k.

 

 

We have another 4,600 illegal elements of games of luck and chance that will be destroyed in the coming days in municipalities such as Cali and Bucaramanga.”

 

 

Likewise, during the destruction of the items, $23,751,050 ( usd $4,500 )in coins and bills were found that were inside the electronic slot machines. These resources are constituted as a judicial deposit in the name of Coljuegos and may be transferred to health.





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