Brazil is mulling further revisions to its proposed gambling law, including requiring online gambling operators to partner with local firms.
This week, the special committee headed by Senator Fernando Bezerra Coelho delivered its report on the country’s SB 186/2014 legislation, which aims to liberalize the country’s land-based and online gambling markets.
Coelho’s report would allow brick-and-mortar casinos, bingo, sports betting, online gambling, federal and state lotteries, sweepstakes and the ‘jogo de bicho’ numbers game. The report makes no mention of slot machines or video lottery terminals.
The report calls for gambling concessions to be either awarded to subsidiaries of the Caixa Federal Bank – which already runs the Lotex instant lottery scratch card business – or auctioned off to the highest bidder, with the bulk of the fees generated by these auctions used to help fund Social Security. Opinions are already being voiced that this winner-takes-all stance favors better-capitalized international operators over domestic firms.