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Vote on Brazilian gambling legislation promised for November

If a promise made by the president of Brazil’s Chamber of Deputies comes to fruition, Brazil may be the next nation to introduce a regulatory framework to legalize gambling.

Brazilian news magazine Veja reports that Rodrigo Maia (pictured with the President of Brazil, Michel Temer), who since July 2016 has served as President of the Chamber of Deputies of Brazil, has promised that a vote on a bill to legalize casinos and gambling in the South American nation will be held in November.

According to Veja, 262 deputies have come together to promote a bill that would create the regulatory framework for the operation, taxation and regulation of gambling. It would also mean that developers could begin construction on casinos in Brazil as soon as next year if the legislation passed prior to the end of this year, according to Federal Deputy Nelson Marquezelli from Sao Paulo, reports Veja.

The promise by Maia comes on the heels of last week’s formation of the Parliament Front for the Approval of the Regulatory Framework for Gambling in Brazil. The aim of the group is to promote Bill 442/1991, which if passed would legalize casino gambling for tourism purposes, among other form of gambling.

Congressman Marquezelli was among the panel that presented the pro-gaming Parliamentary Front at an Annex of the Chamber of Deputies in Brazil last week. According to Games Magazine Brazil, it was made clear at the presentations that “the objective of the Front is to approve the law that allows the exploitation of legal gambling in the country according to the example of more than 156 other nations.”

Marquezelli reportedly detailed that 262 deputies out of 513 are in favor of legalizing casinos, among them, Michel Temer, the current President of Brazil.

Hotels in São José do Rio Preto, Campinas and Guarujá reportedly confirmed their interest in bringing gaming to their respective resorts, according to Veja.

Along with regional interest, American casino giants, Las Vegas Sands Corporation, MGM Resorts International and Caesars Entertainment Corporation are eyeing Brazil as a potentially lucrative target as well.

 

Vote on Brazilian gambling legislation promised for November was last modified: October 27th, 2017 by K Morrison


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