Brazil Gambling Legislation Stalls

Brazil Gambling Legislation StallsLast year, Senator Ciro Nogueira introduced Bill 671-2015 to the Brazilian legislature in an attempt to overhaul a gambling industry restricted solely to horseracing and lottery products. Amongst the changes Nogueira proposed was to allow sports betting products to be added to these verticals, and as he commented at the time, “a prohibitive approach to gambling does not work, as the truth is that no one will ever give up playing only because it is forbidden.”
In the event of legislation, Brazil could then stand to benefit from additional revenues at a time when its economy is in recession, and producing lower economic growth than Greece. Highlighting its potential is the fact Brazil is South America’s biggest gambling market, and each year the nation’s 8 million online gamblers wager an estimated $8 billion at unregulated, offshore websites.
Understandably, politicians chose to pass the gambling law recently, but the good news didn’t last long as President Dilma Rousseff subsequently stalled progress by vetoing the bill. If that wasn’t bad enough, she has now added further confusion to the situation by banning all gambling in public places, either online or otherwise. As a result, anyone convicted of the crime can now expect to be hit with a fine of between $575 and $575,000, and could receive a three months stretch behind bars.
Amongst the group of players to be affected by the new law are Brazilian poker players, who have now been grouped together with the country’s other gamblers, despite the Brazilian Ministry of Sport recognizing poker as a sport in 2012. As the organization noted at the time:
“Poker is a competitive discipline, which requires the participant to have intelligence, ability, and intellectual and behavioral skills in order to succeed.”
Being unable to gamble in public is unlikely to directly impact poker players who, in any case, prefer to gamble from their own homes. Their surprising reversal in status, however, will no doubt worry players, and furthermore doesn’t bode well for the progress of gambling legislation in the huge country of 200 million people.

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to