Brazils Gambling Reform Faces Further Delays and Uncertain Future
The sanctioning of wagering activities within Brazil encountered yet another obstacle. The Senate’s Committee on Constitution and Legal Matters (CCJ) opted to defer, once more, the ballot on gaming legislation PLS 186/2014. Further clouding the situation, insiders indicate that the upcoming electoral process in the following year could lead to supplementary holdups in its ultimate ratification, possibly relegating it to 2019.
A daring plan for change in Brazil has put forward a substantial 30% levy on all gaming earnings, encompassing both digital and brick-and-mortar venues. This action is encountering resistance, although a prohibition on slot and video bingo machines outside of casinos was sanctioned.
The situation becomes more intriguing! The resolution on how to proceed with this entire gambling affair has been deferred while the consequences of legalized wagering at the state level are being assessed. Indeed, there’s a heated discussion raging in Brazil regarding whether to authorize gambling or not. It’s been ongoing for ages, with numerous proposals introduced but ultimately failing due to significant opposition.
Further intensifying the situation, the Brazilian Legal Gaming Institute unveiled a startling figure: illicit gambling in Brazil constitutes a vast clandestine sector, amassing an estimated $6.2 billion dollars yearly.