Brazil’s Proposed Gambling Law Could Change Its Focus

Brazil’s Proposed Gambling Law Could Change Its Focus

Staff Writer
May 15, 2018
Brazil plans to regulate online gambling and introduce land-based casinos in the country.

The President of Brazil's House of Deputies, Rodrigo Maia has recently stated he plans to arrange meetings with legislators concerning the new laws which will allow gambling. These new laws will focus on casinos and online gambling solely.

Maia traveled to Rio de Janeiro last week in order to attend an event organized by the Brazilian Association of Hotels as well as other business entities in the city. During this event, he commented projects that were of interest to the state.

Regulation Is Paramount

He used this opportunity to point out that regulation of casinos was important for the country since it could create more jobs for citizens and bring in more funds for the state coffers.

According to Maia's press statement, there were a number of gaming projects waiting for a vote in the House, which made the entire discussion quite difficult. He noted the idea was to restrict the discussion so that it revolved around internet gaming and casinos.

Commenting on online gambling Maia said he was going to talk with legislators, and added although some politicians were asking for bingo and slot machines, the House wanted a project for casinos and internet games.

Maia, who is a center-right politician and a member of the Democrats party, announced a couple of months ago he would run for President with a market-friendly platform supporting tax cuts and more efficient public spending.

The Brazilian presidential elections should are scheduled to take place in October 2018.

New Jobs and More Income

According to the latest news, Maia no longer supports the coalition government of President Michel Temer due to a number of corruption scandals Temer was involved in, so apparently, Maia plans to win over Brazil's political center.

Maia is well-known for supporting large-scale casinos as part of leisure and entertainments complexes and resorts.

He claims the studies show that if integrated casinos and hotels are approved it will generate up to 250,000 to 300,000 new jobs in Brazil, thus raising the revenues significantly for the government. It is estimated they could earn up to $6.9 billion.

According to the study, up to 32 casinos could be built in Brazil, if the project gets the necessary approval.



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