Industry
September 29, 2021
Brazilian President Ready to Veto Gambling Law Passage
The legalization of gambling in Brazil is once again faced with a new hurdle, and this time one that originates from the highest level. President Jair Bolsonaro has spoken to VEJA, a local media outlet, and outlined his opposition to passing a law that would lead to the legalization of casinos as well as sports […]
Legal
September 24, 2021
If Brazil Legalizes Gambling There May Be Billions in Tax Revenue Proceedings
Talks about the legalization of gambling in Brazil continue. While the country continues to shape its tax reform, the taxation of gambling may bring a nice boost for the government coffers. Besides boosting tax revenue, the legalization of gambling may increase tourism volumes and create new workplaces. Gambling Legalization in Brazil to Help with Taxes, […]
Industry
September 3, 2021
Brazilian State of Amazonas Finds Difficulty Launching a State Lottery
They say that, if at first you don’t succeed, try, try again. In the case of one Brazilian state, though, it is try, try and give up. Amazonas had huge plans for a state-run Amazon Lottery, but three failed attempts at finding a suitable candidate to conduct a technical-economic feasibility study have left the state […]
Legal
August 23, 2021
Brazil Signals Strong Intent to Bring Back Land-Based Casinos
Brazil is looking to speed up the introduction of integrated casino resorts in the country after a rapporteur for Bill 4495 was appointed last week. Legislative Preference for the Bill Senator Veneziano Vital do Rêgo was appointed by the President of the House, Senator Rodrigo Pacheco, as the Plenary Rapporteur for Bill 4495, known as […]
Legal
July 21, 2021
Brazil’s President Confirms Changes to Sports Betting Taxation
Brazilian President Jair Bolsonaro has signed a law that will alter the country’s sports betting taxation system to a revenue-based one. President Jair Bolsonaro Signs New Sports Betting Taxation Law Last week, Brazil’s Official Gazette published Law No. 14,183, of July 14, 2021, which changes the rules on sports betting taxation. The new law modifies Chapter […]
Esports
July 13, 2021
MIBR and Betway on Lookout for Fresh CS:GO Talent
MIBR and Betway have teamed up for a new recruitment initiative that is looking to add talented aspiring players to the Brazilian CS:GO team’s roster. MIBR on the Lookout for Academy Recruits The Counter-Strike competitive scene is not slowing down even in mid-summer, with Betway and Immortals Gaming Club’s competitive video gaming team MIBR launching their “Feitos no Brasil.” […]
Sports
July 13, 2021
Sportsbet.io Enters Master Sponsorships Deal with Sao Paulo FC
As it continues to expand globally, cryptocurrency betting operator Sportsbet.io has signed a new master partnership with Brazilian soccer club Sao Paulo. Sportsbet.io Deepens Brazilian Ties with Sao Paulo Sportsbet.io, arguably the world’s most significant crypto sports betting operator, has struck a new pivotal partnership with Brazilian soccer club Sao Paulo. The “master sponsorship” will extend […]
Business
June 21, 2021
Intralot Completes Sale of Intralot do Brazil’s 80% Stake to Saga
Intralot SA, a global lottery and sports betting products and technology supplier headquartered in Greece, announced the completion of the deal for the sale of its stake in Intralot do Brazil. Second Latin American Business Sale The deal, which was initially announced in May after Saga, the only other shareholder in the Brazilian business, agreed […]
Sports
June 17, 2021
Betting company Dafabet Inks Partnership with Brazil’s Palmeiras
Brazilian football club Palmeiras has added Dafabet as its first official sponsor in an agreement that will run until the end of 2021. First Sponsor Deal for the Libertadores winner Sports betting company Dafabet announced it is becoming the official betting partner of one of Brazil’s most popular football clubs, Palmeiras. The information was revealed […]
Esports
May 27, 2021
Betway Continues eSports Expansion, Becomes FURIA’s Sponsor
Online sportsbook operator Betway announced it agreed to partner with Brazilian eSports organization FURIA to continue to expand its presence as a leading eSports betting company. “We are very proud to announce Betway as our new partner.” André Akkari, Co-CEO, FURIA Another High-Profile eSports Team in Betway’s Portfolio The agreement will see international cross collaborations […]