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Business
October 7, 2020
IGT and Scientific Games Brazilian Lottery Push Collapses
IGT and Scientific Games push for instant lottery business in Brazil hits a snag as local partner misses deadline. The businesses are open to reengage with the process although new legal challenges would require further reevaluation of any moves in Brazil. Brazil’s Instant Lottery Push Stops as Local Partner Misses Deadline Brazil has been see-sawing […]
Legal
August 23, 2020
Brazil President Bolsonaro Approved Sports Betting Privatization
Sports betting in Brazil will be privatized by the country after the proposed decree by the Ministry of Economy was signed into law by President Jair Bolsonaro. According to the proposal, the sports betting sector will become part of the country’s Investment Partnership Program (PPI) portfolio. The proposal for the privatization of the sports betting […]
Sports
August 10, 2020
Stats Perform Named Exclusive Betting Streaming Rights & Betting Data Provider
Sports data company Stats Perform announced today it was named Exclusive Betting Streaming Rights and Betting Data Provider for the Serie A and Serie B club football competitions in Brazil. The multi-year deal for the sports tech leader in data and AI technology will commence at the start of the 2020 season. Betting Streaming and […]
Legal
June 25, 2020
Brazil Awaiting OK by President to Privatize Sports Betting Sector
Seeking to cushion the impact of the COVID-19 pandemic, the Brazilian Ministry of Economy has proposed a plan to privatize the sports betting industry. The move awaits support from the country’s president, Jair Bolsonaro. Brazil Wants to Privatize Sports Betting Operations Sports betting businesses in Brazil will become the property of the state, a new […]
Legal
June 15, 2020
PPI Council: Sports Betting Part of Recovery Plan for Attracting Investments
Brazil’s governmental body responsible for bringing investments in the country, the Investment Partnerships Program (PPI) Council has prepared a plan to help the country recover from the negative effects of the virus-induced ongoing health crisis, worth around $70 billion, with more than 10% of it achievable during the current parliamentary season. Concession for a Sports […]
Casino
March 27, 2020
New Bill Hopes to Legalize Retail Casino Gambling in Brazil
Brazil has been trying to expand its gambling sector for decades but efforts to ensure the same have only been ramped up over the past few years. While there have been significant developments with regards to sports betting, there has been a lot of lag when it comes to the legalization of retail casinos. Lawmakers […]