Brazil backs federal appointment to fast track casino resorts bill

The Executive Committee of Brazil’s Federal Senate has appointed senator Veneziano Vital do Rego to represent the casino bill.

First introduced in September of last year, the appointment is a clear indication that the Brazilian Government is aiming to accelerate the legislation for casino resorts within the country.

The bill would allow for one casino in each of Brazil’s 26 states with 35-year concessions which will allow the gaming floor to occupy up to 10 per cent of the buildings.

Moreover, as part of the legislation, operators would be selected based on a scoring system with 70 per cent of points awarded for the quality of the project and 30 per cent based on the value the operator would pay back to the government.

Operators must also implement player protection and anti-money laundering measures, including verifying the identity of customers who deposit or withdraw more than $1850 in a single day.

The bill is named the Adelson Bill after the late Las Vegas Sands CEO, Sheldon Adelson, who lobbied for casino resorts in the nation of more than 210 million citizens.

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