Tag Archives: brazil

A draft proposal co-signed by Brazil President Lula da Silva and Finance Minister Fernando Haddad has recommended that  a 15% gross gaming revenue (GGR) tax be applied to sports betting activities.  News of the proposal submitted to the Attorney General’s National Treasury Office (PGFN) was reported during the Easter break by Brazilian business news source Poder360. As reported, Lula and …

CBF, the Football Confederation of Brazil, has demanded that the government guarantee a larger % share of revenues generated from a federally sanctioned sports betting regime.  The CBF has issued its formal proposal that a ‘betting regime guarantee 4% share of gross revenues to be distributed across its football leagues’. As such, the governing body of pro-football in Brazil seeks …

Parimatch has secured sponsorship of the Stock Car Pro Series – a touring car auto racing series based in Brazil, organised by Vicar. The two-year deal sees the Ukraine-founded, Cyprus-based betting company start its activities in Brazilian motorsport. Maksym Tsaryk, Director of Parimatch Brazil, stated: “Brazil has a remarkable tradition in world motorsport, and Stock Car has been instrumental in …

The Brazilian betting market is set to be massive – this is something all industry observers have had no trouble agreeing on, although determining when it will launch is a different matter. Whilst much of the hype in anticipation of the world’s seventh most populous country has largely – and understandably – focused on the market’s commercial value, its KYC …

Betfair has launched ‘Esport Futuro‘ (Future Sports), its first Brazilian social initiative aimed at improving funding and community access to grassroots sports. The commitment has been launched with Betfair pledging to donate over R$630,000 (€120,000) to five sports associations in Brazil in 2023. Esport Futuro is formed in partnership with Global Giving, the international charity partner of Flutter Entertainment, and …

Brazil’s sports betting prospects have received a boost this week, as Minister of Finance Fernando Haddad assured federal stakeholders that he will soon present a ‘provisional tax framework’ for licensed businesses.  Speaking to media in Brasilia, Haddad stated confidence that the Finance Ministry would propose a ‘working framework’, to be showcased following “President Lula da Silva’s trip to China at …

Fortaleza Esporte Clube has announced that Novibet has become the team’s main sponsor until the end of 2024. Named the biggest sponsor in the history of the club, the deal sees the GameTech-owned bookmaker consolidate its arrival in Brazil, penning a two-year contract with the Northeastern team. Rodolfo Odoni, President of Novibet, said: “With its rich history in sport and …

Entain Plc’s leadership duo of CEO Jette Nygaard-Andersen and Deputy Rob Wood have notified investors that 2023 will be a tougher year for the FTSE100 gambling group’s UK arm.  Though the firm’s revenue make-up continues to be diversified via M&As, UK brands accounted for 27% of Entain’s online NGR – contributing approximately £840m of the group’s £3.3bn online NGR results …

EstrelaBet has extended its sponsorship of Campeonato Brasileiro Série A’s Sport Club Internacional until March 2026.  The Brazilian sports betting operator has supported the top-flight team since June 2022, but the brand will be present on the back of the men’s first team kit. Head of EstrelaBet Sponsorships, Rafael Zanette, described this agreement as “a bet won even before signing …

Fernando Haddad, Brazil’s Minister of Finance, has shared that the Presidency of Lula da Silva will focus on moving forward on “electronic gaming”, and sanction a  sports betting regime. Yet, new details of a federal bill show that online casinos will not be included in upcoming plans.  Sports news outlet Panorama Deportivo cited Ministry sources and explained what the regulation …