Gustavo José de Guimarães, the new secretary of SECAP, the agency leading Brazilian public policy development for the agriculture, energy and lottery sectors, has revealed that the government expects the sports betting sector to be regulated before the end of the year and up and running by 2022. According to comments made by local outlet Valor, shared by BNL Data, …
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IGT Plc and Scientific Games Corporation (SGC) have published a joint statement confirming that they have withdrawn their consortium to operate Brazil’s exclusive LOTEX instant lottery concession. The lottery technology groups cited that they have been unable to form a ‘crucial distribution arrangement with CAIXA Federal’, Brazil’s state-owned bank and the incumbent retail distributor of lottery products across the country. …
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Brazil has moved forward with its plans to establish a regulated sports betting marketplace after the government appointed a designated agency to take charge of finalising the market’s legislative and regulatory frameworks. The publishing of this week’s federal gazette confirmed that President Jair Bolsonaro had signed ‘Decree 10,467’, appointing Brazilian social development bank BNDES to work alongside the Ministry of …
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Brazil’s federal bank Caixa Economica Federal (Caixa) is expected to disclose its initial plans to privatise ‘non-core’ business subsidiaries this week, as part of the government’s efforts to restructure the financial institution. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here ‘Caixa Seguradora’, the federal bank’s insurance unit, is reported to be first in-line …
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Pedro Guimarães, the Chairman of Brazil’s federal bank – Caixa Economica Federal (Caixa), has stated that the government maintains its objective of ‘privatising five Caixa subsidiaries by 2021’. Guimarães made his statement to Brazilian business journal Metropoles, revealing that his office had identified Caixa ‘Loterias’ (lotteries), ‘Seguradora’ (insurance) and ‘Central’ (credit agency) as three divisions that will be privatised or …
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Following seven failed attempts to sanction an effective tender process, BNDES – Brazil’s national development bank – has confirmed the sale of state-owned instant win games (scratchcard) operator LOTEX to ‘Consórcio Estrela Instantânea’ – a 50/50 joint venture consortium formed by IGT and Scientific Games Corporation (SGC). The IGT-SGC vehicle secures a 15-year concession, having been the only entity to bid …
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Having failed five times to sanction the sale of state-owned instant win (scratch card) operator LOTEX, the Brazilian government has drafted new tender documents and concession criteria as it re-establishes efforts to sell the state asset. Announced last week, Brazil’s Ministry of Finance has launched a new tender submission deadline, open until 17 October, with LOTEX’s official auction scheduled for …
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The Brazilian government could potentially fast track legislation for regulating fixed odds betting, as Brazil’s Economic Ministry sanctions a month-long public consultation to seek guidance on regulating wagering services. Sanctioned this week, Brazil’s Economic Ministry is reviewing legislative provisions attached to the conditionally approved ‘bill MP-846’, which aims to establish a federal gambling framework for Brazilian online and land-based gambling. …
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The government of Brazil is reported to be ‘assessing its options’ with regards to the sale of state-owned Instant Win (Scratch Card) operator LOTEX – following six straight tender postponements. A reported ‘lack of interest’, would see BNDES, Brazil’s National Development Bank twice suspend this May’s planned tender procedure. BNDES, the agency charged with selling LOTEX, has come under fire …
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Despite a new government in charge of Brazil, the planned sale of state-owned instant win (scratch) operator LOTEX continues to blunder on. Closing April, BNDES – Brazil’s national development bank, the organisation charged with selling the state asset – issued its fifth straight postponement of the LOTEX tender. It has now extended its window for bid proposals until 9 May. BNDES …
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