0
0
[ad_1]
How will President Lula’s return affect gambling legislation in Brazil? – Yogonet International
The EGR platform spoke to experts in Latin America about what they believe the return of former President Lula will mean for the future of the industry, as Brazil turns its back on Jair Bolsonaro.
“They tried to bury me alive and here I am,” shouted Luiz Inácio Lula da Silva as he began his victory speech, following a surprising electoral upset that saw him unseat Jair Bolsonaro, to become president of Brazil once again. In a close contest between the leftist and the ultra-right-winger, Lula won 50.9% of the vote, to end Bolsonaro’s controversial stint in power. Lula, who already served two terms between January 2003 and December 2010, will become president again on January 1, 2023.
The 77-year-old former steelworker spent 580 days in prison before his conviction for taking bribes was overturned, allowing him to return to politics and claim victory. And while there are serious issues to address in Brazil, such as pulling millions of people out of hunger and protecting the Amazon in the wake of Bolsonaro’s dismissive attitude to climate change, the focus in the betting circles has shifted to what Lula’s return could mean for the industry.
Brazil has been described as a sleeping giant with no formal regulation, but the gray market has continued to attract heavyweights such as Entain and bet365.
With a football-obsessed population of 214 million, interest is buzzing at the prospect. Bolsonaro, who drew on a firm base of evangelical supporters opposed to gambling, was reluctant to pass the legislation, much to the chagrin of the sector.
However, Lula had already expressed his intentions to legalize sports betting and Online Gambling, as the potential tax revenues for the Brazilian government are equally beneficial.
Your Most Trusted Casinos for 2023!
Dream Catcher is Live at Goldman Casino and Offers the Opportunity for some stunning wins up to 40x with Truly Live Presentation! Not Only That, deposit TODAY as a new player and get 100% up to £100 Extra Free to Play + 20 Free Spins on Book of Dead Hit Slot* LIMITED TIME OFFER!!!
*18+ Only New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Wild West Slots at The Fastest Paying Casino in the West!
Goldman Casino has been growing in popularity since 2016, making them one of the best go-to real money online casinos on the market. Goldman Online Casino is powered by over 30 of the best software providers, and its games are provided through an easy-to-use web-based platform.
Get 100% up to £100 Free and 20 Free Spins on Book of Dead when you Deposit!
*18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply
Start Today: Play with Real Money NOW!
More Tried, Tested & Trusted Online Casinos - Available to Players in over 177 Countries!
SlotJar Safe Online Casino
Only the longest established UK casinos, All transactions 100% verified & monitored, fully regulated RNG's, Fastest Paying UK Casinos, Live-Chat and friendliest customer service, 177+ supported countries. 100% satisfaction guarantee.
Lucks Casino is well-trusted and here to stay. LucksCasino.com takes advantage of a full suite of top-tier games, meaning you will always be fully entertained. Check out the deals on the site right now!
- Get 100% up to $€£200 Bonus Today!*
*18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Start Today: Play with Real Money NOW!
Play Securely at LucksCasino.com
SlotJar is your slots pay by phone bill and Online Slots UK Casino jackpots website – It’s not a new casino, it’s been established since 2014, and is one of the most popular slots sites for online and phone payment real money games. Play at SlotJar today and receive a great bonus when you deposit. Play over 2800 different games.
Get 100% Bonus Up to £200 Now!
*18+ Only Full Terms Apply.
Start Today: Play with Real Money NOW!
Fishin' Frenzy Megaways (TM) is a Top UK Slots Game with Huge Rewards! Get the boats to come in and watch your stake multiply x£££ at Lucks Casino!
**18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Start Today: Play with Real Money NOW!
Lucks Casino has been entertaining the gambling masses internationally, since 2015, and continues to offer the finest quality table games with bonuses available throughout the year! Lucks allows you to play on mobile or desktop and cash out quickly in £$€. Players are supported in over 177 countries. Enjoy over 2,500 superb games from the best names in the business!
*18+ Only New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Triple Edge Poker by Betsoft is a thrilling and engaging video poker game that has become increasingly popular among players. The game offers a unique twist on traditional poker and provides players with an immersive gaming experience that is both entertaining and potentially rewarding.
The Advantages of Playing Triple Edge Poker:
- Unique gameplay: Triple Edge Poker introduces a new twist on the classic game of poker, as players are able to play three hands at once instead of just one. This increases the level of excitement and increases the player's chances of winning.
- High-quality graphics: Betsoft is known for its top-notch graphics, and Triple Edge Poker is no exception. The game features realistic and detailed card and table graphics that are sure to immerse players into the game.
- Great payouts: Triple Edge Poker offers players the opportunity to win big, with payouts that are often higher than traditional video poker games.
- Convenient and accessible: Triple Edge Poker can be played on desktop and mobile devices, making it convenient for players to access and play the game from wherever they are.
- Exciting bonus features: Triple Edge Poker features several exciting bonus features, including the chance to win extra payouts and participate in bonus rounds.
- Overall, Triple Edge Poker by Betsoft is a great choice for players who are looking for a unique and thrilling video poker experience. The game's combination of exciting gameplay, high-quality graphics, and great payouts make it a must-try for any fan of video poker.
*18+ Only New Players Only. Wager from real balance first. 50X wager the bonus. contribution varies per game. selected games only. Wagers are calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests void all active and pending bonuses. excluded Skrill and Neteller deposits. Full Terms Apply.
Play Online Casino at TopSlotSite.com Get 100% Welcome Bonus up to $€£100 and 20 Free Spins*. Enjoy over 1000 Online Casino & Slots Games NOW! t&c's Apply
100% Satisfaction guaranteed! Yes, Top Slot Site is a Gambling Slot Site Where you can play for Real Money and Get your Winnings with Total Ease. So Relax, Select from over 1000 Superb Games and Enjoy our Live Online Gambling and Casino Betting Mecca.
*18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Established in 2014 and with over 2800 superb games including Slots, Live Casino, Roulette, Blackjack, Instant win and much more TopSlotSite.com is certain to have a game suited to your needs.
Play Online Casino at TopSlotSite.com Get 100% Welcome Bonus up to $€£100 and 20 Free Spins*. Enjoy over 1000 Online Casino & Slots Games NOW! t&c's Apply
100% Satisfaction guaranteed! Yes, Top Slot Site is a Gambling Slot Site Where you can play for Real Money and Get your Winnings with Total Ease. So Relax, Select from over 1000 Superb Games and Enjoy our Live Online Gambling and Casino Betting Mecca.
*18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
GoldmanCasino.com is one of the leading online gaming destinations, offering players a wide range of exciting games and endless opportunities to win big. One of the most popular games at the casino is 20p Roulette, a classic casino game that has been enjoyed by players for generations.
This exciting game combines the thrill of chance with the excitement of spinning the wheel, making it the perfect choice for anyone looking for an entertaining and potentially lucrative gaming experience.
Roulette is a simple game to play, with players placing their bets on the numbers or colors they think the ball will land on. The 20p stake means that anyone can enjoy playing this classic game, whether you're a seasoned player or just starting out. With the ease of playing from the comfort of your own home, you can now enjoy the thrill of spinning the wheel without ever having to leave your house.
At GoldmanCasino.com, you'll find a range of different roulette games, including European Roulette and American Roulette. The games are designed to be as realistic as possible, with excellent graphics and sound effects that bring the excitement of the casino to your screen. You'll also find a variety of different betting options, including inside bets and outside bets, so you can choose the type of bet that suits you best.
Another great feature of GoldmanCasino.com is the range of promotions and bonuses available to players. Whether you're a new player or a seasoned pro, you'll find a range of offers that will help you maximize your winnings. For example, the welcome bonus gives new players a chance to double their first deposit, giving them more money to play with and a better chance of hitting a big win.
In addition to the bonuses and promotions, GoldmanCasino.com also offers a range of safe and secure banking options. Whether you prefer to use your credit card, e-wallet, or bank transfer, you'll find a method that suits you. And with 24/7 customer support available, you can be confident that you'll always have help when you need it.
In conclusion, playing 20p Roulette at GoldmanCasino.com is an exciting and potentially lucrative experience. With a wide range of games, bonuses, and promotions, as well as safe and secure banking options, this is the perfect place for anyone looking for an enjoyable and rewarding online gaming experience. So why wait? Head over to Goldman Casino.com today and start spinning the wheel to see if you can win big!
*18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Welcome to LucksCasino.com, the ultimate online casino gaming destination! With over 2800 casino and slots games to choose from, you're sure to find your new favorite game here.
Our casino games include all the classics, such as blackjack, roulette, and baccarat, as well as a variety of exciting variations of these games. We also offer a huge selection of online slots, featuring everything from classic fruit machines to the latest video slots with stunning graphics and bonus features.
At LucksCasino.com, we pride ourselves on offering a safe and secure gaming environment. We use state-of-the-art encryption technology to ensure that your personal and financial information is always protected. Our games are independently tested for fairness by third-party auditors, so you can be sure that you're playing on a level playing field.
We also offer a range of convenient payment options, including credit and debit cards, e-wallets, and bank transfers, so you can choose the method that works best for you. And if you ever need help or support, our friendly and knowledgeable customer service team is available 24/7 to assist you.
As a new player at Lucks Casino.com, you'll be eligible for a range of exciting bonuses and promotions. Our welcome bonus package includes a generous match bonus on your first deposit, as well as free spins on selected slots. We also run regular promotions, such as cashback offers, prize draws, and leader board tournaments, so you can enjoy even more chances to win.
So why wait? Sign up to LucksCasino.com today and start playing your favorite casino and slots games! With over 2800 games to choose from, unbeatable bonuses and promotions, and a safe and secure gaming environment, you're sure to have a fantastic gaming experience.
*18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. contribution varies per game. selected games only. Wagers are calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests void all active and pending bonuses. excluded Skrill and Neteller deposits. Full Terms Apply.
SlotJar is your slots pay by phone bill and Online Slots UK Casino jackpots website – It’s not a new casino, it’s been established since 2014, and is one of the most popular slots sites for online and phone payment real money games. Play at SlotJar today and receive a great bonus when you deposit. Play over 2800 different games.
Get 100% Bonus Up to £200 Now!
*18+ Only Full Terms Apply.
Land the valuable symbols on this amazing slot and experience real JOY and the chance of almost unlimited free spins bonus rounds!
Top Slot Site is packed with over 2800 top slot games for you to enjoy. Get started at this fantastic slots site today!
**18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Lucks Casino is well-trusted and here to stay. LucksCasino.com takes advantage of a full suite of top-tier games, meaning you will always be fully entertained. Check out the deals on the site right now!
- Get 100% up to $€£200 Bonus Today!*
*18+ Only, New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.
Start Today: Play with Real Money NOW!
Exciting Theme: The game's theme is based on ancient Egyptian mythology, which creates an exciting and immersive experience for players.
Currently, Law 13,756/18, which deals with the regulation of sports betting, awaits presidential approval. In addition, Bill 442/1991, which seeks to legalize all forms of physical and Online Gambling, is currently underway.
While there is hope that Lula will be able to usher in a new era in Brazil, parliamentarians close to Bolsonaro have obtained a majority in the Brazilian Congress, indicating possible delays in a tense political environment.
In this framework, EGR spoke with several Latin American experts about their views on Lula’s return and what it could mean for future legislation.
Neil Montgomery – Montgomery & Associates, Managing Partner
“As far as the gaming industry is concerned, you will probably see less resistance on the legislative front, going forward. With Bolsonaro’s departure on December 31, there is no reason why the presidential decree regulating Law 13,756/2018 should not be published by the legal deadline of December 12, particularly as its text appears to be ready. It could be one of his legacies,” he pointed out.
“We should also see faster progress in Congress, for the approval of Bill No. 442/1991, especially now that the president, who openly said he would veto the bill, will no longer be in power. The change of administration, however, will undoubtedly affect the ordinary course at the ministerial level and in public companies such as Caixa, given that the first months of the new administration will surely result in changes at senior executive levels. This may delay the licensing process for sports betting operators if the 2018 law is actually regulated.”
Miguel Ángel Bueno Jiménez – Igaming Consultant
“Everyone is aware that Online Gambling, in all its variants, is a social demand for leisure and entertainment, and that this demand in unregulated markets is being covered by clandestine or unregulated gambling. It is the obligation of regulators, to regulate it for several reasons, including disrupting problem gambling, providing guarantees to players, and tax revenues. Everyone knows that Bolsonaro opposed in-person gambling, and wanted to limit Online Gambling, but it has been proven that these positions are not valid today due to the ease of technology, to access Online Gambling.”
“With Lula taking office, more in line with Argentina’s liberalization policy, for example, he should regulate the sector as a whole, be more liberal and also take advantage of this source of revenue for the Brazilian public coffers.”
“I believe that Lula will make an effort to legalize gambling in Brazil and align with surrounding countries. This does not mean that it should be done in a disorderly and rushed manner, as this would lead to losing focus on the problems of the three factors I have indicated above.”
“However, there is still much to be said about the licensing model adopted by the Brazilian government, not only for operators to opt for them, but also to make their investments profitable by controlling and closing down clandestine gambling sites (already deeply rooted in the country) and avoiding unfair competition.”
Luis Jimenez – Condor Gaming, Regional Director for Latin America
“Lula’s stance on market regulation remains a mystery, and no one knows for sure what his current position is. Although in the previous elections he expressed his willingness to regulate, the issue was vetoed in his government after some corruption scandals.”
“It is necessary to take into account that image of corruption, which is still his great Achilles heel, for at least half of the Brazilian population. One thing is for sure: Bolsonaro’s government was not very interested in regulating, because that would create a big problem for his religious supporters. So perhaps, Lula’s victory could be a new opportunity for regulation. At least, the regulation lobbyists will not face an insurmountable wall, as Lula has committed to respect Bolsonaro’s government policies in this regard (according to a congressional source).”
“Lula’s government will face several pressing issues before looking into the regulation of gambling. The consolidation of his power and government must come first, as we have seen revolts from Bolsonaro supporters who do not accept Lula’s victory. However, Congress must send the regulatory framework to Bolsonaro for approval this year and, as I said, Lula has committed to respect that. Lula knows that regulation will bring new jobs for Brazilians and billions in taxes for the government.”
“Most of the acceleration of the regulation depends on Bolsonaro’s sanction before the end of the year. If this happens as expected, we should see a really positive scenario for regulation. Otherwise, regulation will remain dormant for years, as usual. We probably won’t see any major changes before the World Cup, the summer, and, finally, Carnival. In the end, in Brazil, anything and nothing can happen.”
Magnho José – Instituto Brasileiro Jogo Legal, President
“I believe that Lula’s election may represent a breakthrough in the legalization of gambling. Currently, PL 442/91, which legalizes casino, bingo, jogo do bicho, and online games, and which was approved by the Chamber of Deputies in February of this year, is in the Senate awaiting the definition of the rapporteur and processing. One of the advantages is that President Bolsonaro had promised to veto the bill approved by Congress while President Lula promises to sanction it.”
“We still do not have elements to define whether the victory of former president Lula could accelerate the regulation of sports betting. I believe that in a week, we will have a better-defined scenario after the maturing of President Jair Bolsonaro’s defeat. The regulation of sports betting does not depend on the National Congress, it depends on the President of the Republic to issue the regulatory decree. There is already a draft of this regulation, and it was not published before the elections because the president heeded the request of an evangelical pastor who is a federal deputy”.
[ad_2]
#President #Lulas #return #affect #gambling #legislation #Brazil
