Brazil Special Senate Committee Recommends Legalizing Gambling

Brazil Special Senate Committee Recommends Legalizing Gambling

Brazil President Rousseff is facing impeachment as her country falls into economic despair, but gambling could arrived at her rescue.

Brazil is as soon as again mulling gambling legalization, lawmakers within the cash-strapped country into the midst of economic devastation scrambling to find ways to finance the government without placing extra tariffs on citizens.

The Brazilian Senate Commission for Regional Development and Tourism voted this week in favor of Bill 186 of 2014, legislation that would authorize up to 35 land-based casinos and invite gambling enterprises to commence operations online.

Gambling enterprises are prohibited in the national country since 1946.

Illegal gambling in Brazil is estimated become a nearly $5 billion industry that is annual and legislators affirm tapping into that market is required to offset a dismal monetary year for the country. Moody Investors Service recently downgraded Brazil to ‘Junk Status’ citing a quickly deteriorating economy and ‘worsening governability.’

Public Opinion

Legalizing gambling and online casinos appears to be considered a viable solution to make up at least part of the mounting spending plan deficit. Persuading residents to get behind gambling might be a more task that is difficult in other countries.

Brazilians associate gambling with corruption, many thinking the venues become nothing more than resources from criminal syndicates to meet and exchange mon Continue lendo “Brazil Special Senate Committee Recommends Legalizing Gambling”