https://777spinslot.comBrazil’s Fiscal Crisis Could be a Catalyst to Gambling Legalization

Brazil’s Fiscal Crisis Could be a Catalyst to Gambling Legalization

Brazil is in talks on gambling legalization during its worst fiscal crunch and the budget crisis could become a catalyst to a bill passing to finally regulate online gambling in the country.

Brazil’s Fiscal Crisis Could be a Catalyst to Gambling Legalization

Brazil is trying hard to overcome the financial crisis, and one way to do this could be to allow online gaming. The gambling regulation could finally pass to allow companies and casinos in the country for the first time in over 70 years. The Special Commision on National Development approved Bill 186 with 8 votes for and two against the regulation. The author of the bill is Ciro Nogueira, a big proponent for gambling reform in Brazil, and the new legislation has a lot to face before it can finally become law of the land, yet this step goes to the right direction.

Who’s Against and Who’s For the Gambling Law

The Senate Legislators have to approve the bill by a full vote and they should also receive approval from both President Rousseff Dilma and the lower house before putting it into action.

Truth us there is big reason for optimism, since these hurdles to climb get the gamling regulation pass the law can prove to be significant. Last summer, President Rousseff vetoed a Congress bill that could have legalized fixed-odd sports betting in the country.

Meanwhile, the website eGaming Review reported that the President introduced a legislation aimed at the approximately 8 million Brazilian gamblers who use offshore sites. According to those laws, players can get fines between £400 and £40,000 for using unlicensed websites.

Anyway, it seems that Rousseff changed her mind regarding the new gambling legislation, in a desperate way to bring much-needed funds into Brazil’s coffers due to the economic crisis.

Many close associates of President Rousseff state that the government is willing to introduce new national gambing legislations to support the country’s struggling economy.

Moreover, it is not the first time in Brazil’s recent history when politicans have tried to pass gambling legislation. Senator Noguiera attemped to introduce a bill in July 2014, but unsucessfully. He proposed to tax all types of gambling. Noguiera talked about how much the country needs the tax revenues.

”Studies show that, if introduced, the gambling and gaming market could potentially bring to Brazil’s coffers revenues of up to $15 billion (approximately $3.8 billion) per year,” Noguiera said.

The country was going through a financial crisis when this bill was introduced, and proponents of legal gambling hope that this extended crisis will bring better results this time.

Finally

Finally, we could say that this is a must-do for Brazil’s population right now. After all, since there are about 8 million Brazilian gamblers who use offshore websites, we could draw the conclustion that there is a large market out there. Since President Dilma Rousseff has made changes in the country’s budget this September, cutting a staggering $17 billion in spending, we bet that the new legislation to tax and regulate online gambling in Brazil will pass. One way or the other, the nation will accept that it needs the tax revenues.

Try out our Slot Machines for Free

More Slots
Game description
The cherry, bell, gold bar and lucky seven symbols are back with this revamped classic slot machine game. Try it! Are you curious about the Twin Spin Slot?
Play for free
Game description
Incredible for its colorful design, a new slot machine "Gonzo's Quest" created by European experts in the field of gambling flash games - Net Entertainment, surprises with its originality and picturesque.
Play for free
Game description
You’ll feel like dancing and watching Pulp Fiction after playing the Starburst slot – learn why this is true by reading this review! Starburst Slot Perk: Get the Wilds Spinning!
Play for free
Game description
Like gambling and look for a great slot machine? Don’t waste time anymore and learn more on Sparks Slot Game Online, its characteristics, key features and play for fun or earn real money right now.
Play for free
Game description
Hot As Hades slot that has an impressive three-dimensional graphics, pleasant music and fun story and make your dream come true!
Play for free
Game description
Be ready to meet a real king of western films while playing John Wayne slot game. John Wayne is familiar to everyone because he is a real king starred by Marion Robert Morrison.
Play for free
Game description
Iron Man 3 slot game for UK players is the latest video game developed on the basis of famous and exciting movie well-known all over the world.
Play for free
Game description
Would you like to overcome a fierce dragon and save the princess? If so, Steam Tower slot is the right for you! Read our review, learn where to get free spins on the Steam Tower slot! Play for free and develop your strategy!
Play for free
Game description
Find yourself inside a physical lab where some interesting device is experienced and test it in practice with Attraction slot!
Play for free
Game description
The Sopranos slot is for the real fans of mafia, adventures and big money: once you try it, you will not be able to stop playing it
Play for free
Game description
Great Blue slot was presented by the company Playtech. Great Blue combines the beauty of the underwater world and exciting adventures.
Play for free
Game description
Beautiful 3D graphics enhances the good impression of the game in the Merlin's Millions slot machine and its numerous additional features will enrich every player
Play for free
Game description
Game of Thrones slot machine online, which offers freedom of choice to players to play on 15 lines or 243 winning combinations, and to selects how many spins and what multiplier he will get.
Play for free
Game description
Are you looking for a way to spin your fortune upside down? If so, then try the Mega Fortune Dreams slot and best of luck while doing so! Mega Fortune Dreams Slot and its Functions: Bonus Functions!
Play for free
Game description
Trying to see if the Lost Island slot game is worth your time? Start by reading our review of that pristine machine! Try this slot for free, find out about the best Lost Island free spins offers, learn all the cheats and see where you can play for real money. Lost Island Slot Wilds: Flowers are more than they look!
Play for free
Game description
Do you yearn to play the slots in a busy retro American café but lack the place to do it? Well, not anymore you don’t! Play Super Nudge 6000 Online and Win Big!
Play for free
Game description
Relive the year of 1976 and the Rocky saga with this amazingly addicting slot machine game – it is definitely worth it! Rocky Slot: He Hits Faces, You Hit Jackpot!
Play for free
Game description
If you love the green isle of Ireland and all it has to offer, then you’ll love this revamped classic slot machine title. Plenty O’Fortune Slot: Pursue the Leprechaun’s gold trail!
Play for free
Game description
Mega Joker slot presents the right paradigm, if you are looking for a slot machine game inside a slot machine game. Read our review, learn where to get free spins on the Mega Joker slot. Play for free and develop your strategy!
Play for free
Game description
Check this slot machine game out. Playtech developed it with one person in mind – the player! Enjoy! Feel like a Superhero: Play The Iron Man 2 Slot!
Play for free
Game description
If you think Bruce is always angry then you have that right, at least in the slot machine we are currently reviewing. Play the Incredible Hulk Slot Machine: 3D Graphics and Great Audio!
Play for free
Game description
Enjoy Gladiator slot machine online! Be a Winner with this genuine Playtech slot. ⭐️ Here's your chance to experience the glory of an arena without risking your neck. Play the Gladiator slot for free here, learn all the tricks and cheats here! ☝️ The RTP is 94%.
Play for free
Game description
The Amazing Fantastic Four slot quartet is meeting the best slot machines have to offer in this one-of-a-kind game! The Slot’s Quartet: The Fantastic Four meet Slot Machines!
Play for free
Game description
From the primordial soup up until millions of humans are playing slots every day, we have walked a long way. Reels Evolution slot: An Evolution-Themed Experience!
Play for free
Game description
If you’re looking to see what Dolphin Cash slot is all about and what are its main pros and features enjoy this small article about all of it! Dolphin Cash: Some Trigger Amazing Events!
Play for free
Game description
If you are itching to know more about the great slots game “Blood Suckers”, then read this! Here comes the slot game of the evening – the one and only, the Blood Suckers slot game
Play for free
Game description
Net Entertainment worked on a slot machine game that could have been developed by National Geographic – check it out! Beetle Frenzy Slot Elements: Bugs, Fireflies and Flowers
Play for free
Game description
Rare conditions amazed people back in the days, and in the Twisted Circus slot you can see a 20s freak show depicted. wisted Circus Slot: See the Ringmaster for Bonuses!
Play for free
Game description
The Hollywood movie was a hit, but the slot machine title is not far behind, see why by spinning the Dark Knight Rises Slot machine! Dark Knight Rises Slot: Batman’s Symbol Scrambler!
Play for free
Game description
There’s a side-game out there that may put some coin in your pocket, and you may find it in the Reel Strike Slot machine. Choose Two Boats: The Reel Strike Slot Bonus Game!
Play for free
Comments 0
Help block
Help block
Help block