It is not early to prospect business when it is believed that regulation will be approved in a few years, according to Rob Heller, executive director of Spectrum Gaming, an American consultancy specializing in this segment.
"To invest, build or operate a casino you need to know
who the right partners are, what the best location and structure is."
Brazil's annual gaming market is about US$ 20 billion, Heller estimates.
Investments in this sector are huge, says Fabio Kujawski, a partner at Mattos
Filho.
The spread of the conversation between President Michel Temer and Joesley Bastita
made skepticism as the release of the gaming activity. "There are billions
of dollars and there is interest in the Brazilian market. The question today is
whether there is political coordination to approve one of the projects in a
timely manner," he says.
There are currently two bills under discussion, one in the Chamber of Deputies
and another in the Senate, which intend to legalize gaming. "The market
moves: there are events, investors meet, and this pressures to follow these
changes in the law," says Luigi Rotunno, president of ABR (resort
associations).
Gaming activity would be a special attraction for foreign tourists, who are few in Brazil today, he says.
Source: GMB / Folha
