"At the round table today the whole Brazilian regulatory scenario was discussed. We explain to those interested in the subject that the country has an approved law that allows sports betting online and retail (physical) which regulation is in the hands of the Ministry of Economy that has a maximum period of four years to present it," Nolte explained to Games Magazine Brazil in the round tables room of the event, at the Biltmore Hotel in Miami.
The representatives of the Ministry of Economy of Brazil had to suspend at the last minute their expected participation in the event due to what happened with the tender of LOTEX that once again did not present interested companies and its realization was postponed, without a definite date and with much uncertainty.
The Director of Patagonia Entertainment added that "there are two bills with proposals, lobby, conflicts and different interests going around in Congress. The Senate refers more to physical casinos and the project in the Chamber of Deputies is more comprehensive and includes bingos, jogo do bicho, etc. But we tell people that the treatment or approval of neither of them is safe at this moment in Brazil."
"The only safe and sanctioned are sports betting. Now the question is to know if this problem, this total frustration blow caused by the absence of interested in LOTEX (Brazilian Instant Lottery) will delay the creation of the regulation of bets by the Ministry and Economy. They are responsible for ordering the new priorities and what people ask us is how long this process will take," Nolte concluded.
In the morning, Maia, founding partner of FYMSA Advogados, was part of the panel "Not everything is black and white: introducing regulation in a sustainable way". There, he referred to the importance of using new technologies for the market.
“Regarding the speed of technology in terms of gaming, one of the special key that we have in Brazil now is that the Congress find to get technical details to the fact that one of the bills, PL 442 of 1994 which is now under discussion in the Chamber of Deputies, privileges the minimum size of the casinos, how many square meters they must have. And that definetely makes no sense in terms of advancement of technology”, explicó o advogado.
“I think we have to give independent agencies or regulator the power to follow the technology and try to regulate it as soon as it appears. We are in the verge of a new revolution of technology that is called ‘Internet of things’, now with G5 communication network where everything is going to be connected, from casinos to sports betting. Everything is going to be affected. But the issue is that in Brazil, and in many countries of Latin America, this kind of dicussions related to gambling is still in the political level”, agregó Luiz Felipe Maia.
Today Pedro Lucas, director of Apostaonline.com, will participate in the panel "ABC of affiliates: Who are they? How do they work? And how could they help you?" along with Victor Arias, Manager of International Business Development of Patagonia, among others.
Taking place at the Biltmore Miami from May 28 to June 1, the conference offers casinos, bingo, betting, sports betting, lottery professionals on physical online and mobile channels to meet the diverse needs of operators in the fast-growing market of Latin America and the Caribbean.
Source: Exclusive Games Magazine Brasil
