Brazil accelerating casino legislation

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Brazil’s government aims to accelerate legislation for casino resorts after appointing Senator Veneziano Vital do Rego to represent the casino bill, which was first introduced last September.

The bill would allow one casino in each of Brazil’s 26 states with 35-year concessions. The gaming floor would occupy up to 10 per cent of the buildings.

Operators would be selected based on a scoring system with 70 per cent of points awarded for the quality of the project and 30 per cent based on the value the operator would pay back to the government. 

Operators must implement player protection and anti-money laundering measures including verifying the identity of customers who deposit or withdraw more than $1,850 in a single day.

The bill is named the Adelson Bill after the late Sheldon Adelson, who lobbied for casino resorts in the nation of more than 210 million citizens.

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Source: Fantini’s Gaming Report

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