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Legalization of All Gambling Verticals Could Save Brazil from its Financial Crisis

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Legalization of All Gambling Verticals Could Save Brazil from its Financial Crisis

 

Brazilian Deputy Bacelar, who is also the coordinator of Mixed Parliamentary Front for the approval of the country’s Gambling Regulatory Framework, has affirmed that the legalization of all gambling verticals could play a key role in economic stability in the country.

Bacelar emphasized that solely legalizing casino resorts would not be the most beneficial option, as he cited that it could lead to a monopoly.

He stated that following the current health pandemic, he is in favor of legalizing all gambling verticals, including jogo do bicho, on the grounds that gambling could save Brazil from its current financial crisis and rejuvenate the economy.

He added that the market could be worth $10bn, and could generate up to $1.8bn in taxes.

“These are annual estimations. Gambling has an extremely high potential, unlike casinos, which would take three to four years to generate profits for the country. In other words, we are losing money,” Bacelar said.

“Furthermore, if we only legalize integrated resorts, we will hand over the entire sector to North American corporations, which are only interested in implementing these projects in Rio de Janeiro and São Paulo,” he added.

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PGS 2024: Endorphina invites iGaming enthusiasts to participate in its Dia de Los Muertos party!

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PGS 2024: Endorphina invites iGaming enthusiasts to participate in its Dia de Los Muertos party!

 

The slot provider Endorphina just announced its Dia de Los Muertos-themed party, which will be linked to this year’s Peru Gaming Show, La Eterna Fiesta de Endorphina. The party will be held at the Hidden Experimental Bar in the Miraflores area on June 13th, starting from 19:00. Inviting all iGaming enthusiasts, this event will provide the ideal ambiance for connecting with compatible individuals in the industry.

During La Eterna Fiesta de Endorphina, attendees will be encouraged to show off their dance moves on the floor, grooving to the beats of Endorphina’s Latino DJ who will be present for the event. Delicious bites and refreshing brews will also be included, creating the easy-going atmosphere that Dia de Los Muertos stands for.

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FanDuel TV Launches New FAST Channel “FanDuel TV Extra”

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FanDuel TV, the cable television network from leading online gaming company FanDuel, announced the launch of “FanDuel TV Extra,” a free ad-supported streaming television (FAST) channel. “FanDuel TV Extra” is currently available on a variety of streaming platforms including Pluto TV, The Roku Channel, Xumo Play, Plex, and through FanDuel’s own OTT platform FanDuel TV+.

“FanDuel TV Extra” airs more live sports than any other FAST channel currently available, making it the premier destination for watch-and-wager programming. Viewers and bettors will have access to live award-winning horse racing coverage FanDuel TV is famous for as well as international basketball including China’s CBA, Germany’s BBL, Turkey’s BSL, and Pan-America’s BCLA, international soccer from South Korea’s K-League, PDC darts, and poker from PokerStars.

Programming on “FanDuel TV Extra” will also include episodes of FanDuel TV’s original studio shows “Up & Adams” and “Run It Back”. Fans can watch player interviews and expert analysis of the top storylines from around the NFL and NBA from their favorite personalities like Kay Adams, Shams Charania, Michelle Beadle, Chandler Parsons, Lou Williams, and more.

“Launching ‘FanDuel TV Extra’ was another important step in expanding distribution for FanDuel TV content and reaching new audiences. Our research showed a large portion of our target audience already consume content on FAST. Airing over 12 hours of live sports a day that can be wagered on significantly differentiates our channel in the market and allows us to reach a new cohort of passionate sports fans and bettors. We plan on continuing to invest in the reach of ‘FanDuel TV Extra’ by adding it to other top FAST providers in the near future,” Kevin Grigsby, Executive Producer and SVP of FanDuel TV, said.

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Compliance Updates

Greyhound Advocates Applaud Gov. Ned Lamont for Signing Bill to Outlaw Dog Racing

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The largest greyhound protection group in the world thanked Connecticut Governor Ned Lamont for signing a bill to outlaw greyhound racing, calling the new law a victory for everyone who cares about dogs.

“The end of dog racing in Connecticut has finally come because of the hard work of dedicated lawmakers on both sides of the aisle. Greyhound advocates everywhere applaud Governor Lamont’s enthusiastic stand against this cruel industry. Connecticut now joins 42 other states that have already rejected this outdated and inhumane form of gambling,” said GREY2K USA President and General Counsel Christine A. Dorchak.

Greyhound racing is now illegal in 43 states, and only continues to exist at two tracks in West Virginia. After dog racing gradually declined for decades, Florida voters outlawed the activity in 2018 by a vote of 69% to 31%, closing twelve operational racetracks. A bill to prohibit gambling on greyhound racing nationwide was introduced in the 117th Congress and earned the support of 105 cosponsors and more than 250 humane groups, anti-gambling organizations, and local animal shelters.

All mainstream animal protection groups oppose greyhound racing due to animal welfare concerns. At the last two remaining dog tracks in West Virginia, state records indicate that 666 greyhounds were injured in 2022 including 218 dogs that suffered broken bones and five greyhounds that died. Thousands of dogs also endure lives of confinement at West Virginia tracks, kept in cages barely large enough for them to stand up or turn around for long hours each day.

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