Lawmakers might be on the verge of bringing back legalized casinos
Brazil may be on the edge of a significant decision that could reshape its gambling landscape. The Senate is expected to vote soon on a long-debated bill that would legalize land-based gambling, including casinos, bingo, jogo de bicho, and betting on horse racing. This vote could finally open the door to a regulated gambling industry in the South American country, and it could happen this week.
The bill, known as PL 2,234/2022, narrowly passed the Justice and Citizenship Committee in June with a 14-12 vote. It has since been awaiting a full Senate vote. Senator Irajá Abreu has recently emphasized the urgency of passing this legislation, expressing confidence that there are enough votes to approve it. He stressed that legalizing land-based gambling is crucial for Brazil’s economy and regulatory framework.
Industry experts share this optimism. Alex Pariente, a senior executive at Hard Rock International, argues that legalizing land-based casinos is essential for formalizing the industry. He pointed out that unregulated gambling is already happening in Brazil, and a legal framework would help protect consumers and ensure responsible gaming practices. Pariente also noted the support of key figures in the Brazilian government, including Finance Minister Fernando Haddad and President Luiz Inácio Lula da Silva, who have both backed the bill.
Despite the bill’s narrow passage in the committee, some believe the full Senate vote will be more favorable. Hugo Baungartner, a leading figure at Aposta Ganha, suggested that the broader Senate might offer stronger support for the bill.
Legalizing land-based gambling is expected to bring significant economic benefits to Brazil. Advocates argue that it could boost the country’s tourism industry, attract international investment, and create new jobs. If the bill passes, Brazil could become a major player in the global gambling industry, potentially rivaling other large markets.
The upcoming vote represents a critical moment for Brazil’s gambling industry. If successful, it could mark the beginning of a new era for gambling in the country, one that is regulated, profitable, and capable of attracting significant tourism and investment.
