NEWS
The evolving legislative and regulatory landscape of gaming in Brazil
Brazil is on the verge of a major transformation in its gaming sector with Bill 2234/2022, which seeks to legalize casinos and bingo halls and is currently under review in the Federal Senate.
If passed, the legislation could position Brazil as the world’s third-largest gaming market, with over R$ 382 billion in investments projected by the Federation of Hotels, Restaurants, and Bars of São Paulo (FHORESP).
Historically, Brazil had a vibrant casino scene until gambling was banned in 1946. The return of casinos is seen as an opportunity not only to create jobs but also to boost tourism, much like renowned international destinations such as Las Vegas and Punta del Este. FHORESP estimates that legalization could spark a new investment cycle, promoting tourism and revitalizing local economies.
Additionally, the forecast of 12% tax revenue being reinvested into the tourism sector is a positive factor, as various casinos, ranging from resort-integrated establishments to bingo halls in cities with over 150,000 inhabitants, aim to diversify and attract both domestic and international visitors.
The proposed bill not only seeks to authorize gaming operations but also establishes a robust regulatory gaming environment which ensures integrity and security. Bill 2234/2022 emphasizes the government’s role in regulating, overseeing, and enforcing penalties for fraudulent practices, actively addressing previous scenarios where a lack of regulation led to scandals and distrust in the industry.
This level of control is crucial for investor and manufacturer confidence, especially in the casino technology industry. Approval of models for slot machines and other gaming devices will follow trends seen in countries like the U.S. and Germany, where compliance with metrological standards is required to ensure fair and secure gaming machine operations.
Having passed several votes with widespread support and advancing through the Senate, amendments to Bill 2234/2022 ensure the project’s legal sustainability. The bill is expected to move toward Presidential Sanction soon, ensuring the full legality of gaming operations in Brazil.
The National Institute of Metrology, Quality, and Technology (INMETRO) will play a crucial role in this new landscape. INMETRO will be responsible for the initial and subsequent verification of gaming machines, ensuring they operate within the standards set by the legislation. This regulatory framework not only minimizes the risk of fraud but also strengthens the confidence of consumers and OEMs in the efficiency and regulatory compliance of the technology solutions available on the market.