The Outlook for the Legalization of Gaming Attracts Investors both Inside and Outside Brazil
- According to the Instituto Jogo Legal, about R$ 59 billion circulates annually in this segment in Brazil
- The regulated activity may be a source of generation of jobs and government tax revenues
- Brazilian and foreign experts and the private sector have a meeting scheduled in São Paulo to analyse the potential of the segment
The legislative proceedings for the regulation of Internet gaming, bingo, casinos and lotteries in Brazil are at an advanced stage in the Chamber of Deputies and the Senate. Proposed Laws 442/91 and 186/2014, providing for a regulatory framework for the sector, are initiatives proposed by the Federal Government to revive the economy by attracting new investment and creating new jobs. And it is a game worth winning. According to the Legal Gaming Institute, the segment has the potential to become a R$ 59 billion business, using countries where gaming is legal as reference.
The market is waiting for the vote and the approval of one of the projects soon. The third edition of the Brazilian Gaming Congress (BgC) is evidence of this. It is an event organized by Clarion Events that will take place on November 20 to 22 at the Tivoli Mofarrej in São Paulo (SP). Taking as its theme "Magnifying Your Vision", the event will bring together leading experts and major players in the gaming segment to discuss key issues for the sector.
With a focus on business, BgC will provide participants with critical information about the commercial characteristics of each gaming segment (bingo, casino, online gaming and lotteries) and product specifications for the industry, thus helping all industry players to prepare to join a future regulated market.
"The focus of BgC is to describe and discuss the Brazilian scenario from the perspective of the regulation of the gaming industry. Discussions will address the positive impact that the definition of a legal framework will provide, such as attracting investment to all regions, generating revenue through taxes and increased employment opportunities in Brazil. Business prospects in this sector are very high," says the CEO of Clarion Events Brazil, Sergio Jardim.
Jardim stresses the importance of discussions around the theme. "There is prejudice and negative stereotypes raised when gaming is discussed. But we must remember that when legalized, the gaming industry represents a source of revenue both for the private sector and the government. Moreover, this industry invests heavily in monitoring technologies to prevent money laundering and other illegal activities associated with various gaming segments," he says.
The Program: The opening of the third edition of the Brazilian Gaming Congress (BgC) will take place on the night of November 20, with a cocktail reception for the participants. November 21 and 22 are the main conference days, which is extends from 8 am to 6 pm. The discussions will deal with topics such as "legislation and regulation", "business opportunities", "case studies" and " impacts of the regulation of gaming in Brazil."
On November 21, the topics to be addressed in the morning sessions are: "Law and Regulation – An Update", "The Economic Outlook for Brazil - why the country needs investment; The Pros and Cons of Investing in the Brazilian Gaming Market", "Creating a Regulatory Agency – International Experiences" and "Regulation, Licensing and Taxes - Strategies for entering new markets based on licensing options."
During the lunch hour, BgC will promote themed roundtables to assist market players in finding partnerships in sports betting, bingo, casinos, online gaming and lotteries. In addition, programmed content during the afternoon will be divided into two rooms, In-Person and Online Gaming, and will address the following topics: "Regulation of Online vs. In-Person Gaming – the pros and cons of consolidated regulation", "Tax implications in implementing business and manufacturing facilities" and "Taxation of Online Gaming– the development of the right models to generate revenues for the State and develop an expanding market "
Other discussions scheduled for the first day are "Location – how to find the ideal locations for the various types of gaming establishments," "Building and launching an online betting business in Brazil – a case study: Suaposta.com.br" "Security and the fight against money laundering", "How to attract the digital players through media and marketing channels", "Technical requirements and product certification", "The fight against money laundering and security for the player's capital", "Case studies of responsible gaming - international recommendations and implementation in Brazil" and "Responsible iGaming."
The morning of November 22 will feature discussions of the following topics: "Legalization and regulation of sports betting in Brazil," "A glimpse of regulated sports betting in Brazil," "Consumer profiles for building a unique experience of suitable entertainment for various players segments" and "Position your brand today to succeed in a regulated future. "
In the afternoon, the event will be divided into three rooms with different content: Bingo, Casinos and Lotteries, which will address the following subjects: "Planning your bingo operation in Brazil," "Introducing slot machines and other forms of gambling in your bingo parlor" "Planning your casino in Brazil," "the use of technology in large casino projects" "Privatization and the future of lotteries in Brazil" and "Social responsibility in the lottery industry. "
About the Brazilian Gaming Congress
Organized by Clarion Events, the 3rd edition of the Brazilian Gaming Congress (BgC) will take place from November 20 to 22 at the Tivoli Mofarrej in São Paulo (SP). With the theme "Magnifying your Vision", the meeting will bring together leading experts and players in the gaming segment to discuss key issues in the industry, which is in the process of creating a regulatory environment in the country.
Tightly focused on business, BgC will provide participants with critical information about the commercial characteristics of each gaming area (bingo, casino, online gaming and lotteries) and the product specifications for the industry, thus preparing all industry players to join a future regulated market. For more information about the event visit www.braziliangamingcongress.com
For over 65 years, Clarion Events has been dedicated to the promotion and organization of trade shows, events and conferences. Clarion brings together about 700,000 people and 12,000 exhibitors and sponsors in more than 250 events held around the world. Clarion Events has a global presence - operating with 12 offices in 9 different countries around the world. It has been in Brazil since 2008.