Authorities Agree Brazil Sports Betting Add To PPI Programme

This week the Brazilian Council of the Investment Partnerships Program (CPPI) met with President Jair Bolsonaro and Economy Minister Paulo Guedes to discuss new projects that could be incorporated into the programme.

The authorities agreed during the meeting to include sports betting in the PPI programme, through which the government intends to build jobs and reduce the negative effects of the COVID-19 pandemic.

According to BNL Data, the state seeks greater efficiency in its models of public management by growing competition, legal structures and regulatory reforms to draw local and foreign investors.

Martha Swiller, the Ministry of Economy’s (SECAP) special secretary for the PPI, said the federal government is trying to rapidly monitor the privatisation process.

She discussed the inclusion of sports betting in the PPI at a press conference, stating: “We include a sports lottery called ‘fixed odds betting’, which will be structured so we can have a concession system. In accordance with the legislation for these services, the goal is to attract private partners, in view of the existing regulations, so we can collect taxes and contribute to the fiscal effort of the government.”

The privatisation process establishes that the BNDES will be responsible for execution and monitoring while SECAP will coordinate the privatisation procedures and the various stages.

Additionally, BNDES will be responsible for facilitating the procurement of accounting , auditing and other resources for the privatisation process. The bank will oversee the hiring of the specialised technical services required for economic and financial evaluation, business plan development, and legal advice.

The decree also stipulates that the responsibility of the BNDES is to define the concession model, the number of licences and the minimum values for the subsidies.