Brazil’s Latest Law Gives Casino Industry Hope

Brazilian President Jair Bolsonaro and Minister of Economy Paulo Guedes approved a decree late last week that will create an Investment Partnerships Program (PPI) to attract private investment to the national tourism sector.

The measure will do a great deal to generate expectations about the country’s legalisation of casinos, as the programme will be in the hands of an inter-ministerial committee that includes tourism officials in favour of the gaming industry.

Games Magazine Brazil, has reported the people in charge of these areas “will strongly propose” the purpose of creating casinos to “attract multi-million dollar investments and generate thousands of jobs in Brazil.”

The PPI will propose alliances to create new investment firms to develop cultural and natural assets relating to Brazil’s tourism industry. Each two weeks, the programme coordinators will meet to discuss the things on the agenda which include casinos. And one of the first issues probably will be sector regulation at national level.

The inter-ministerial committee will include members from the Ministry of Economy’s Special Secretariat of the Investment Association Program, the Civil House of the Republic ‘s Presidency, the Ministry of Economy’s Secretariat of Evaluation of Public Policies, Planning, Energy and Lotteries (SECAP-ME).

It will also feature the Ministry of Tourism ‘s Tourism Structuring Committee, the Ministry of Tourism ‘s National Secretariat for Inter-institutional Integration, the Ministry of Tourism’s Ecotourism Secretariat, the Ministry of the Environment, and the Republic ‘s Government Secretariat.