As both the Chamber of Deputies and the Senate elect new presidents, February 1 may be a crucial day for the legalisation of gambling in Brazil.
Several industry critics are candidates for the seats, but the favourites to win, Arthur Lira (PP-AL) and Rodrigo Pacheco (DEM-MG), are legal gaming supporters.
If elected, 2021 may be the year when the regulated gambling market finally opens in the largest country in Latin America.
Parliament will launch its new session at 4 pm (Brazilian time) on February 3 after the vote, so news about possible legalization could come soon.
For the sector, the worst outcome will be the election of candidates opposed to gambling legalisation.
Simone Tebet (MDB-MS), the key opponent of Rodrigo Pacheco for the presidency of the senate, is especially opposed to the field.
NL Data was told by the senator: “I am radically against this controversial bill, which will open the door to tax evasion, exchange evasion and political corruption.”
The nation remains divided, for now, on whether to legalise gambling or not. Either by casinos or integrated resorts, even those in favour are split over how it should be implemented.