Brazil’s New Gaming License Regulations

[MissExposé]

The Brazilian government mandates gaming operators to obtain licenses by December 2024 under Normative Ordinance 827, facing penalties from January 2025. The ordinance, part of a four-step regulatory process, details the licensing requirements, including a BRL30 million fee and 12% gross revenue tax. Operators must establish a local presence, meet financial criteria, and ensure compliance with strict operational standards.

Source: https://news.worldcasinodirectory.com/brazil-mandates-gaming-licenses-by-end-of-2024-non-compliant-operators-face-regulatory-action-113507

 

[edgarf76]

Brazil has been a good market but it seems like things are changing for the worst.