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Online sports betting legalized in Brazil

Niji Ng

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Online sports betting legalized in Brazil
Photo Source: economist.com / Michel Temer President of Brazil
Reading Time: 1 minute

 

In a significant development in South America, the continent’s largest country Brazil has passed a bill to legalize sports betting in the country. President of Brazil Michel Temer passed Bill MP 846/2018  to effect income redistribution from federal lotteries and legalize online sports betting.

The new bill will offer directions on how to divide the revenues from lotteries among the Culture, Sports and Security portfolios.

It should be noted that the bill observes a two-year term for the Ministry of Finance to regulate the conditions needed for the exploitation of online sports betting through licenses, and estimates that the annual collection reaches USD 255M for Public Safety, USD 161M for Sports and USD 113M for Culture.

For several analysts, the approval of this law represents a great victory for the sector and a possible first step for the regulation of all types of games of chance. Currently, two projects are waiting to be analyzed by Congress; although the new authorities headed by the elect president Jair Bolsonaro do not seem to be particularly predisposed to a wider opening of the game in the country.

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Latest News

Week 3 slot games releases

George Miller

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Week 2/2019 slot games releases
Reading Time: 3 minutes

 

Check out this week’s latest slot game releases

 

RTG (Realtime Gaming), has launched a new slot game based on the life and times of an ancient Chinese empress called: Wu Zetian. Travel back to the days of China’s Tang Dynasty and meet Empress Wu Zetian in this historical slot game from RTG Asia. From January 2019, the Wu Zetian slot shall be playable on desktop and mobile devices across participating RTG Asia casinos.

RTG- Wu Zetian slot

 

iSoftBet, surprised us with the release of Jumbo Stampede to the wider market following a successful exclusivity period with multi-brand operator GVC. Jumbo Stampede, a 4×6 slot featuring 4096 pay ways set on the African plains, is the latest addition to the top-performing iSoftBet portfolio and is certified for all regulated markets including the UK, Belgium, Portugal, Estonia, etc.

iSoftBet unleashes Jumbo Stampede slot

 

True Flip Revealed their Crypto-Themed slot: Mining Factory With Plasmatron Bonus. Mining Factory is a highly volatile, 3×5 video slot with 27 paylines, Expanding Wilds, Free Spins and an accumulative Plasmatron Bonus. RTP is 96.1%, the Max win is 16,200x coin value. Featuring state of the art visuals, Mining Factory has a responsive design based on HTML5 and handles comfortably across a wide range of devices.

True Flip's Crypto-Themed Mining Factory slot

 

Blueprint Gaming is leading players into battle to compete for riches in its highly-charged new release Rome: Rise of an Empire. The 5×3 reel slot sees players take the role of a Roman Gladiator as they attempt to fight their way to greatness in front of a packed-out Colosseum

Blueprint Gaming- Rome: Rise of an Empire slot

 

Innovative slots and casino content supplier Kalamba Games invites players to a dystopian world where man meets machine with the release of its latest slot title: Machina. This new slot introduces a futuristic cityscape of cyborgs and robots full of exciting free-spins and bonus jackpots on a dynamic reel.

 Kalamba Games - Machina slot

 

Pragmatic Play, has expanded its portfolio with the launch of its new western-themed video slot Mustang Gold. The 3×5 reel, 25 payline slot is set in the Wild West and features traditional slot symbols, as well as cowboys, cowgirls and majestic horses that fill the reels, accompanied by golden winning symbols, such as horseshoes.

Pragmatic Play - Mustang Gold video slot

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Gambling in the USA

Caesars becomes the official casino for the NFL

Niji Ng

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Caesars becomes the official casino for the NFL
Photo Source: f1reader.com
Reading Time: 1 minute

 

Caesars Entertainment signed on as the official casino for the National Football League (NFL). But the deal has some significant shortcomings, so its value is much less than the rest of the jewels snagged by MGM Resorts , which has partnered with professional baseball, basketball, and hockey.

The deal between Caesars and the NFL gives it some opportunities, but because the football league cannot get past its opposition to sports gambling generally, it diminishes the potential.

Starting with the 2019 NFL playoffs, Caesars will have the right to use NFL trademarks, like the logo and the words “Super Bowl,” to promote its casinos and properties here and abroad to create “unique experiences” for fans.

The agreement only names Caesar’s the league’s official casino and specifically excludes sports betting, daily fantasy football leagues, and non-casino hotels and resorts. As a result, Caesar’s cannot use NFL trademarks to promote its sportsbooks. Since sports betting — and arguably fantasy football, too — are where the real potential is, Caesars is basically just getting the chance to advertise its casinos at games and related events.

Caesars’ deal is much less than what MGM Resorts has secured through its agreements with the other sports leagues. They allow MGM to use official league branding with both its casinos and its digital sports-betting operations.

 

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Industry News

Rank Group appoints Tang Hong Cheong as non-executive director

Niji Ng

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Rank Group appoints Tang Hong Cheong as non-executive director
Reading Time: 1 minute

 

The Malaysian executive, Tang Hong Cheong has been appointed as a non-executive director at UK gambling operator Rank Group Plc.

He served as President and CEO of Asian firm Guoco Group since 2016. Tang Hong Cheong has also worked as Chief Executive of Malaysian investment conglomerate Hong Leong Group. His expertise as a C-level executive includes corporate financing, risk management, transformation projects and strategic planning.

“I am pleased to welcome Hong Cheong to the Rank board. Hong Cheong has been working with the management of Rank since 2010 and has a broad understanding of the operational, financial and business aspects of the Company,” Rank Group Plc chairman Ian Burke said. He added: “With Hong Cheong joining the board, he will be able to further enhance the communication between Rank and its major shareholder and, with his extensive commercial experience, be able to bring valuable contributions to the Rank board.”

 

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