Brazilian municipality launches $850,000 lottery without federal approval
The São Paulo municipality announced a BR4.5m ($850,000) investment in a 20-year lottery concession.
The São Paulo municipality announced a BR4.5m ($850,000) investment in a 20-year lottery concession.
A BR4m ($742,000) payment from Corinthians to the law firm representing Pixbet has surfaced in documents from one of Brazil's congressional inquiries.
The Secretariat of Prizes and Betting has granted operators 30 additional days to implement preventative systems against social welfare beneficiaries.
The authority has distanced itself from several sites which it affirms are not connected to the regulated Maltese industry.
Financial terms of the transaction have not been released, but Snuneymuxw expects to become one of the largest casino operators by revenue in British Columbia as a result of the deal.
Belle Corporation has reported consolidated net income of PHP1.32bn for the nine months ended 30 September 2025, marking a 14% decrease compared to the PHP1.53bn recorded during the same period in 2024.
IBJR argues that a 15% tax would penalize licensed operators and push consumers toward unregulated betting.
According to the regulator, they had previously warned Spribe that it was operating under an inappropriate licence and needed to apply for the correct one.
The 2021 State Gambling Treaty is currently under evaluation by the German Government.
The study resulted from a recently passed bill authored by Indiana Sen. Andy Zay.