Latest Photo Galleries
Brazilian Markets
17h35 Bovespa |
+0,81% | 127.195 |
16h43 Gold |
0,00% | 117 |
17h00 Dollar |
+0,58% | 4,9151 |
16h30 Euro |
+0,49% | 2,65250 |
ADVERTISING
Temer's Allies Push for Legalisation of Gambling
05/17/2016 - 09h05
Advertising
BERNARDO MELLO FRANCO
FOLHA COLUMNIST
Ministers in Michel Temer's government advocate the legalisation of gambling as a means of generating revenue for the state.
The idea is supported by at least two close councils to the stand-in President: Henrique Eduardo Alves (Minister of Tourism) and Geddel Vieira Lima (Government Secretary), both member of the Brazilian Democratic Movement Party (PMDB).
According to Alves, the proposal to legalise would include bingo halls, casinos and a Brazilian lottery-based game called "jogo do bicho".
"The idea is to legalise all these games. At the moment this activity goes on illegally, under the radar, thus not generating any profits for the state," he said.
Alves said that Temer is "sympathetic" to the idea, but he has not decided on a course of action since assuming Presidency last week.
The PMDB minister maintained that the legalisation of gambling would increase tourism and could boost Brazil's economy.
Brazil's Public Prosecution is against the idea. It has outlined the potential risks of increased levels of corruption and money-laundering.
Minister Geddel Vieira Lima, who will be responsible for the relations between the stand-in government and Congress, said he was in favour of the legalisation.
So far, no consensus has been reached regarding the overall sums expected to be generated by legalising gambling.
Minister Henrique Alves believes the state could benefit from up to R$20 billion (US$ 5.7 billion) per year. He claimed it would be as lucrative as the CPMF, Brazil's famous tax on financial transactions that raised billions of reais for the state until it was abolished in 2007.
Translated by GILLIAN SOPHIE HARRIS
Read the article in the original language
+Latest news in English