Gambling might soon be legalised in Brazil and major operators like Las Vegas Sands have turned their attention to its possible market.
Brazil.- For over 70 years, gambling has been illegal in Brazil but the tide may soon change as lawmakers are debating two possible bills. The prospect of having such a huge market in Latin America has attracted some of the biggest operators’ attention and there already are rumours of casino projects in the country.
Some media outlets reported that the Mayor of Rio de Janeiro, Marcelo Crivella, and casino mogul Sheldon Adelson held a meeting together in which they discussed Las Vegas Sands’ interest in building an US$8 billion integrated resort in the former capital city. The reports indicate there was no specific talk about the inclusion of a casino but it is very likely that one would be thrown in the mix once Brazil legalises gambling.
Rio is among the top five most visited sites in the country and its touristic value would generate major income for the gaming industry. Upcoming legislation is expected to -once it’s approved- turn Brazil into one of the biggest, most profitable markets in the world. Taking all that into account, Adelson’s visit could be an indicator of the gaming industry pushing for legalisation, according to local newspaper O Globo.
Other companies are also interested in participating in Brazil’s gaming market: MGM Resorts general manager James Murem also visited the country to discuss business, the media outlet reported. US-based Caesars Entertainment & Red Rock Resorts, Portugal’s Estoril del Sol & Casinos Austria are also expecting for one of two bills to turn legal gambling into a reality in the South American giant.
According to, Calvin Ayre, Adelson was expected to meet with more officials, lawmakers and even President Michel Temer during this week.