Brazil has moved forward with a lottery project to restructure the current operating system.
The Hamilton Princess Hotel & Beach Club would also host a casino if the government approves the project.
The Caribbean country is getting closer to a gaming industry legalisation as the market could experience changes in the short run.
The Bahamas Christian Council president, Bishop Delton Fernander, said the group remains opposed to the introduction of a national lottery.
The casino announced a US$130 million investment as part of a push to compete with the recently inaugurated Baha Mar.
Major Las Vegas-based casino companies are still looking into Brazil while the Operation Car Wash scandal keeps gaming laws untreated.