SectorWire
SearchGet the daily briefing
Menu

Abras reports food-retail sales growth after Brazil bets ban

Regulation

The Brazilian Supermarkets Association (Abras) said food-retail sales rose in the weeks after a provisional measure banning bets took effect on 25 September. It reported year-on-year increases of 6.5% for 5–11 October and 6.3% for 12–18 October, while the report also noted that the figures do not establish that the ban caused the growth.

Abras reported food-retail sales growth after the betting ban, but the figures do not establish that the ban caused it.

Request a correction

Keep reading

Regulation

Flávio Bolsonaro reported to call Flamengo president after Brazil bets ban

Brazilian presidential candidate Flávio Bolsonaro reportedly phoned Flamengo president Luiz Eduardo Baptista a day after the government published a provisional measure banning bets. The senator indicated he would seek a solution for football clubs and betting houses if elected, without committing to restoring operators' authorisation.

Flávio Bolsonaro, the PL presidential candidate, telephoned Luiz Eduardo Baptista, known as Bap, the president of Flamengo, one day after the Lula government published a provisional measure banning bets in Brazil, citing a Folha de S.Paulo report based on three people linked to football and to the Bolsonaro campaign who spoke on condition of anonymity. According to those accounts, the senator indicated that, if elected, he would find a solution for football clubs and betting houses, but did not commit to restoring the authorisation for betting companies to operate again.

Continue reading