SectorWire
SearchGet the daily briefing
Menu

Casino Magic plans USD 15 million hotel and venue investment in Neuquén

Regulation

Casino Magic Neuquén has presented plans for a four-storey, four-star hotel in the provincial capital as part of an investment programme valued at USD 15 million, reportedly announced on 18 August. The plan would expand the complex to 103 rooms and include technical and building upgrades to the gaming floor. Neuquén's concession rules link extensions to tourism and technology investment, alongside higher taxes and fees.

The investment forms part of the infrastructure commitments tied to casino concession extensions in Neuquén.

Request a correction

Keep reading

Regulation

Brazil’s STF weighs betting suspension as legal challenges raise uncertainty

Brazil’s Supreme Federal Court (STF) is considering the constitutionality of Provisional Measure 1,394/2026, which temporarily suspended the regulated fixed-odds betting market. At a 3 November hearing, Justice Luiz Fux raised questions about legal certainty, non-retroactivity and the measure’s constitutional basis; the source says the court may consider how a ruling affects companies already approved. A separate appellate ruling granted temporary relief to CDA Gaming, though the source text ends before detailing its effect.

Justice Luiz Fux of the Supreme Federal Court (STF) scheduled a hearing on November 3, and 36 associations attended to debate Provisional Measure (MP) 1,394/2026. Under that measure, Brazil's regulated fixed-odds betting market was put on temporary hold.

Continue reading