EGT Digital Brasil supplies VLT technology to Rio Jogos in Rio de Janeiro
Deals & M&A1 min read
EGT Digital Brasil said it provides VLT machines and central-system technology to Rio Jogos, a Loterj-licensed operator in Rio de Janeiro. The supplier said its model uses partnerships with licensed operators rather than exclusive agreements with LOTERJ, and that about 80 machines were active in Paraíba.
Rio de Janeiro's lottery tender bars video lottery terminals (VLTs) from accepting banknotes or other direct cash payments, prompting supplier EGT Digital Brasil to redesign its hardware and software, chief executive Celina Guedes said in an interview with Ricki Chavez-Munoz.
Casino gambling is not yet legal in Brazil. Guedes said they believe the timetable for regulating physical casinos remains uncertain and, given the current political and regulatory context, do not expect significant developments in the short term, although the long-term potential remains very strong. She said the process would require legal approval and a regulatory structure with supervisory bodies and compliance mechanisms.