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Lagos gaming industry seeks investors to develop regulated sector

Regulation

Source: Lagos State Lotteries and Gaming Authority

Lagos State Permanent Secretary for Finance Funmilayo Balogun said the state’s gaming industry would continue working with investors to improve standards. She spoke at a gaming regulators’ round table organised by the Lagos State government with Gaming Laboratories International, where officials discussed operator auditing and regulation.

Potential investor partnerships and audit discussions may shape gaming standards and oversight in Lagos.

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Regulation

Brazilian Congress president extends betting ban measure by 60 days

Brazil’s Congress president, Davi Alcolumbre, extended the provisional measure prohibiting fixed-odds betting for a further 60 days, with the decision published on 11 November. The extension gives lawmakers until February to consider the measure, which would end betting authorisations, block websites and apps, and return user balances; the government estimates the ban would reduce revenue by BRL12bn.

Brazil’s provisional ban on fixed-odds betting has been extended by another 60 days by Congress president Davi Alcolumbre. The decision appeared in the federal official gazette on Wednesday 11.

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