Minas Gerais bans betting advertising on state property and orders contract terminations
By SectorWire desk ·
Summary
Minas Gerais adopted a decree banning betting advertising, promotion and sponsorship on state property and at state-supported events. The government also instructed Loteria Mineira to terminate sports betting contracts immediately. Private concessionaires must end betting advertising agreements or face sanctions that can include concession revocation.
Why it matters
Private concessionaires must terminate betting advertising agreements or face sanctions including concession revocation, while Loteria Mineira must end betting contracts.