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Panama's gaming industry contributes B/.5.6m monthly to the treasury

Regulation

Source: Junta de Control de Juegos (Panama)

Panama's Gaming Control Board (JCJ) contributes an average of B/.5.6 million a month to the national treasury, according to a report by the Directorate General of Revenue (DGI). From January 2014 to April 2020, its contributions exceeded B/.400 million; the report records B/.14.5 million for January, February and April 2020 combined.

The figures indicate the gaming sector's reported contribution to Panama's public finances.

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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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