Brazil's fiscal crisis brings hopes to the country that gaming regulation could pass to allow casinos in the country for the first time in 70 years.
Last week, Brazil's Special Commission on National Development overwhelming approved Bill 186 by a vote of 8-2 with one member abstaining. The bill, authored by Senator Ciro Nogueira, a huge proponent for gaming reform in Brazil, has a long way to go before it can become law of the land, but this is a step in the right direction. Legislators in the Senate must approve the bill by a full vote while also receiving approval from both Brazil's lower house and President Dilma Rousseff before passing it into law.