Las Vegas Casinos inaugurate online gambling in Brazil with US$16 million investment
Tuesday 01 de October 2024 / 12:00
⏱ 1 min read
(Brazil).- Las Vegas casinos such as MGM Grand and Caesars Palace are close to obtaining a licence to operate in the online gambling sector in Brazil. In addition, Hard Rock Cafe is looking for opportunities to enter the national market.
Multinational land-based gaming multinationals are opening their bets not only to profit from the online sector, but also to test the dynamics of the Brazilian market. They are already eyeing the possibility of opening casinos in paradise destinations and are looking to build their brands in the country.
Executives of these companies comment that Brazil followed a reverse process to the rest of the world: it legalised online gambling before organising the face-to-face gambling market under state rules.
In parallel to the authorisation of online gambling, the Parliament debated again the project to regulate ‘bicho gambling’ [parallel lottery], horse racing and casinos.
Caesars Palace already has a Loterj licence to operate in Rio, is currently building its headquarters in Americana, in the interior of São Paulo, and is hiring staff.
MGM Resorts has already invested R$54.25 million (US$10 million) in the project it will launch with Grupo Globo, BetMGM. In a post on LinkedIn, group CEO Bill Hornbuckle wrote that the company aims to bring the ‘authentic Las Vegas gambling experience to Brazil.’
By Pedro S. Teixeira
Categoría:Casino
Tags: Sin tags
País: Brazil
Región: South America
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
