Could Consumers be affected by the transfer of Lotteries to Subsidiary?
Friday 19 de April 2024 / 12:00
⏱ 1 min read
(Brasilia).- Caixa Econômica Federal's Board of Directors has approved the transfer of the bank's lottery activities to Caixa Loterias. The company is a wholly-owned subsidiary of Caixa, and was set up in 2015 for this purpose.
According to Caixa, the change could bring greater profitability to the business. "The migration will provide greater focus and contribute to the objective of modernising the lottery business, expanding the gaming market, diversifying products and increasing results," says the bank.
Caixa exclusively operates the lottery games service, which includes brands such as Mega-Sena. These services are exclusive to the Federal Government, by law, but they have faced competition from online sports betting shops, the so-called bets, which are different in nature and were regulated by the government last year.
Protests
The change was approved despite protests from the bank's employee associations, who said that the move could open the door to privatisation of the business. Caixa said in a statement published last Sunday (14) that this move depends on Congress, regardless of which lottery operator it is.
As well as betting, lottery shops are an important part of Caixa's service network. In December last year, there were 13,300 units across the country, out of a total of 26,500 physical points of service for the bank.
Categoría:Lottery
Tags: Sin tags
País: Brazil
Región: South America
Event
SBC Summit Americas 2026
09 de June 2026
SBC Summit Americas 2026: A Hub for Networking and Collaboration
(Fort Lauderdale).- Held at the Broward County Convention Center from June 9-11, SBC Summit Americas facilitated discussions between operators, affiliates, suppliers and regulators on the opportunities and challenges shaping gaming markets across the Americas.
Friday 19 Jun 2026 / 12:00
RavenTrack Strengths Affiliate Tracking Solutions for the Americas Market
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Aron Myerthall, Global Head of Sales and Partnerships at RavenTrack, shared the company’s objectives at SBC Summit Americas 2026, the opportunities generated, and his outlook on the future of the gaming industry in the region.
Friday 19 Jun 2026 / 12:00
Worldmatch Insights from SBC Summit Americas: Key Trends and Innovations
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2026, Gabriele De Lorenzi, Worldmatch commercial director, shared his insights on objectives, networking highlights, industry trends, and key takeaways that will shape the company’s strategy in the months ahead.
Friday 19 Jun 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.
