Brazil begins finalizing process of first 71 gaming license applications

The Ministry of Finance's Secretary of Prizes and Bets, has notified authorities that the process of authorising applications has begun in advance of the market's official opening on January 1, 2025. The licence fee has already been paid by sixteen of these. As of right now, 16 businesses have paid the Ministry of Finance a total of US$81.1 million in licensing costs. Until the companies pay the required fees, they will not be considered formally allowed to operate.