Ortiz Gaming supports gaming legalization in Brazil
18 May 2016
The BgC marks a historical beginning to the journey of the legalization of gaming in Brazil. Industry experts in gaming, hospitality and tourism, legislators and supporters attended the BgC last week to share and implement the best practices from around the world in creating a responsible gaming market of economic benefit to the country.
Ortiz Gaming executives attended the event as the company strategically begins to follow the route set by the government for legalization. Two important attendees at the event were Ortiz Gaming's Founder, Alejandro Ortiz, and President Maurilio Silva, as Ortiz Gaming is preparing for the opening and operation of all states in the Brazilian market. Ortiz Gaming itself is known globally for their video bingo gaming machines and currently has a strong presence in Brazil, through social games. The company and its executives know the market and its demographics, and is ready to follow and support the laws being implemented by the country's government.
"We know that this process will not happen overnight, which is more of a reason to support the Brazilian government and industry through this development," stated Alejandro Ortiz, founder of Ortiz Gaming. "We have seen the lift that responsible gaming can have on a country's economic wellbeing, and this is something Ortiz Gaming supports for Brazil. Legalized Gaming in all states in Brazil will create jobs, increase global tourism to the country and generate possibly billions in taxes. This is money that each state can use to support their communities and the growth of the country overall," concluded Mr. Ortiz.
The BgC event was a significant starting point to the legalization of gaming in Brazil, bringing clarity and confidence to this future market, allowing companies like Ortiz Gaming to prepare for the journey of legalization and operation in all states in Brazil. With a strong regulatory framework in Brazil, analysts have already estimated it will make a significant financial impact for the country.