The president of LOTERJ, Hazenclever Lopes Cançado, recently received a visit from André Feldman, president of BIG Brazil International Games, representing Caesars Sportsbook, a licensee of the Caesars Group.
This meeting promises to move the sports betting scene in Brazil. Feldman expressed his interest in operating sports betting under the international group’s brand.
Therefore, focusing on the documentation necessary to enter the LOTERJ Accreditation Notice, the company is committed to continuing the procedures.
“Expectations are high. We intend to enter the Caesars Sportsbook brand in Brazil, starting in Rio de Janeiro”, announced André Feldman.
“Our company is a licensee of the Caesars Group for the area of online gaming and Sports Betting and we are already working on composing all the technical documentation to, in the next few days, officially enter into the LOTERJ Accreditation”, he added.
Caesars Sportsbook is a giant in the US gaming industry
With expectations rising, the executive highlighted the importance of accreditation to start operations in Brazil.
The partnership between the Caesars Group and BIG Brazil to invest in the Rio market was well received by Cançado. This initiative is an incentive for more companies in the sector to register in Rio de Janeiro.
Therefore, the movement of betting giants to establish their operations in Brazil reflects the potential of this expanding market.
So, with the projection of new players adhering to local regulations, LOTERJ stands out as an agent driving this promising betting scenario in the state.
New player could boost LOTERJ activity and state economy
The entry of BIG Brazil International Games, licensee of Caesars Sportsbook, into the Rio de Janeiro sports betting market could boost the state’s revenue.
This would come not only through taxes generated by the activity, but also by attracting investments and generating direct and indirect jobs.
“We are very happy with the decision of Grupo Caesars and BIG Brazil to invest in this betting market in the State of Rio de Janeiro. Its accreditation is an incentive for other bets to come and regularize in Rio de Janeiro”, concluded Hazenclever Cançado.
