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Central and South America News - Page 17

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SEC to Investigate Brazil Corruption Issues

GTECH Holdings report that it has received notice from the SEC that it has approved an investigation to examine media reports about public corruption issues in Brazil.

Brazil's Problem Gamblers Turn to Bingo

International News Brief: Psychologists and support groups who treat compulsive gamblers in Brazil say they've run out of patients since the country's bingo halls reopened.

Brazil's Lula Seeks Bingo Ban

International News Brief: Brazilian President Luiz Inacio Lula da Silva will make a new bid to ban bingo gaming after the Senate rejected his previous attempt in a heavy defeat for the government, a spokesman says.

Brazil Track Opens Bidding for Management Contract

Jockey Club de Sao Paulo has opened competitive bidding for management of its horseracing properties.

Brazil Passes Bingo Ban

International News Brief: Brazil's government won a much-needed political victory after the lower house of Congress passed a measure outlawing bingo parlours in a move to stamp out a source of illegal campaign funding.

IRS Targets Belize Accounts in Gambling Investigation

ews Brief: Federal prosecutors have filed papers to seize nearly $5 million from various corporate bank accounts in Belize as part of an ongoing Internal Revenue Service investigation of a gambling business in the Central American nation.

GTECH Scandal Threatens Brazil's President's Reputation

International News Brief: GTECH Holdings and the U.S. Embassy in Brazil are being sucked into a widening scandal that threatens the credibility of Brazil's leftist president, his reform plans and his once squeaky-clean party.

Carnegie Cooke's OTB Includes Slot Machines

Carnegie Cooke’s new Brazil off-track-betting facility will include casino-type slot machines, as well as simulcast transmissions of Brazilian and international races.

Intralot Signs Deal with Chilean Gambling Operator

International News Brief: Greek gaming systems operator Intralot say that it signed a new deal with the Chilean state gambling operator for the operation and risk management of fixed-odds betting games.

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