Tag Archives: Caixa
Brazil – Caixa reports slight increase in lottery revenue in 2023
Caixa lotteries shared the financial results for the fiscal year 2023 as part of Caixa Econômica Federal’s annual final presentation. According to the report, the accumulated result for the year 2023 showed revenue of R$23.4 billion. This represents an increase of only 0.9 per cent compared to the total income recorded in 2022 – R$23.2…
Brazil – Lotex removed from privatisation programme
The federal government has announced that it has withdrawn the Instant Lottery (Lotex), from the National Privatization Program (PND). The measure was formalized through a decree published today which was published in the Official Gazette of the Union. The decree was co-signed by the acting President of the Republic, Geraldo Alckmin, and the Minister of the…
Brazil – Caixa to enter online sports betting market
Caixa Econômica Federal has signed a contract with the global audit, transactions and consulting company Ernst & Young to provide specialized services in structuring a business model for Caixa’s sports betting operations. The information was made official in the Official Gazette notice of the federal government of Brazil. The contract will have a duration of 12 months, effective…
Brazil – Instants to go back on sale in March
Special adviser to the Ministry of Finance José Francisco Manssur has confirmed that instant lottery Lotex will be on sale once again in March. The Ministry of Finance authorized Caixa the right to offer instant lottery Lotex on 28 December. New rules give Caixa the right to issue instants for a period of 24 months including online instants after…
Brazil – Caixa to roll out of instants later this year
The president of Caixa Econômica Federal Rita Serrano said that the bank should begin the roll out of instant lottery Lotex this year. “We are preparing to take over the instant lottery again,” the official said in a press interview, commenting on the bank’s second-quarter results. Serrano also said that Caixa wanted to compete in other lottery modalities,…
Brazil – Record year for CAIXA
CAIXA Lotteries announced that it had transferred R$10.9 billion in 2022 in social welfare programs to several high priority areas in the country, such as security, public safety, health, education, sports and culture. The amounts transferred to legal beneficiaries last year reached record levels and reflected a 23% growth in relation to transfers made in 2021,…
Brazil – CAIXA board member loses position in riot investigation
The former Minister of Justice and Public Security, Anderson Torres, has been removed from his post from Caixa’s supervisory board. His removal comes  as a result of an investigation into whether he colluded with the storming of congress, the presidential palace and the top court in Brasilia. The attack on the headquarters of the Three…
Brazil – City Hall approves new lottery bill in Caxias do Sul
The municipal government of the city of Caxias do Sul filed a bill giving city hall the right to offer a large number of new games establishing the Municipal Public Service of Lotteries. In the explanatory memorandum, officials argue that due to the current economic crisis, it was essential to develop new ways to raise funds. The…
Brazil – Head of CAIXA quits amidst sexual misconduct scandal
Pedro Guimarães, the head of Caixa Economica has resigned amidst allegations of sexual harassment. Guimarães resigned after reports in press began to emerge that he was under investigation by local law enforcement. His has been replaced by Economy Ministry official Daniella Marques, according to Brazil’s official gazette. Via social media Guimarães claimed that he was…
