Tag Archives: Sao Paulo
Winner for São Paulo lottery tender exceeds all expectations with R$ 600 million bid
The consortium Aposta Vencedora, led by the Portuguese company SAV Participações, has secured the concession for the new lottery for the state of São Paulo auctioned off last Friday (November 1) at the B3, São Paulo Stock Exchange. According to Agência Estado In a heated live bidding competition, the winning offer was R$ 600 million, representing…
São Paulo government launches lottery tender
The São Paulo government launched a “Marathon of Auctions” on Tuesday (29), which is expected to bring R$ 20 billion in investments to the state. The Public-Private Partnership (PPP) for Lotteries is scheduled for Friday (November 1), with the envelopes from interested parties having been submitted on Monday (28). The auction, which will take place…
Brazil – Betting bill gets green light in São Paulo
The São Paulo’s city council has approved betting bill (Bill 613/2022) in its second hearing. The bill will put in place a minimum rate of only 2 per cent on the “ISS” tax (the tax on goods and services) for betting companies looking to set up in the city. The bill will now be sent to the mayor…
Brazil – Court upholds suspension of lottery tender in São Paulo state
The São Paulo Court of Accounts has ratified the decision, to delay the tender for the State of São Paulo. The decision came after the Counsellor of the Court of Accounts of the State of São Paulo suspended the International Bid 02/2022 of the Social Lottery of the State of São Paulo for 24 hours…
