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Brazil should move forward with policy changes aimed at attracting investment, including the legalization of casinos and expanded access for foreign capital in agriculture, Senator Irajá Silvestre said during the Brazil Investment Forum in New York.
Irajá, rapporteur of the Casinos Bill, PL 2234, in the Senate, said tourism remains an underused sector in Brazil and argued that regulating casinos could support new investment in the industry. “An industry that is dormant in Brazil is tourism,” he stated.
The senator said approval of the casino bill is necessary because casino operations are already authorized in many parts of the world. He noted that Brazil and Bolivia are the only countries in South America that still do not authorize casino operations.
He also said tourism and gaming-related proposals continue to face political resistance in Brazil. “We need to leave ideology aside and think about Brazil first,” the Senator stated.
During the forum, Irajá also pointed to reforms already approved by the National Congress in recent years, including the Forest Code, labor reform, Social Security reform, and tax reform. He rejected the view that election years prevent Congress from approving important measures, saying relevant legislation can still move forward during such periods.
Alongside the casino agenda, Irajá highlighted PL 2964/2019, a bill he authored that would allow foreign investors to acquire or lease rural properties in Brazil. The proposal has already been approved by deputies and is currently being processed in the Senate.