16 Oct04 Regulation
Brazil online betting ban costs over 3,500 jobs and R$ 2.95m in supplier orders
The reported job losses and cancelled supplier orders show the ban’s immediate costs for workers and cap makers.
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The reported job losses and cancelled supplier orders show the ban’s immediate costs for workers and cap makers.
The ban has already cost two local manufacturers Carnival orders from betting operators.
Betting sponsorship income represented a substantial share of Série A clubs’ monthly player wage bills.
The suit seeks healthcare cost reimbursement and collective moral damages from betting companies representing around 80% of the market.