Brazil President Jair Bolsonaro has signed off on an initiative that’s geared towards attracting private investments to grow the country’s tourism sector. That bodes well for advocates who believe casinos and integrated resorts could greatly benefit South America’s largest nation.
On May 14, Bolsonaro and Economy Minister Paulo Guedes gave their blessings to adding tourism to the country’s Investment Partnerships Program (IPP). The IPP was created in 2016 under Brazilian Federal Law. The scheme is designed to coordinate and successfully deliver concessions to private companies making large investments in the republic.
