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Brazil in Talks on Gambling Legalization Amid Fiscal Crunch

Brazil's cash-strapped government is in talks with lawmakers over legalizing gambling to increase revenues as Congress balks at President Dilma Rousseff's efforts to overcome a budget deficit by raising other taxes. Rousseff's chief of staff, Aloizio Mercadante, ran the idea by lawmakers last week after they signaled the government will struggle to pass a controversial tax on financial transactions. Brazil has banned casinos since 1946 and it outlawed bingo halls in 2007...

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