Japanese videogame giant Nintendo says it is hitting the pause button on operations in Brazil and will leave Latin America's largest market while it assesses how to deal with high import taxes. "We are pausing on Brazil while we look for a sustainable (distribution) model," financial daily Valor on Tuesday quoted Bill van Zyll, the company's general manager in Latin America, as saying. The Kyoto-based firm, producer of games such as Super Mario, blames high import duties for forcing it to shelve operations in Brazil, where its games are distributed by Gaming do Brasil, a subsidiary of Panama-based regional distributor Juegos de Video Latin America (JVLAT).
via Gaming News Headlines - Yahoo! News http://ift.tt/1C2ZRwP
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