South America

South American News

Peru to lay legislative groundwork for launch of online sports betting regime

Peru will become the latest South American country to review its national gambling laws, as Congress has unanimously approved a decree project that seeks to regulate and tax an online sports betting regime. Last week, the Finance Committee unanimously approved for peer Diana Gonzales’ decree project to be reviewed by the Congress of Peru. Gonzales’ a representative of the Social …

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Nueva Codere recovery outlook bolstered by positive Q1 results

Nueva Codere has declared that it is on course to match its ‘pre-pandemic’ financial performance as the Spanish and LatAm gambling group begins to benefit from its corporate restructuring.  Trading in its new identity, following its delisting from the Madrid Bolsa and the demerger of the Codere Online unit – Nueva Codere has announced that it has achieved corporate revenues …

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Gamingtec: Stepping into the light to ‘conquer new markets’ in 2022

Having streamlined its operations as a B2B business, Gamingtec is set to target emerging opportunities in a range of international markets.  This is according to the firm’s Sales Manager and Commercial Director, Denis Wittebrood and Andrei Beu respectively, who spoke to SBC Media at ICE London 2022 last month.  Commenting on the company’s objectives for the remainder of 2022, Wittebrood …

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Dominican Republic urged to overhaul laws following lottery bank scandal 

The government of the Dominican Republic has been urged to establish a new gambling regulator, run independently from government agencies.  The proposal has been led by Ricardo Nadal, the President of The National Association of Sports Banks – who has called for a complete overhaul of the Republic’s existing gambling laws. The regulatory oversight of the gambling sector has come …

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Brazil reforms working group to implement gambling laws against a tight timetable 

Brazil’s Chamber of Deputies has reinstated a ‘working group’ to ensure that a new regulatory regime is approved to adopt and regulate new gambling laws.   Brasil Socialist Party deputy member Felipe Carrera will lead the working group, reporting developments to Senate President Rodrigo Pacheco. The group is reported to have reinitiated meetings this week to ‘untangle the path’ for Brazil’s …

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Altenar strikes deal with ‘regional heavyweight’ Vinnare in Colombia

Altenar has secured a commercial partnership in the Latin American market, supporting Vinnare Group sportsbook operations in the Colombian betting sector. The sports betting and igaming platform provider will provide its sportsbook solution to Vinnare, which it has lauded as a ‘regional heavyweight’ in Colombia, having been active in the country since 2019 and gaining a ‘valuable understanding’ of how …

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SECAP publishes desired working framework for Brazil sports betting market 

The groundwork for Brazil’s pending regulation of its federal sports betting regime has become clearer as government agency SECAP publishes a ‘draft proposal’ outlining its preferred regulatory outcomes.  Back in 2019, SECAP – Brazil’s Secretariat of Evaluation, Planning, Energy and Lottery – was placed directly in charge of finalising the legislation of Brazil’s sports betting regime, a mandate that needed …

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Genius Sports to power Betsul’s Brazilian sportsbook operations

To drive its sports betting business in the Brazilian market, online firm Betsul has partnered with Genius Sports to leverage the latter’s data, technology and broadcast solutions.  Genius will provide the Latin American operator with its suite of data-backed outsourced solutions such as PreMatch, LiveTrading and Risk, and in order to maximise turnover, margins and control, Betsul will have ‘full …

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Kindred sharpens proprietary focus to counter post-covid global realities 

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …

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