South America

South American News

Euro market adjustments see Betsson anticipate a tougher 2021 landing

Betsson AB has maintained confidence in its sports betting operations, with revenue in the sector offsetting a decline in casino, whilst also lauding its acquisitions strategy but acknowledging hurdles in the newly regulated Dutch market. Publishing its Q3 trading update, the Nasdaq Stockholm registered group reported overall revenue of SEK 1,733.3 million, representing a 3% increase on the corresponding quarter …

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Martin Lycka: Brazil is the crown jewel for Latin American industry

SBC Summit Latinoamerica

Martin Lycka, Entain’s SVP for American Regulatory Affairs and Responsible Gambling, is set to be part of the high-level speaker line-up for this month’s SBC Summit Latinoamérica conference and trade show in Miami. Ahead of the event, he talked to SBC Noticias about Entain’s operations in Latin America and the importance to international operators of local partnerships when entering newly-regulated …

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Inés Sainz to host SBC Awards Latinoamérica ceremony

Inés Sainz, Mexico’s leading sports television presenter and journalist, has been confirmed as the host of the inaugural SBC Awards Latinoamérica on October 28, 2021. The Awards recognize and celebrate excellence in the sports betting and gaming industry across Latin America, and the winners of the 22 categories will be announced at a lavish ceremony at the JW Marriott Marquis …

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Sportradar’s UFDS offer to counter suspicious sports match spike

suspicious

Sportradar Integrity Services, a division of global sports technology giant Sportradar, has detected more than 1,100 suspicious sports matches since the start of the global pandemic in April 2020, with 655 of those matches detected in the first nine months of 2021.  To mark this announcement on the scale of match fixing, Sportradar has chosen to ramp up its commitment …

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Scout Gaming links with Betano Brazil to continue international expansion

Scout Gaming has moved to strengthen its international growth strategy, striking an agreement with Kaizen Gaming’s Betano Brazil brand. The agreement will see the B2B daily fantasy sports, sportsbook and fantasy sports betting provider supply its odds product to the Betano brand, with a specific focus on the group’s Brazilian market operations. Scout aims to provide Betano players with fantasy …

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Betsson secures Peru top spot by completing $25m Inkabet takeover 

Betsson AB has completed its ‘strategically important’ acquisition of market-leading Peruvian operator Inkabet for $25 million.  This morning, the Stockholm-listed online gambling group confirmed that it had finalised all necessary requirements to acquire Inkabet’s B2C online business – bringing a close to a deal that had been brokered last August. Under the terms of the acquisition, Betsson has agreed to …

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Codere Online maintains growth momentum as SPAC IPO approaches

Codere Online has reported strong revenue trends in key global markets, after the online sports betting and igaming firm documented its second quarter performance after entering into a business combination agreement with DD3 Acquisition Corp. The online gaming subsidiary of casino operator Codere Group entered into the deal with the publicly traded special purpose acquisition company in June. The transaction, valued …

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SBC Leaders: We must not homogenise the Latin American market

Latin America is a region which has caught the attention of many looking to expand their international footprint over the last few years. But when looking at this market, betting operators must be wary of homogenising the region according to Logrand Entertainment COO Lenin Castillo. In the front-cover interview for the latest edition of SBC Leaders magazine, which is available …

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Bolsonaro veto expected for proposed Brazil gambling regulation

Brazilian President Jair Bolsonaro has revealed in an interview with Veja that he has been in touch with government officials in regards to a proposed gambling legislation but warned that he will not allow the market to be regulated, according to a report shared by BNL Data. As Bolsonaro admitted, “the measure will not count with the support of the Government …

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Playtech sees 4% revenue fall but maintains confidence in B2B success

Playtech Plc has highlighted a ‘very strong performance’ for its B2B verticals throughout the first half of 2021, achieving objectives across three continents, despite experiencing a 4% decline in revenue.  Informing stakeholders in its interim trading report and following on from its July update, the FTSE 250 gaming technology group detailed that total revenue had fallen to €457.4 million (H1 …

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