South America

SECAP resignation casts doubts on Brazilian betting progress

The progress of Brazil’s planned federal sports betting framework has been cast into doubt following the resignation of Alexander Manoel, Secretary of SECAP – Brazil’s public policy and planning agency for Energy & Lotteries. This week, Brazilian industry news source Games Magazine reported that Manoel had chosen to resign as leader of SECAP, the department tasked with developing the legislative …

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NSoft business team grows by more than 200% in 2019

NSoft

The entire business team for NSoft grew by more than 200% in 2019, after the sports betting software provider made international growth one of its investment priorities for the year. The company’s presence steadily increased in accordance with this international growth action plan. NSoft now has offices in Croatia, SAR, Costa Rica and Singapore, besides the company’s HQ in Mostar …

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Sportito gets green light to expand into Mexico

Daily fantasy sports (DFS) platform Sportito is set to offer its users access to live stats, head to head contests and real time scoring after launching its digital platform in Mexico in conjunction with the kick off to the Liga MX. The launch is hoped to deliver an elevated gaming experience across a number of sports in a market which …

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SEGOB Mexico appoints Cota Montaño as new ‘gambling general’

Olga Sanchez Cordero, Secretary of Governance of Mexico (SEGOB), has disclosed that Leonel Cota Montaño has been appointed as the Secretary-General of gambling supervisory department ‘Dirección General de Juegos y Sorteos’ (Games & Lotteries Mexico). A Labour Party (PT) political veteran, Cota Montaño is the former governor of the state of Baja California Sur (1999-2005) and will take leadership of …

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Codere secures €36m credit line to fund Mexican outlook

A filing placed with Spain’s CNMV capital markets commission has revealed that Codere SA has secured terms on two corporate credit lines, obtaining approximately €36 million in working capital to help the Bolsa Madrid gambling group maintain its Mexico and Uruguay business subsidiaries. The transaction sees Codere governance expand the volume of its existing €90 million revolving credit facility, of …

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SBC’s Year In Review: July’s big betting news

As 2019 comes to a close SBC looks through the year to highlight major news that you might have missed in the sports betting world.  This seventh edition looks at July and more specifically at the Kenyan market, the product journey of BetBlocker, Brazil’s sports betting potential and Regulus Partners’ review of UK betting consequences. Winning Post – Kenya bringing …

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SBC’s Year In Review: April 2019’s big betting news

As 2019 comes to a close SBC looks through the year to highlight major news that you might have missed in the sports betting world. This fourth edition looks at April and more specifically at horseracing’s shortcomings, Sportradar’s Brazilian preparation, how gambling companies can do more than just support a club’s performance on the pitch and the challenges faced in …

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Martin Lycka: My letter to Gambling Santa

In the latest of a series of columns on international gambling legislation, GVC Holdings Director of Regulatory Affairs Martin Lycka pens a letter to the Santa of Gambling and hopes that, for a change. the industry is on the ‘good’ list.  Dear Gambling Santa, My name is Martin and I am probably a little too old to write to you. …

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Stanislav Silin, Altenar: Defying regulatory challenges to hit 2019 high notes

Altenar

Stanislav Silin, CEO at Altenar, reflects on a successful year for the sportsbook software provider, which saw it obtain key licences with the Malta Gaming Authority (MGA) and UK Gambling Commission (UKGC), and defy challenging conditions in both Italy and Sweden to launch four regulated customers across the two markets. SBC: What are the key highlights for Altenar from 2019? …

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Bolivian Interim government names new Gaming Control general

Further South American gambling regulatory developments see Bolivia’s interim government confirm the appointment of Juan Carlos Antonio Abrego as the new Director General of Bolivia’s Gaming Control Authority (AJ Bolivia). Abrego’s appointment was confirmed by acting Bolivian Economic Minister Jose Luis Parada, hosting an official inauguration at AJ Bolivia offices in La Paz. Minister Parada underlined that Abrego’s appointment would …

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