South America

South American News

Codere sanctions Credit Suisse to lead its Mexican charge

SBC News Codere sanctions Credit Suisse to lead its Mexican charge

Spanish business news source El Confidencial reports that the governance of Grupo Codere SA has sanctioned investment bank Credit Suisse to lead its corporate refinancing, as the Bolsa Madrid gambling group reviews its South American options. The Swiss multinational bank is reported to have been given a two-fold mandate by Codere governance, being ordered to raise capital for new expansion …

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Codere seeks to end Sampedro drama at ‘critical AGM’

SBC News Codere seeks to end Sampedro drama at 'critical AGM'

Bolsa Madrid gambling firm Grupo Codere SA is set to host a ‘critical showdown’ at its annual general meeting set for Monday 26 July, as corporate stakeholders seek to settle the governance dispute between US debt holders and the enterprise founding Martínez Sampedro family. Spanish business news sources report, that Codere investors will seek to remove Martínez Sampedro board representatives’ …

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Crowded field pitches up for BA online gambling tender

SBC News Crowded field pitches up for BA online gambling tender

As anticipated the upcoming Buenos Aires online gambling tender will see a raft of international gambling operators’ partner with Argentine enterprises seeking to secure one of seven IPLyC licenses.  Setting a 25 June deadline for final applications, this May, BA’s regulatory gambling body IPLyC published its ‘official criteria for competition’, outlining key venture requirements to compete for BA-7 licenses. Though …

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Brazil calls for a rethink on LOTEX’s future

SBC News Brazil calls for a rethink on LOTEX's future

The government of Brazil is reported to be ‘assessing its options’ with regards to the sale of state-owned Instant Win (Scratch Card) operator LOTEX – following six straight tender postponements. A reported ‘lack of interest’, would see BNDES, Brazil’s National Development Bank twice suspend this May’s planned tender procedure. BNDES, the agency charged with selling LOTEX, has come under fire …

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Codere pushes for Colombian appeal with Carlos Valderrama

SBC News Codere pushes for Colombian appeal with Carlos Valderrama

Bolsa Madrid gambling group Codere SA has launched its first specific Codere Apuestas Colombian multi-media marketing campaign – ‘Acepta el Reto’ (‘Take the Challenge’) featuring Colombian football legend Carlos Valderrama. The exclusive Colombian marketing campaign has been developed by Barcelona based advertising agency Manfiesto, with the aim of promoting Codere Apuestas Colombian sportsbook property to the wider general public. Codere …

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IPLyC lays out criteria for Buenos Aires licensing

SBC News IPLyC lays out criteria for Buenos Aires licensing

The Argentine Provinces Board for Lotteries and Casinos (IPLyC), the organisation charged with regulating and monitoring Buenos Aires’ soon to be regulated online gambling marketplace, has published its ‘criteria for competition’ related to securing one-of-seven BA licenses. The board confirms that it has set a deadline of Tuesday 25 June 2019 for competing parties to submit official BA tenders, with IPLyC …

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Unique gaming solution to drive “significant global expansion” for Finunion

Finunion

Finunion has targeted market share in Europe, Asia, LatAm and Africa after the successful deployment of its proprietary software for the Finbet brand. Founded in 2015, the company is ready to take its unique gaming solution to markets across the globe. It already provides a turnkey solution for both Finbet.kz – a multichannel brand for the Kazakhstan market – and …

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Askott announces esports-first platform extension

Askott - Copyright: lculig / 123RF Stock Photo

Operators setting up an esports-first gambling brand can get to market quickly through the new Chameleon platform from Askott Entertainment. By default, the B2B iGaming platform provides fixed odds betting on both esports and sports, pool betting on esports, fantasy esports and proprietary casino games. Chameleon 1.0 is currently only licensed in Curacao, but is in the process of adding …

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Argentine players seek international tie-ups to secure BA-7 licenses

SBC News Argentine players seek international tie-ups to secure BA-7 licenses

Argentine news reports of a ‘diverse cast’ of national and international operators vying to secure one of seven Buenos Aires province online gambling licenses. On Monday, the Buenos Aires executive closed its ‘window of submissions’ for operators seeking to join BA’s regulated online gambling marketplace. Argentina’s first legislative code for online gambling was approved last April, as BA districts sanctioned the …

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