South America

South American News

Brazil rethinks gambling agenda as recession looms

SBC News Brazil rethinks gambling agenda as recession looms

A month after stalling the progress of its review on regulated fixed-odds sports betting (Legislation – 671-2015), it appears that Brazilian lawmakers and congress are prepared to push for a nationwide gambling regulatory framework. Faced with the nation’s worst economic recession in 25 years, Brazil’s central bank last week forecasted that its economy will shrink by 2.5-2.7%. The cash strapped …

Read More »

FML Group takes on BetConstruct portfolio

SBC News FML Group takes on BetConstruct portfolio

Industry supplier BetConstruct has announced a new partner agreement in the Caribbean region. The FML Group was founded in 1999 and is one of the largest gaming companies in the Bahamas with operations also in the Turks & Caicos, Haiti, St. Maarten and Bermuda. BetConstruct has agreed to provide the FML Group with Sportsbook, Virtual Sports, Skill Games and Poker. …

Read More »

Brazil expects delays as Dilma stalls betting legislation

SBC News Brazil expects delays as Dilma stalls betting legislation

Brazilian President Dilma Rousseff has stalled the progress of Legislation 671-2015 for the provisions of regulated fixed odds sports betting, citing that law makers needed more time to review its framework and context. Presented to President Dilma for sanctioned sign off at the start of July, the legislation had been approved for progress by Brazil’s Senate. The legislation would look …

Read More »

Brazil approves draft legislation for licensed sports betting

SBC News Brazil approves draft legislation for licensed sports betting

Brazil’s Senate has progressed draft legislation 671-2015 which will look to introduce regulatory provisions and a national framework for fixed odds sports betting. Current Brazilian gambling legislation allows for wagering on land based lottery, bingo and licensed horse racing events. Brazilian media sources have commented that the draft legislation was progressed due to the Senate’s raising concerns regarding the popularity …

Read More »

My Club Betting secures Copa America broadcast sponsorship

SBC News My Club Betting secures Copa America broadcast sponsorship

My Club Betting has teamed up with Premier Sports to become the Official Broadcast Sponsors for the South American Copa América football championships. Premier Sports will broadcast  26 matches live tto UK viewers. The games will be shown on SKY channel 428, Virgin 551, TalkTalk 526 and in HD via the Premier Player online. MyClubBetting.com/Copa is your first stop for a superb array of …

Read More »

EIG heading back to Berlin

SBC News EIG heading back to Berlin

Clarion Events has announced that EiG (Excellence in iGaming) will return to Berlin in October, with mergers, acquisitions and consolidation set to be high up on the agenda. EiG 2015, which will run from October 20-22 at Arena Berlin, will serve as a platform for debate surrounding the evolving iGaming sector, with the confirmation this week of multiple bids for …

Read More »

CIRSA secures new €500 million bond

SBC News CIRSA secures new €500 million bond

Spanish gambling operator Grupo CIRSA has completed a bond issue worth €500 million over an extended eight year period (2023). CIRSA governance confirmed that its new bond issue and restructure was led by Deutsche Bank, who have raised the bond capital from European and American investment funds. With CIRSA gaining approval on its new bond issuance, the company will cancel …

Read More »

Neymar Jnr joins team PokerStars

SBC News Neymar Jnr joins team PokerStars

Amaya Gaming poker subsidiary PokerStars has confirmed Barcelona FC and Brazil international football star Neymar Jnr as its new poker ambassador. The popular football star will promote PokerStars Academy., as the operator looks to extend its coverage and presence in the Latin and South American poker markets “Neymar Jr is one of the brightest stars in the sporting world and PokerStars …

Read More »