South America

The Brazilian Football Confederation (CBF) is seeking to extend the Superior Court of Sports Justice (STDJ) to be expanded globally after sending a letter to FIFA. The developments comes after 15 Brazilian players have been charged for fraudulent activities since the STDJ enforcement came in, and now the CBF wants the law to be enacted to all 211 FIFA federations. The law would mean …

Raketech Plc cites confidence in achieving its full-year 2023 financial and corporate objectives, following record-breaking Q2 results.  Publishing its latest trading update, Raketech sees its media network achieve all-time high quarterly revenue of €17.6m. The revenue result reflects a 56% increase on 2022 Q2 comparatives of €11.3m. The Nordic Nasdaq media group underscored “an organic growth of 56.0%” combined with …

SBC Summit Latinoamérica is poised to deliver a comprehensive analysis of the intricate interplay between sports teams and media, viewed through the perspectives of gambling operators, sports teams representatives, betting integrity associations, betting communities and advisory firms.  The ‘Sports, Team and Media’ track will take place on Thursday, November 2nd, the second core day of Latin America’s premier iGaming and …

Catena Media has entered into content and commercial media partnership with US publisher, The Sporting News. Strengthening its position in the North American and Latin American online sports betting and casino gaming markets, the deal will see Catena Media create editorial and advertorial content as The Sports News’ exclusive betting partner. Shaun Koiner, Chief Operating Officer at The Sporting News, …

Dreams SA has informed investors that Jaime Wilhelm has resigned as Chief Executive of the Pan-South American casino group. The resignation comes as Wilhelm is announced as one of the executives to be investigated by Chile’s Competition Authority (FNE) for alleged market violations and fraud charges. Last April, the FNE intervened in the planned merger of Dreams with its main …

GAN Plc’s B2C segment proved the standout performer during Q2 this year as its B2B division suffered some setbacks, causing an overall decline in group-wide revenue. The firm explained to its NYSE investors that total revenue dropped 3% during the quarter to $34m (Q2 2022: $35m), and adjusted EBITDA also fell substantially from £1.3m in 2022 to a loss of …

International Betting Integrity Association (IBIA) has announced that global betting brand KTO has joined the group. The 2018-founded company has a strong Latin American presence, most significantly in Brazil where it has ranked in the top ten most popular igaming brands. The move fulfils the regulatory obligation in the country, under the recently published Provisional Measure, to join an international …

SBC Summit Latinoamérica will provide over 3000 delegates with the opportunity to delve into cutting-edge affiliate and advertising strategies specific to the Latin American landscape, during the Affiliates & Advertising track. The dedicated track will commence on the first day of Latin America’s premier iGaming and sports betting event on Wednesday, November 1st, and will be held at the Seminole …

Grupo Enjoy has initiated a strategic review of its business, in which the South American gambling group will consider the individual sale of its casino properties.  This week, the board of Enjoy notified Chile’s Commission of Financial Markets (CMF) that it had initiated a strategic review led by Santiago-based financial advisory ASSET Chile SA. The CMF was informed that Enjoy …

The Congress of Chile has announced that it will establish an ‘Investigative Commission‘ to evaluate existing rules on sports betting advertising and to make recommendations on which changes should be applied as the government aims to launch a regulated online gambling marketplace in 2023.  Sports Minister Jaime Pizarro will lead the initiative, which within its remit has been tasked with …