South America

Brazil allows for gambling debate but national framework still faces long road

The Brazilian off and on approach to regulating gambling appears to be on again after a special review committee for the Brazilian Senate progressed the legislative agenda for a regulated national betting industry. The idea of regulating gambling in a country that banned bingo reletively recently in 2007 was mooted earlier this year as the government faced a fiscal crunch. …

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CIRSA continues strong 2015 momentum with Spain & Latin America expansions

Spanish gambling operator Grupo CIRSA has continued its strong 2015 momentum, reporting profits up 16% to €280 million for its year to date performance (period ending 30 September). The Barcelona based operator would record a 19.5% revenue uplift to £1.2 billion driven by sufficient expansion in its Latin American markets notably Costa Rica and Peru. To date, the operator maintained …

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Scott Longley – BRIC’s decay impacts regulatory debate

With the cash strapped governments of the once mighty BRIC nations, seeking to implement new economic policies to boost their dwindling funds. Scott Longley examines how the current BRIC downturn will impact betting’s regulatory debate and progress amongst emerging economies  _______________________ Like a worried bunch of Chicken Little’s, the economic commentaries have been busily scaring the world’s markets with the doleful …

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PMU enters Brazil venture with Jockey Club Brasileiro

French race track operator Pari Mutuel Urbain (PMU) has entered the South American racing market by announcing a joint venture with Jockey Club Brasileiro (JCB). The venture will bring to life new subsidiary PMU Brasil. PMU governance stated that its partnership with JCB, would aim to modernise Brazil track racing. PMU management systems will be utilised to operate wagering and monitoring …

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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 …

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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. …

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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 …

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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 …

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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 …

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Summer Lovin – SBC’s 2015 summer football guide…

There may not be a football World Cup in 2015 but SBC’s Sam Cooke highlights the summer months best international football tournaments and odds to keep you busy! The Premier League’s over until September, and with only a final or two to sustain us for now, the end is nigh,and the post-season blues will be setting in all too soon. …

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