South America

South American News

Capitalize on LATAM’s potential: SBC Summit Latinoamérica returns for its third year in Miami

Capitalize on LATAM's potential: SBC Summit Latinoamérica returns for its third year in Miami

SBC Summit Latinoamérica, Latin America’s premier iGaming and sports betting event, is poised to return to the Seminole Hard Rock Hotel & Casino in Miami from October 31 to November 2, hosting some of the most esteemed industry leaders and top-tier decision-makers with strong expertise in the region’s markets. The attendees will convene in Miami for the third consecutive year …

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CBF seeks 4% betting fee for Brazilian football rights

Brazil

CBF, the Football Confederation of Brazil, has demanded that the government guarantee a larger % share of revenues generated from a federally sanctioned sports betting regime.  The CBF has issued its formal proposal that a ‘betting regime guarantee 4% share of gross revenues to be distributed across its football leagues’. As such, the governing body of pro-football in Brazil seeks …

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Roger Redfearn-Tyrzyk: Breaking the identification barrier in the Brazilian market

SBC News Roger Redfearn-Tyrzyk: Breaking the identification barrier in the Brazilian market

Brazil, with its population of over 210 million, has a number of unique challenges when it comes to identity verification, according to Roger Redfearn-Tyrzyk, VP of Global Gaming at IDnow. Writing on LinkedIn, Redfearn-Tyrzyk asserted that the Brazilian gambling market has ‘significant potential’ and offers a wide range of opportunities. The market has been estimated to be worth over $6bn, …

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‘A huge moment’ as Altenar reaches LatAm players with Playbonds

SBC News ‘A huge moment’ as Altenar reaches LatAm players with Playbonds

Altenar has announced an agreement with operator Playbonds as the sportsbook software provider increases its LatAm market presence. The deal will see Altenar provide its sportsbook and interactive software to Playbonds, covering online with the potential to integrate Altenar’s retail channel in the future. Antonino Barra, Head of Sales at Altenar, said: “We are thrilled to expand further into LatAm’s …

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Parimatch explores Brazilian motorsports with Stock Car Pro Series

SBC News Parimatch explores Brazilian motorsports with Stock Car Pro Series

Parimatch has secured sponsorship of the Stock Car Pro Series – a touring car auto racing series based in Brazil, organised by Vicar. The two-year deal sees the Ukraine-founded, Cyprus-based betting company start its activities in Brazilian motorsport. Maksym Tsaryk, Director of Parimatch Brazil, stated: “Brazil has a remarkable tradition in world motorsport, and Stock Car has been instrumental in …

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Kambi strengthens LatAm footprint with Colombia sportsbook extension

Kambi strengthens LatAm footprint with Colombia sportsbook extension

Colombian sportsbook operator Corredor Empresarial S.A has renewed its partnership with international B2B betting solutions provider Kambi. The Stockholm-based firm will continue to provide its Corredor’s BetPlay brand, supporting its domestic operations in Colombia as well as plans for business expansion across other Latin American markets. This falls in line with both Corredor’s long-term growth strategy whilst also strengthening Kambi’s …

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Fast Track partners with leading sports betting operator Betfast.io in Brazil

Latin America. NeoGames launches in Brazil.

Customer engagement platform specialist Fast Track has signed a new deal with one of the largest operators in the Brazilian sports betting marketplace, Betfast.io.   Malta-based Fast Track’s customer engagement platform, now bolstered even further through the integration of OpenAI, offers capabilities for real-time data analysis and personalised player experiences.  This, said the firm, makes it the “perfect partner for Betfast.io …

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Codere seeks €100m to soften liquidity pressures as CEOs depart

SBC News Codere seeks €100m to soften liquidity pressures as CEOs depart

Grupo Codere has notified investors that it must raise €100m in capital as the heritage Spanish gambling firm “finds itself in a probable insolvency situation”.  Yesterday, Codere published an updated ‘reorganisation and refinancing plan’, outlining that a request for €100m liquidity financing to be added to the board’s ongoing ‘2023-to-2027 recovery programme’. Codere maintains that it has achieved the initial …

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Kambi, BetMGM and Caesars secure Puerto Rico sportsbook licences 

SBC News Kambi, BetMGM and Caesars secure Puerto Rico sportsbook licences 

Jaime Rivera Emmanuelli, the Executive Director of the Puerto Rico Gaming Commission, has confirmed the nine organisations that have been granted licences to operate sports betting facilities in the self-governed US overseas territory.  Hosting a press conference, Emmanuelli unveiled Puerto Rico’s new regulatory framework for sports betting, co-developed in partnership with the island’s Sports Betting Bureau. Sports betting in Puerto …

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BtoBet: the World Cup’s popularity shows football is still king in Colombia

SBC News BtoBet: the World Cup’s popularity shows football is still king in Colombia

The World Cup is always one of the most popular events in the sporting calendar – and in some countries this popularity is particularly evident in the number of bets placed throughout the tournament.  But does this popularity translate into betting volume, when the country in question doesn’t qualify? In Colombia, the answer is a firm yes.  Last year’s World …

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