South America

Brazil’s government faces growing demands to explain why it will apply the highest operating tax charge to its pending federal sports betting marketplace The demand for an explanation comes as Congress begins its 120-day review of ‘provisional measure No-1182’ signed by President Lula da Silva on 25 July. Entering a critical juncture for the passage of Brazil’s long-mooted sports betting …

International Game Technology’s (IGT) Global Gaming and PlayDigital divisions have driven an impressive quarter for the company, prompting a readjustment of its full year trading projections. The London-based igaming, iLottery and betting solutions developer informed its NYSE investors that total group income for Q2 2023 had risen 3% to $1.06bn (Q2 2022: $1.02bn). This was driven largely by an increase …

The Brazilian Institute of Responsible Gaming (IBJR) has harshly criticised the tax proposals of the nation’s upcoming regulatory framework for sports betting. Signed off by President Lula da Silva earlier this week, ‘provisional measure No-1182’ has set out provisions for a nationally regulated betting market. This includes an increase in tax on licenced operators of 18%, prompting a negative response …

3,000 delegates are set to convene at this year’s SBC Summit Latinoamérica, to witness influential thought leaders share their insights on the key talking points affecting the Latin American region, during the ‘Leaders’ conference track.  The conference track will take place during the first day of Latin America’s premier iGaming and sports betting event, Wednesday, November 1st, and will be …

Brazil sees further positive developments on its journey to launch a federal sports betting market,  as President Lula da Silva formally signs off on the ‘provisional measure No-1182’.  Lula’s signature sees the PT (Workers Party) government throw its full weight into legislating a sports betting market in Brazil, to be launched within the coming months. Starting this week, Congress will …

Codere SA has made its latest senior hire, appointing Sonia Carabante as Corporate Director of Commercial Strategy and Business Projects. Carabante will report directly to Group CEO Gonzaga Higuero, and has been tasked with executing commercial and efficiency strategy projects while driving group growth. Other areas of focus include transformation as Codere continues to consolidate its international position, as well …

Betsson AB CEO Pontus Lindwall insists that the global gaming group has ‘not shut the door’ on the Netherlands despite withdrawing its licence application there. The CEO addressed investors in a conference call this morning, alongside Chief Financial Officer, Martin Öhman, providing updates on cross-market developments and investments following the announcement of ‘all-time high’ revenues in H1 2023. Mapping Europe …

More than 3000 delegates will gather at SBC Summit Latinoamérica to engage in discussions about the most current regional sports betting trends, innovative products, services, and technologies. The dedicated ‘Sports Betting Product‘ conference track, scheduled to commence on Wednesday, November 1st, will mark the opening of Latin America’s premier iGaming and sports betting event, taking place at the Seminole Hard …

Eyas Gaming has stepped up preparations for the upcoming launch of its Lance! sportsbook betting brand in the yet-to-be-regulated Brazilian market, partnering with ID verification firm Caf. Based in Sao Paulo, Caf will provide Eyas with local knowledge of regulations and market conditions before and after Lance!’s planned entry to market, whilst also checking the identity of Brazilian bettors to …