South America

What does it take for a sportsbook operator to succeed in the dynamic and diverse markets of Latin America? Drawing on insights from current market leaders, overarching trends, and extensive experience on the operator side of the business, the answer, according to GR8 Tech’s Senior Business Development Manager Thomas Carvalhaes, centres around one pivotal element: localisation. In a region as …

eCogra has been certified as a ‘technical assurance’ agency by the Secretariat of Betting and Prizes (SPA), the supervisory authority of Brazil’s imminent Bets market. Ordinance 588 published by the SPA declares eCogra as a certified laboratory to carry out technical assessments of betting systems, platforms, gaming studios, and lottery terminals for the Bets market. Founded in 2003, eCogra provides …

The board of Enjoy SA has revealed that it is examining ‘three unique offers’ to sell its South American casino resorts and properties. The disclosure was made to Chile’s Financial Markets Commission (CMF) as Enjoy remains under regulatory scrutiny due to financial solvency issues impacting its creditor demands. The CMF was informed that ‘deals remain non-binding’. However, Enjoy was in …

After a lengthy off-season spanning the entirety of Q1, the Brazil Serie A campaign finally got underway at the weekend. One of Latin America’s most-watched leagues, Serie A will captivate a nation which is hooked on football and celebrates the sport as a cultural cornerstone rather than a hobby or pastime.  The 2024 season will throw up several intriguing storylines. …

The Ministry of Finance of Brazil has outlined plans and a timetable to establish the regulatory policy of the Prizes and Betting Secretariat (SPA), the government agency that will serve as the regulatory authority of the betting market. Latest developments to progress the launch of the betting market, establishing a federal sports betting and online gambling marketplace in Brazil, saw …

The Senate of Brazil is scheduled to debate and vote on whether to ban celebrities, athletes, and social media influencers from promoting gambling and betting services. This afternoon, the Sports Commission of the Senate will review the modalities of Bill (PL) 3.405/2023 put forward by Federal Deputy Ricardo Ayres, a member of the Republicanos Party (RP). The Bill calls for …

Betano is set to replace Assaí as the title sponsor of Campeonato Brasileiro Série A in a three-year deal. According to reports, the Confederation of Brazilian Football (CBF) will receive around 80 million Brazilian reais (£12.5m) per season. Assai’s last contract with Serie A was renewed at about $10m per season. The Kaizen Gaming-owned operator already holds the naming rights …

Betsson is set to appear on the front of the new Boca Juniors shirt, with the launch commemorating the club’s 119th anniversary.  The blue and gold kit will make its first appearance this weekend in the game against Newell’s Old Boys. Jesper Svensson, CEO of Betsson Group, said that “some paths are always destined to be crossed” in the official …

Intralot SPA has achieved its corporate objective of reducing its gross debt below €500m, despite witnessing a slowdown in its B2C performance. Publishing its full-year 2023 accounts, the Athens-listed gambling and lottery technology group reported revenues of €364m, a 7.3% decline from FY2022 results of €398m. The decline in headline revenues is attributed to the discontinuation of its Malta Lottery …

EveryMatrix has received regulatory accreditation from Peru’s Ministry of Foreign Trade & Tourism (Mincetur). This falls in line with the igaming technology provider’s goal to deliver compliant solutions within regulated and emerging markets. EveryMatrix is one of the first to be accredited in the country, enabling its customers to gain early market share. Bobby Longhurst, Group Chief Commercial Officer at …