South America

A restructured Grupo Codere has announced that it has “fully consolidated its corporate recovery,” as the group’s financial results match or outperform its 2019 post-COVID performance. In its full-year 2022 trading update, the Spanish multinational gambling group reported corporate revenues of €1.31bn, reflecting a 68% growth on FY2021 results of €791m and an exact like-for-like match on FY2019 revenue performance. …

The International Betting Integrity Association (IBIA) has released its Q1 2023 Integrity Report, revealing 40 instances of suspicious betting activity identified by its membership, which represents nearly 50% of all commercial online betting worldwide and over $137 billion in sports betting turnover. The report highlighted the critical need for effective integrity solutions in Latin America, of importance for Brazil, and …

Playmaker Capital’s media business, Futbol Sites, has been named a media partner of Chilean women’s football tournament, the National Women’s Championship 2023. The company has also secured the position of streaming partner for professional football teams, Colo Colo and Universidad de Chile.  This will see Futbol Sites’ Chile-based media property, Redgol, now lead the partnerships and livestream productions. On the …

Prop trading firm PlayMeTech has this week expanded into igaming with the acquisition of a stake in online sportsbook and casino operator Alphabook. Launched in 2022, Alphabook has established itself as one of the fastest-growing crypto-friendly platforms, offering more than 750 sports betting markets and thousands of casino games to players around the world. Commenting on the acquisition, Group CEO …

Brazil’s government is yet to settle on the final criteria of its pending tax framework for a federal sports betting regime.  As reported by local media, Sports Minister Ana Moser has put forward the ‘economic team on sports betting’ – a proposal to increase the gross gaming revenue (GGR) tax rate from 15%-to-16%. In her proposal, Moser recommended that the …

Addressing London’s LIDE ‘Brazil Business Leaders’ Conference on 21 April, Senate President Rodrigo Pacheco underscored the fiscal importance of implementing a federal sports betting regime.  The legalisation of sports betting was branded as a key component of President Lula da Silva’s ‘revenue strategy’, which aims to raise “potentially over RL100 bn ($18 bn) in 2023”. Pacheco revealed that the Senate …

SIS (Sports Information Services) has announced that it is going to sponsor a stakes race on the Gran Premio Hipodromo Chile card that takes place on 29 April in Santiago. Rebranded to the Clasico SIS, the race is the latest in a string of sponsorships for SIS in Latin America, as the supplier aims to further underline its commitment to …

Oddin.gg has expanded the reach of its esports tournaments in Latin America and the Western Hemisphere generally, setting up a new trading hub in Peru. Based in the Peruvian capital of Lima, the team will function as an extension of Oddin.gg’s European operation, which currently consists of 50 traders covering 15 titles, including CS:GO, Dota 2, League of Legends, Call …

The Chamber of Deputies of Chile has approved a bill that will “prohibit agreements between sports clubs and betting houses”, aiming to minimise match-fixing threats and protect minors from exposure to online gambling.  The Bill will now progress to the Senate for its legislative review before being submitted to Parliament to be debated and voted on.    “The Chamber of …

Playmaker Capital has made three senior hires, two in its Latin America team and one in its US division, as it targets an enhanced presence across the Americas. Joining the group’s Buenos Aires HQ of its Futbol Sites brand are Agustín Gutiérrez Scussel and Matias Paget, taking on responsibilities as Chief Technology Officer and Head of Digital Product respectively. Scussel …