South America

Buenos Aires approves Vidal gambling decree with altered tax framework

The executive of Buenos Aires has signed into law the mandate of the ‘2019 Budget Law’, which revamps BA’s gambling framework, introducing Argentina’s first online gambling legislative code, operating within the province of Buenos Aires. Last December, BA districts approved Decree 181 of the 2019 Budget Law, allowing for seven BA online gambling licenses to be granted, servicing sports betting, …

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BNDES issues fourth postponement of LOTEX Brazil sale

BNDES – Brazil’s national development bank has sanctioned its fourth postponement of the sale of state-owned instant win (scratch card) operator LOTEX. Last week, an under pressure BNDES issued a corporate communication informing the media and stakeholders that its scheduled Tuesday 26 March auction of LOTEX enterprise had been cancelled. In its update, BNDES governance informs that the LOTEX auction …

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Argentine football demands that Macri & Vidal tango on BA gambling reforms

Political rifts are developing in Buenos Aires, as Argentina’s biggest football clubs and the governance of the Superliga and Argentine FA (AFA) demand that football is rewarded in the upcoming reform of BA’s gambling laws. Argentine Superliga and AFA officials have demanded that President Mauricio Macri (Argentina PRO), leader of the Cambiemos governing coalition, move to suspend the Buenos Aires …

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BtoBet expands Mexican profile through Logrand-Ainsworth’s ‘Mustang Money’ launch

Industry-tailored platform supplier BtoBet has become a beneficiary of the Logrand Entertainment Mexico and Ainsworth Technology LATAM strategic partnership. Expanding its existing relationship, Logrand and Ainsworth will launch new Mexican online gambling property – ‘Mustang Money’ – powered by BtoBet’s next generation Neuron Gaming platform. Moving to enhance its digital profile last November, Logrand announced the launch of its first …

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Morena Mexico propositions returning gambling back to the government

Ministers of Mexico’s ‘Movimiento Regeneración Nacional (Morena)’ social democratic party have pushed forward a proposition mandate, seeking to revamp Mexican gambling laws. Morena forms part of Mexico’s social reform coalition government, sharing its legislative agenda with the PT Labour Party. Issuing a public communique, Morena has propositioned that Mexican gambling laws be withdrawn from state assemblies, with full regulatory authority transferred …

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Codere backs business plan despite 2018 dramas

Embattled Bolsa Madrid gambling firm Grupo Codere SA closes its full-year 2018 accounts reporting group-wide losses of €40 million, primarily attributed to significant Argentine market adjustments. Reported throughout 2018, Codere has been forced to navigate the +100% collapse of the Argentine Peso against the Euro, with the gambling group detailing FX losses of circa €34 million. In its Argentina market …

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Legislation submitted to authorise 32 casino licences across Brazil

Brazilian democrat, Paulo Azi, has submitted a bill that calls for the authorisation of 32 casino licenses across the country as reported by Games Magazine Brazil. If passed, the bill would approve the opening of resort hotels with attached casinos in Brazil. As part of the proposal, the government would receive 10 per cent of the gross revenues generated by …

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Scout Gaming enters Brazil through Jogajà deal

Sportradar - Copyright: believeinme33 / 123RF Stock Photo

Scout Gaming has entered the Brazilian market after signing a deal to provide start-up operator Jogajà with its full fantasy sports platform. Jogajà, whose Scout Gaming-powered platform is expected to launch during the first half of 2019, is backed by Swedish venture capitalists with experience of working in Brazil. The product range will be boosted by the inclusion of local …

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BtoBet to bring ‘glocal’ approach to Wildar Gaming partnership

H5G

SBC Americas Editor Chris Murphy was in attendance as BtoBet officially launched its regional partnership with Wildar Gaming for Latin America (LatAm). BtoBet CEO Alessandro Fried shared his vision with journalists at the invite-only ICE press conference about both the ‘uberization of the igaming industry’ and the ‘importance of being glocal’. He defined ‘glocal’ as being present at a global …

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Post-PASPA Kambi navigates the changing regulatory landscape

Kambi

Last year, Kambi, together with its partner DraftKings, secured the first transactional waiver which enabled the operator to accept the “first legal online bet in a post-PASPA world”. Fast-forward six months, and Kambi Chief Legal Officer Chris Fox has shared his thoughts (see video above) on an “exciting time” in which the company has strengthened its processes and technology to …

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