South America

South American News

Puerto Rico’s gambling agenda picks up pace as Tourism Board executive resigns

SBC News Puerto Rico's gambling agenda picks up pace as Tourism Board executive resigns

Developments of Puerto Rico’s gambling regulatory overhaul appear to be gathering pace, as Tourism Board executive Jaime Alex Irizarry confirms to local media that he has departed the agency. Irizarry had served as Gambling Director under the jurisdiction of Puerto Rico’s Tourism Board, co-sharing governance responsibility with Puerto Rico’s Equestrian Sports Society. This March, Puerto Rico Governor Wanda Vázquez Garced regained …

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NSoft or strict rules: Outcome-based vs prescriptive regulation

NSoft

Zlatan Omerspahic, Head of Legal and Compliance at NSoft, delivers a regulatory overview of the gambling industry, including key learning points from 2019 and what to expect in 2020. It is very difficult to find an industry that is changing as fast as the gambling industry, due to all the technological changes. Also, the existence of generally strict rules provides …

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Andre Gelfi – Suaposta strengthened by Betsson’s Brazilian intent

SBC News Andre Gelfi - Suaposta strengthened by Betsson's Brazilian intent

Andre Gelfi, CEO of Brazilian racebook Suaposta, has backed Betsson AB’s early mover advancements, despite facing significant unknowns related to Brazil’s future sports betting make-up. Closing 2019, a refinanced Betsson sanctioned the purchase of a 75% stake in Suaposta, Gelfi’s online racebook licensed by Brazil’s Ministry Agriculture and Livestock in partnership with Porto Alegre’s heritage  ‘Rio Grande do Sul Jockey …

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Wanda demands overhaul of Puerto Rico’s gambling frameworks

SBC News Wanda demands overhaul of Puerto Rico's gambling frameworks

Wanda Vázquez Garced, Governor of Puerto Rico, is seeking an overhaul of the Caribbean island’s gambling laws to revive its economy and tourism following the severe damage of back-to-back hurricanes Irma and Maria in 2017. Last week, Vázquez personally recommended the appointments of advisors Professor José Balasquide-Córdova and Cristóbal Méndez to lead the development of Puerto Rico’s ‘Games Commission’. Writing to …

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Brazil sends football envoy to learn Spanish betting safeguards

SBC News Brazil sends football envoy to learn Spanish betting safeguards

A special delegation of Brazilian politicians and football executives will travel to Spain next week to research the country’s legislative frameworks governing sports betting. The envoy will be led by Rodrigo Maia, President of Brazil’s Chamber of Duties, and Reinaldo Carneiro Bastos, President of the São Paulo Football Federation. During the visit, Brazilian executives will research Spanish football’s safeguards related …

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BA regulators approve online licensing criteria

SBC News BA regulators approve online licensing criteria

Outlining plans to launch its online gambling market in Q4 2020, legislators in Buenos Aires have given the green light for new regulations which would set the criteria for online gambling licensees. BA city gambling regulator, the Loteria de la Ciudad (LOTBA), has suggested that sports betting, slots, lottery and casino table games could be made available across the city …

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Conajzar Paraguay sanctions national lottery tender

SBC News Conajzar Paraguay sanctions national lottery tender

José Antonio Ortiz Báez, President of Conajzar Paraguay’s ‘National Gambling Commission’, has disclosed that four companies are vying to become the new operating company of the ‘Paraguay Quiniela’ (National Lottery). Ortiz Báez disclosed that tender competition documents had been accepted by national competitors Paraguay TDP, Consorcio B Gaming and Daruma SA, joined by ‘IGT Foreign Holdings’ as the only international …

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ICE 2020 Launch: How BtoBet’s Neuron 3 will allow operators to build their own UX

Neuron 3

Neuron 3 will give medium to large sized betting and gaming operators the ability to do what is best for their businesses through the “freedom to build a unique UX”. That’s according to Alessandro Fried, CEO at Btobet – the platform provider or “technical partner” which chose this week’s ICE London to officially launch the product. He said that it’s …

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Colombian Gambling tax efficiencies back Coljuegos market strategy

SBC News Colombian Gambling tax efficiencies back Coljuegos market strategy

Publishing its 2019 statement, Colombia’s national gambling regulator Coljuegos has revealed that industry tax revenues totalled COL$ 680 million (€185,000), with funds set to be distributed to Colombia’s national health services. The Colombian regulator’s 2019 figure represents a 16% increase on the COL$574 million (€151,000) of gambling tax revenues collected during 2018. A breakdown of figures saw ‘local’ gambling halls …

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