South America

South American News

Codere appoints PKF Attest to audit 2023 accounts

SBC News Codere appoints PKF Attest to audit 2023 accounts

Grupo Codere SA has appointed PKF Attest to serve as the principal auditor of the gambling group in the Spanish and South American markets. The Spanish unit of PKF Attest will replace EY, which in 2023 severed ties with Codere, ending its seven-year tenure as an independent auditor, having overseen audits on consecutive debt refinances needed to maintain Codere’s embattled …

Read More »

Lula signs Brazil Sports Betting Bill into federal law

SBC News Lula signs Brazil Sports Betting Bill into federal law

President Luiz Inácio ‘Lula’ da Silva has signed Bill PL3626/23 into law, which will establish the regulatory framework for Brazil to launch its federal sports betting marketplace. Authorised by Lula on Saturday, December 30, the president’s endorsement completes the legislative process, steering clear of the 2022 impasse when former President Jair Bolsonaro withheld federal sign-off of sports betting. The Workers’ …

Read More »

Novibet focused on international growth strategy

Novibet CEO George Athanasopoulos

There are few industry challenges that Novibet CEO George Athanasopoulos has not faced in the last two years, he told Issue 28 of SBC Leaders magazine, but the business remains on a significant growth path as it expands into new markets far away from its European base.  ——————————————————- Anyone at the head of an ambitious business can expect to be …

Read More »

IBIA to hit ground running on sports integrity post-Brazil market launch

SBC News IBIA to hit ground running on sports integrity post-Brazil market launch

The International Betting Integrity Association (IBIA) has welcomed the adoption of the sports betting law by the Brazilian Chamber of Deputies.  Having been approved by legislators and now awaiting signature from President Lula da Silva, the law introduces an effective regulatory and licensing system for operators in the country for both sports betting and online casinos. This also includes a …

Read More »

VBET named European betting partner of Argentina National Team

SBC News VBET named European betting partner of Argentina National Team

VBET has formed a regional partnership with Argentina National Team through a deal with the Argentina Football Association (AFA). Extending across marketing and branding initiatives, the pair have outlined how the three-year alliance is poised to ‘redefine the sports and betting landscape’, as well as ‘usher in a new era of unparalleled engagement’. Aragats Asatryan, VBET CEO, said: “This partnership …

Read More »

Brazil Deputies reauthorise casino modalities for Lula’s final sign-off  

Brazil’s IBGR lambasts Lula administration’s betting tax ‘burden’

Brazil will launch a federal sports betting marketplace, which will include modalities to regulate online casino games. Yesterday, the final session of the Chamber of Deputies approved Bill PL3626/23 to be sent for its federal sign-off from President Lula da Silva.  Bill PL3626/23 was returned to the Chamber of Deputies on 13 December following an inconclusive review by the Senate, …

Read More »

Player financial risk checks a major worry for gaming operators, survey finds

Challenges in Compliance Survey

Obtaining the required personal financial information is the greatest barrier licensed betting & gaming operators face when onboarding players and the industry fears that mandatory affordability checks will make the situation worse, a new SBC study, commissioned by IDnow, has concluded. The finding emerged as part of the SBC Media Challenges in Compliance Survey, which saw senior compliance representatives from …

Read More »

Chile’s Senate to review incomplete Federal Gambling Bill

SBC News Chile's Senate to review incomplete Federal Gambling Bill

The Senate of Chile will review the text and framework of a new Federal Gambling Bill (035/2022), aimed at overhauling the Andean nation’s longstanding gambling laws. Despite unresolved conflicts, this week Chile’s Chamber of Deputies approved the draft legislation by a majority of 97 votes in favor and 28 against. The Bill will thus be presented to the Senate for …

Read More »