South America

European business analysts are monitoring the movements of Bolsa Madrid gambling firm Grupo Codere SA closely, as the embattled company faces multiple obstacles in its corporate recovery. Following the publication of its Q3 2018 trading update (13 Nov) in which the company posted year-to-date net losses of €55 million, Codere has witnessed its share price collapse from €6.20 to €2.85 …

Jointly organised by the Global Lottery Monitoring System (GLMS) and the Association of Argentinian Lotteries (ALEA), a press conference involving a host of high level speakers,  this week underlined the importance of issues related to illegal sports betting regulation and sport competition manipulations in Argentina. The conference placed a specific emphasis on tennis, with Friedrich Martens from the International Olympic …

Aly Lalani, Head of Marketing at BetRegal, discusses passing the ‘tipping point’ between repair and replace and ‘biting the bullet’ by migrating to a new software partner. “In a chronically leaking boat, energy devoted to changing vessels is more productive than energy devoted to patching leaks.” I have always been a fan of that Warren Buffett saying. Not only is …

Steven Spartinos, co-founder and co-CEO of Kiron Interactive, spoke to SBC News about the technical challenges to producing virtual content, a UKGC statistic that helps to explain the virtual transition from retail to digital in the UK, the corresponding picture in emerging markets such as Africa and LatAm, and the key differences in regulation or content to consider for virtual …

Mexico’s top baseball league – Liga Mexicana de Beisbol (LMB) has moved to strengthen its all-around integrity capacities incorporating Genius Sports’ data systems and technology infrastructures. The partnership will see Genius Sports’ ‘Bet Monitoring System’ review in real-time all LMB related betting odds and markets. Confirming Genius Sports as Integrity lead, Javier Salinas, President of LMB stated that the Mexican …

The Senate for Buenos Aires, Argentina’s largest province is reported to be reviewing legalising online gambling activities. The first set of proposals attached to Buenos Aires 2019 Budget has been put forward by BA Governor Maria Eugenia Vidal, seeking to revamp the province’s legislative gambling framework. Argentine news sources report that BA’s governing Argentina PRO party (centrist-right) seeks to issue …

Aly Lalani, Head of Marketing at BetRegal.com, reflects on his company’s Betting on Sports debut, sharing expertise to the tune of a ‘Latin Beat’ and finding folks with a focus on “getting things done”. It’s now been almost a month since the Betting on Sports conference took place in London, and I thought it would be a good time to …

Spanish gambling firm Grupo CIRSA has overcome all-round LATAM currency woes to post a successful Q2 2018 trading update, as the company continues its expansion plan under the ownership of Blackstone Capital. Publishing its latest corporate update, CIRSA governance reports a 3% increase in group revenues to €358 million for Q2 2018. Despite recording circa €3 million in negative LATAM …

BNDES – Brazil’s National Bank for Social Development has scheduled a new auction for the sale of state-owned instant games (scratch & win) operator Loteria Instantânea Exclusiva (LOTEX) to be held on 29 November 2018. The tender of LOTEX was first announced on August 2017, with the Brazilian Finance Ministry targeting a BRL 4 billion (€1.2 billion) for its complete divestment …

BtoBet, the specialist betting platform provider for developing markets, has announced that it has expanded its South American footprint by securing the lead technology partnership arrangement with Royal Betting Solutions – RBS Colombia. The partnership will see BtoBet become the lead digital platform and systems provider for Royal Betting Solutions ‘Apuestalo.co’ property, the 12th online gambling enterprise to secure a …