South America

South American News

SEGOB Mexico appoints Cota Montaño as new ‘gambling general’

SBC News SEGOB Mexico appoints Cota Montaño as new 'gambling general'

Olga Sanchez Cordero, Secretary of Governance of Mexico (SEGOB), has disclosed that Leonel Cota Montaño has been appointed as the Secretary-General of gambling supervisory department ‘Dirección General de Juegos y Sorteos’ (Games & Lotteries Mexico). A Labour Party (PT) political veteran, Cota Montaño is the former governor of the state of Baja California Sur (1999-2005) and will take leadership of …

Read More »

Codere secures €36m credit line to fund Mexican outlook

SBC News Codere secures €36m credit line to fund Mexican outlook

A filing placed with Spain’s CNMV capital markets commission has revealed that Codere SA has secured terms on two corporate credit lines, obtaining approximately €36 million in working capital to help the Bolsa Madrid gambling group maintain its Mexico and Uruguay business subsidiaries. The transaction sees Codere governance expand the volume of its existing €90 million revolving credit facility, of …

Read More »

SBC’s Year In Review: July’s big betting news

SBC News SBC’s Year In Review: July's big betting news

As 2019 comes to a close SBC looks through the year to highlight major news that you might have missed in the sports betting world.  This seventh edition looks at July and more specifically at the Kenyan market, the product journey of BetBlocker, Brazil’s sports betting potential and Regulus Partners’ review of UK betting consequences. Winning Post – Kenya bringing …

Read More »

SBC’s Year In Review: April 2019’s big betting news

SBC News SBC’s Year In Review: April 2019's big betting news

As 2019 comes to a close SBC looks through the year to highlight major news that you might have missed in the sports betting world. This fourth edition looks at April and more specifically at horseracing’s shortcomings, Sportradar’s Brazilian preparation, how gambling companies can do more than just support a club’s performance on the pitch and the challenges faced in …

Read More »

Stanislav Silin, Altenar: Defying regulatory challenges to hit 2019 high notes

Altenar

Stanislav Silin, CEO at Altenar, reflects on a successful year for the sportsbook software provider, which saw it obtain key licences with the Malta Gaming Authority (MGA) and UK Gambling Commission (UKGC), and defy challenging conditions in both Italy and Sweden to launch four regulated customers across the two markets. SBC: What are the key highlights for Altenar from 2019? …

Read More »

Bolivian Interim government names new Gaming Control general

SBC News Bolivian Interim government names new Gaming Control general

Further South American gambling regulatory developments see Bolivia’s interim government confirm the appointment of Juan Carlos Antonio Abrego as the new Director General of Bolivia’s Gaming Control Authority (AJ Bolivia). Abrego’s appointment was confirmed by acting Bolivian Economic Minister Jose Luis Parada, hosting an official inauguration at AJ Bolivia offices in La Paz. Minister Parada underlined that Abrego’s appointment would …

Read More »

New BA governor Kicillof appoints Omar Galdurralde as IPLyC lead

SBC News New BA governor Kicillof appoints Omar Galdurralde as IPLyC lead

Argentine business news sources report that newly elected Governor of Buenos Aires Province Axel Kicillof is set to appoint close associate Omar Galdurralde as the new Director-General of the Argentine Provinces Board for Lotteries and Casinos (IPLyC). Kicillof, Argentina’s former Economic Minister, takes charge of Buenos Aires executive having won BA Province’s 27 October governorship election against former incumbent Maria …

Read More »

Peter Nolte lays out Patagonia Entertainment’s 2020 LatAm vision

SBC News Peter Nolte lays out Patagonia Entertainment's 2020 LatAm vision

Peter Nolte, Chief Executive of Patagonia Entertainment, has told SBCNoticias that the bespoke supplier of industry B2B systems and platforms will move to significantly expand its operations in Peru, meeting increased LatAm wagering demands. Expanding its operational capacity beyond its home market of Uruguay, “Patagonia will open an office in Peru during the first quarter of 2020,” he detailed, following a ‘year of …

Read More »