South America

The Senate of Brazil has updated its weekly schedule, announcing that a vote on Bill 3,626/23 to regulate a federal sports betting marketplace will take place on Wednesday 6 December. The announcement was confirmed by the Senate’s gazette, declaring that the plenary session will vote on two federal laws on Wednesday, related to regulating sports betting and on working rights …

The final vote needed to approve the launch of Brazil’s federal sports betting marketplace has been postponed. The plenary of the Federal Senate was scheduled to vote on Bill 3,626/23 today (Wednesday, 29 November). However, last-minute deliberations see senators divided on the inclusion of online games (casino) incorporated in the bill’s text. Bargaining reportedly went down to the wire, but …

Chile advances on the development of its pending legislative framework to regulate a federal online gambling marketplace.  Progress sees the Economic Commission of the Chamber of Deputies recommending fiscal measures to be applied to the country’s new gambling regime. The Economic Commission published new articles recommending the headline measure that a ‘1% responsible gambling tax’ be applied across all gambling …

In a push for strengthened integrity in Brazil’s rising sports betting market, Eduardo Gussem has been appointed as Integrity Officer of the Brazilian Football Confederation (CBF). The appointment comes ahead of a crucial vote this week concerning the proposed legal sports betting in the country. Legislators will decide on Wednesday 29 November on the final framework of Brazil’s betting regulation. …

Igaming and sports betting platform and software developer Oddsgate has been highly active in LatAm, specifically the emerging Brazilian market. Tiago Almeida and Mario Silva discuss some of the key considerations for indigenous operators and market entrants. SBC: First off, talk us through the background of Oddsgate’s Work in Brazil  Tiago Almeida: Many of our team members worked as senior …

This November, Better Collective executed its second biggest M&A acquiring Playmaker Capital for €196m, a deal which significantly amplifies its media network for sports audiences across South American markets. Simon Hovmand-Stilling, Better Collective CEO of South America, tells SBC of the active commercial opportunities on-boarded by the Playmaker acquisition and how Better Collective will apply its most diverse and localised …

The Economic Affairs Commission (CAE) of the Senate of Brazil has concluded its review of the tax and fiscal modalities of Bill 3,626/23 – submitted by the government to regulate a federal fixed-odds betting market.  The review marks the final assessment of Bill 3,626/23 by a legislative advisory, as the Senate will forward the Bill to the Plenary of the …

SKS365 has announced that a corporate forest of 1,000 trees has been planted as part of the PlanetGreen365 corporate sustainability program.  This is the first initiative that the Italian market operator has completed in its plan to promote environmental sustainability and support rural communities in different parts of the world. The trees were planted across Latin America, Africa and Asia. …

Codere Online has raised its guidance for 2023 and reiterated 2024 projections following a quarter which saw strong growth except its core markets, with the notable exception of Colombia. Group-wide revenue for the three months ending 30 September stood at €43.2m (€30.6m), an increase of 41%, with revenue from the Spanish and Mexican markets rising by 27% and 62% respectively …