South America

Juan Perez Hidalgo, President of Coljuegos, has confirmed that Colombia’s national gambling regulatory authority will imminently allow for live casino content to be offered by licensed market incumbents. Perez Hidalgo made his announcement as part of day-two of the SBC Digital Summit’s ‘LATAM markets track‘, where he addressed an audience on Colombian market developments. In his address, Perez Hidalgo confirmed …

Embattled Bolsa Madrid gambling group Codere SA has postponed payments on its debt tranches of €500m and $300m, as corporate governance reviews the firm’s long-term financing options. Yesterday, Codere made its decision public via a corporate filing with Spain’s competition and markets authority (CNMV). In its notice, Codere informed that its suspension of debt payments formed part of group-wide contingency …

Brazilian online racebook Suaposta has revealed its new brand identity, as the heritage firm transitions to a new era becoming a sportsbook property of Betsson AB. Since 2012, Suaposta has operated as Brazil’s sole regulated online wagering platform offering bets on horseracing licensed by The Ministry of Agriculture and Livestock, operating in partnership with Rio Grande do Sul Jockey Club. …

SBC Noticias is launching a daily newsletter, delivering the latest news, interviews and analysis on the betting and gaming industry in the Spanish speaking world direct to readers’ inboxes. The Spanish language newsletter is free of charge and includes the biggest breaking news stories, together with a selection of in-depth interviews with leading industry figures and expert market commentaries on …

Developing markets platform provider BtoBet has recommended that Colombian operators should begin to ‘move towards an evermore digital betting experience’ in a bid to diversify their offerings. As revealed in its ‘Colombia Shifting from Retail to Online’ report, only 9.4% of total gaming revenues for the first half of 2019 were generated by the online gaming sector, despite the market …

Bolsa Madrid gambling group Codere SA has informed investors that it has secured a further €20 million loan which will support its Mexican business unit.  Sanctioned on Friday 13 March, Codere governance secured access to an additional MXN 500-million-peso bond (€20 million) with debt terms set for maturity in 2025.   Updating investors, Codere stated that the loan has been sanctioned …

Following months of delay, Argentina’s new government has confirmed the appointment of Omar Galdurralde as the Director-General of the Argentine Provinces Board for Lotteries and Casinos (IPLyC). The delay in appointing the IPLyC’s new leader follows sweeping changes undertaken throughout Argentina’s federal departments, following President Alberto Fernández’s Justicialist Party taking office in December 2019. Despite Galdurralde’s appointment having been formerly reported …

South American legacy sportsbook Betcris and the Campeonato Brasileiro Série A (Brazilian Championship A Series) football league have signed a multi-year sponsorship agreement this week. The deal is expected to run until the end of the 2023 season. During the first year, Betcris will advertise its gaming services on all 361 series games, of which 76 will be aired on national broadcaster Globo TV’s free-to-air network. …

Spanish multinational gambling group Codere has sealed a deal with Solitics to improve its management of data and create a more personalised experience for its players. Codere confirmed that Solitics has integrated its real-time data management and automation platform into Codere’s sport betting and casino operations in Europe and Latin America (LatAm). Moshe Edree, COO for Codere’s digital division, said: …