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Andre Gelfi – Suaposta strengthened by Betsson’s Brazilian intent

March 4, 2020

Andre Gelfi, CEO of Brazilian racebook Suaposta, has backed Betsson AB’s early mover advancements, despite facing significant unknowns related to Brazil’s future sports betting make-up. Closing 2019, a refinanced Betsson sanctioned the purchase of a 75% stake in Suaposta, Gelfi’s online racebook licensed by Brazil’s Ministry Agriculture and Livestock in partnership with Porto Alegre’s heritage ‘Rio Grande do Sul Jockey …

Brazil finalises first draft of sports betting bill

September 10, 2019

Following the finalisation of a public consultation, Brazil’s Ministry of Economy is finalising a draft regulatory decree for online and land-based sports betting, which will lay the foundations for “various companies to operate in the market”. Under the new decree, there would be no limit set on the number of licences that would be awarded by the state. Neil Montgomery, …

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