Tag Archives: argentina

Approval of Debit Card use divides Buenos Aires on Safer Gambling duties

The government of the Province of Buenos Aires has authorized the use of electronic payments, leading to casinos now being able to accept debit card use. As a response, different groups argued that this approval could lead to problem gambling issues. Through a new measure from the Provincial Institute of Lotteries and Casinos (IPLyC), the regulator of Argentina’s biggest jurisdiction …

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Intralot returns to black as Kokkalis transformation bears fruit 

Intralot SA has branded 2021 as a breakthrough year for its business, as the Athens-listed gambling technology group accomplished its structural reorganizational directive, that secured financial benefits beyond previous expectations.  Publishing its full-year 2021 financial report, Intralot declared a group underlying EBITDA of €110 million up 67% on comparative FY2020’s results of €66 million. Group earnings were bolstered by a …

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bet365 launches in Buenos Aires under dual city and provinces licence 

bet365 has laid a further marker for its ongoing South American expansion, as this week sees the official launch of its dedicated online gambling domain in Buenos Aires – www.bet365.bet.ar.  The UK’s leading online bookmaker has secured dual BA licenses  granted by the Provincial Institute of Lottery and Casinos (IPLyC) and city regulator Loteria de la Ciudad (LOTBA). As a …

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Kambi clears Q4 peak comparatives to deliver 93% FY profit growth 

Kambi Group Plc has praised its diverse market make-up for  helping the sportsbook systems provider maintain year-on-year growth, irrespective of pandemic circumstances impacting its commercial pipeline.  Publishing its Q4 trading update, Kambi registered corporate revenues of €35 million, down 26% on corresponding 2020 results of €47 million. Q4 trading was matched against record-breaking 2020 comparatives for sportsbook clients. Performance was …

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CNMV suspends Codere listing as shareholders press for break-up  

Spain’s National Securities Exchange Commission (CNMV) has been forced to suspend the listing of Grupo Codere SA shares on the Bolsa Madrid Exchange.  The exchange regulator informed that its decision was taken, following an extraordinary meeting of shareholders that approved for Codere to begin a settlement process for the company to be dissolved. As a result, the CNMV has been …

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Codere showing signs of recovery following LatAm reopening

Codere is confident of bouncing back from COVID-19 induced headwinds, having identifying a resurgence in Latin American countries as the jurisdictions gradually reopen after months of lockdowns. Providing a financial update for the first nine months of 2021, the Spanish gambling group explained that it had generated total revenue of €499.6 as of September 2021, an increase of 8.5%. Codere …

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Kambi launches Argentine vision with Casino Magic

Kambi

Kambi Group plc has entered into a multi-year agreement to provide its technology and services to leading Argentinian gambling operator Casino Magic. The partnership will see Kambi support the launch of an online Casino Magic sportsbook in Argentina’s Neuquén province, with the country in the process of regulating sports betting on a province-by-province basis. Kristian Nylén, CEO of Kambi, said: “We are delighted to …

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Codere defers debt note duties until 2023

The creditors of Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes. The Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firm’s ongoing restructuring arrangements. Back in July, company creditors had allowed Codere to access a further €250 …

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BA approval sees Betsson state full confidence in LatAm prospects 

BA approval sees Betsson state full confidence in LatAm prospects 

Betsson AB has underscored its ‘strong LatAm prospects’ after securing a ‘venture licence’ granted by the Province of Buenos Aires IPLyC lotteries and casinos institute. On 31 December, the IPLyC disclosed the seven ‘business ventures’ that had been granted licences to operate online gambling services within the province of Buenos Aires – Argentina’s most populous state. Betsson, seeking to participate …

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Buenos Aires finalises licensing regime but doubts remain on launch approval

2021 has kicked off to strong LatAm developments, as ‘IPLyC’  – the regulatory authority of gambling for the province of Buenos Aires – concludes its year long online gambling licensing process. The publishing of BA’s executive gazette on 31 December disclosed the seven ‘business partnerships’ that have been allowed to form online gambling ventures servicing Buenos Aires province – Argentina’s …

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