Tag Archives: argentina

BA City appoints Jesús Acevedo to lead LOTBA 

SBC News BA City appoints Jesús Acevedo to lead LOTBA 

The Executive of the City of Buenos Aires has announced the appointment of Jesús Acevedo as the new President of the Lotería de la Ciudad de Buenos Aires (LOTBA). The appointment was sanctioned by Jorge Macri, the City Governor of Buenos Aires, who confirmed that Acevedo will succeed Martín García Santillán as President of LOTBA. Acevedo has previously served as …

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Codere appoints PKF Attest to audit 2023 accounts

SBC News Codere appoints PKF Attest to audit 2023 accounts

Grupo Codere SA has appointed PKF Attest to serve as the principal auditor of the gambling group in the Spanish and South American markets. The Spanish unit of PKF Attest will replace EY, which in 2023 severed ties with Codere, ending its seven-year tenure as an independent auditor, having overseen audits on consecutive debt refinances needed to maintain Codere’s embattled …

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VBET named European betting partner of Argentina National Team

SBC News VBET named European betting partner of Argentina National Team

VBET has formed a regional partnership with Argentina National Team through a deal with the Argentina Football Association (AFA). Extending across marketing and branding initiatives, the pair have outlined how the three-year alliance is poised to ‘redefine the sports and betting landscape’, as well as ‘usher in a new era of unparalleled engagement’. Aragats Asatryan, VBET CEO, said: “This partnership …

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Governor of Buenos Aires seeks new President for IPLyC

SBC News Governor of Buenos Aires seeks new President for IPLyC

The Executive of the Province of Buenos Aires seeks a new President to lead the Provincial Institute of Lotteries and Casinos of Buenos Aires (IPLyC). The update follows the resignation of incumbent Omar Galdurralde, who has chosen to stand down from the office of Axel Kicillof, the Governor of BA Province for Partido Justicialista Following November’s national and provincial elections, …

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Intralot maintains ‘EBITDA resilience’ as leadership restructures debt

SBC News Intralot maintains ‘EBITDA resilience’ as leadership restructures debt

Intralot SPA maintains a stable outlook for year-trading, despite the Athens-listed technology group reporting continued revenue declines impacting its commercial performance. Publishing its latest year-to-date (YTD) report, Intralot corporate revenues stand at €280m, down 7% on 2022 comparatives of €301m. The decline in YTD headline revenues reflects the absence of discontinued Malta lottery (B2C) revenues, accounting for a decrease of …

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Simon Hovmand-Stilling: Better Collective engaged in all media for South American growth

SBC News Simon Hovmand-Stilling: Better Collective engaged in all media for South American growth

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 …

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Codere recruits Agustin Gonzalez to lead digitisation projects

Codere Online

Grupo Codere continues its senior management reorganisation by appointing Agustin Gonzalez as new Director of Technology and Digitalisation of the Spanish and LatAm gambling group. Working directly with new Chief Executive Gonzaga Higuero, Gonzalez will spearhead the omni-channel digitisation projects for Codere across all core markets. Branded a ‘seasoned tech strategist and transformation expert’, Gonzalez joins Codere’s executive team having …

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Codere books €164m loss in horror show Q2

SBC News Codere books €164m loss in horror show Q2

Grupo Codere SA cites that its business has been negatively impacted by the “temporary closures by public authorities due to alleged noncompliance with certain regulations in both Mexico and Argentina”. Publishing its Q2 trading update, the Spanish and Latin America-focused gambling group booked a net loss of €164m due to ‘impairment provisions’ needed to consolidate its performance in Mexico and …

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Enjoy reviews sale of LatAm casino venues 

SBC News Enjoy reviews sale of LatAm casino venues 

Grupo Enjoy has initiated a strategic review of its business, in which the South American gambling group will consider the individual sale of its casino properties.  This week, the board of Enjoy notified Chile’s Commission of Financial Markets (CMF) that it had initiated a strategic review led by Santiago-based financial advisory ASSET Chile SA. The CMF was informed that Enjoy …

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GiG gets LatAm uplift as Bplay enters Argentina’s Mendoza province

GiG gets LatAm uplift as Bplay enters Argentina’s Mendoza province

Bplay, an omnichannel betting brand operated by Gaming Innovation Group (GiG) client Boldt Group, has launched in its fifth jurisdiction in Argentina. The operator made its debut in the country’s seventh largest province, Mendoza, building on an existing presence in the City of Buenos Aires, Province of Buenos Aires, Santa Fe and Entre Ríos. Whilst expanding Bplay’s reach in Argentina, …

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