M&A speculation mounts in Chile, as Mexican gambling group Logrand Entertainment mulls over acquiring Enjoy SA. As reported by local media, Logrand is monitoring Enjoy developments closely following the Chilean casino group’s failed merger attempt with main market rival Grupo Dreams SA. Back in April, Chile’s Competition Authority (FNE) intervened on the Enjoy and Dreams merger that would have formed …
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SBC Summit Latinoamérica 2022, the exhibition and conference connecting Latin America’s sports betting and iGaming markets, gathered over 1,000 senior industry executives at the Seminole Hard Rock Hotel & Casino, Hollywood, Florida, to discuss business opportunities and the immense potential of the region. The event on 1-3 November featured a trade show with over 40 booths, a busy program of …
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Betsson AB has reported consecutive ‘best ever’ quarters, as group leadership looks forward to the FIFA World Cup to close an anticipated record-breaking 2022. Publishing its Q3 trading update, Betsson generated group revenues of €200m, up 18% on 2021 results of €170m. Headline growth sees year-to-date revenues stand at €556m (YTD2021: €500m). Period trading was bolstered by the early start …
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Novibet Chief Commercial Officer, Yannis Xirotyris, has confirmed that he is stepping down from the position after fulfilling his responsibilities for 15 months. As CCO, Xirotyris played a role in orchestrating several commercial agreements with the Greek betting and gaming group, with a notable development being a merger deal with SPAC Artemis Strategic Investment Corporation (Artemis). Should the merger plans …
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Betsson AB has agreed to invest €8.8 million in JDP Tech Ltd, a specialist payment processing firm for South American market transactions. The deal, undertaken through Betsson’s venture investment subsidiary Perch AB, will see the Stockholm-listed online gambling group acquire a 50% stake in JDP Tech. “This allows Betsson to secure customer payment flows for the continued expansion in Latin …
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Betsson AB continues its South American expansion agreeing to form a strategic joint-venture with Mexico’s Big Bola Casinos. The Stockholm-listed online gambling group has announced that Big Bola, one of Mexico’s fourteen federally approved SEGOB gambling operators, will carry its new ‘Betsson Mexico’ sports betting and igaming brand. Big Bola is recognised as one of Mexico’s leading gambling groups, operating …
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