Tag Archives: brazil

Altenar taps into Italy’s football heritage with new Bet Builder tool

SBC News Altenar taps into Italy’s football heritage with new Bet Builder tool

Altenar has rolled out an upgraded version of its Bet Builder sportsbook product for its clients across the Italian market. The company stated that it has been following the trend of Bet Builders’ growing popularity among both players and operators, leading to Altenar’s product team devoting additional resources towards the launch of its own version of the feature. In detail, …

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MGM Resorts and Grupo Globo join forces for BetMGM Brasil launch

SBC News MGM Resorts and Grupo Globo join forces for BetMGM Brasil launch

BetMGM Brasil has now officially launched for customers in what is expected to become the biggest gambling market in Latin America. The igaming and sports betting platform, owned by MGM Resorts International, was developed in collaboration with Grupo Globo – one of Brazil’s largest media companies. MGM Resorts itself was approved for a license by the country’s Secretariat of Prizes …

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Better Collective to exceed revised FY2024 targets

Better Collective

Better Collective AS has revised its financial guidance for full-year 2024 trading, notifying investors that results are above previously revised expectations detailed to the market. Updating investors, the Stockholm/Copenhagen-listed media group expects FY2024 revenues to stand at €371m. Revenue performance will fall within the top range of Better Collective’s revised guidance issued in Q3 of €355m to €375m – reset …

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Brazil SPA sets GGR calculation for taxes and duties of Bets regime

Rivalry’s Brazil creator marketing continues with Tribo addition

Brazil’s Secretariat of Prizes and Betting (SPA) has published a new ‘technical notice’ providing instructions on the auditing and reporting of income generated by licensed operators under the Brazil Bets regime. Technical Notice No. 299 outlines the SPA’s rules for Bets-licensed operators regarding the submission of audited accounts and the calculation applied to Gross Gaming Revenue (GGR). As documented, the …

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Supreme Court orders Loterj to comply with geo-restrictions

SBC News Supreme Court orders Loterj to comply with geo-restrictions

The Supreme Court of Brazil states that Rio de Janeiro must follow orders and suspend businesses that have yet to adopt geolocation restrictions on their  online gambling services The judgement was upheld by Supreme Court Justice André Mendonça who issued a ‘preliminary injunction’ that prohibits Rio’s state lottery, Loterj, from issuing licenses that can operate alongside the federal Bets framework.   …

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Player taxes on Brazil Bets make a distinction on licensed & unlicensed winnings

SBC News Player taxes on Brazil Bets make a distinction on licensed & unlicensed winnings

Guidelines on Personal Income Tax (IRPF) have been updated for Brazilian citizens to register prizes and winnings from online gambling and sports betting activities. Receita Federal, the Federal Revenue Service of Brazil, has updated articles of its “General Coordination of Taxation” to include new provisions for consumers to declare profits/winnings generated from online gambling. An update to the IRPF guidelines …

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Brazil Central Bank exposes gaps in shielding welfare funds from gambling

SBC News Brazil Central Bank exposes gaps in shielding welfare funds from gambling

The Central Bank of Brazil (BCB) has recognised that there are technical obstacles for intervening in the use of welfare funds for ‘gambling purposes’ by beneficiaries. On Monday, the National Institute of Social Security (INSS), the body responsible for social security and pensions in Brazil, formally asked BCB for support in the implementation of a strategy to prevent betting on …

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Bet365 expands Brazil portfolio with Incentive Games

SBC News Bet365 expands Brazil portfolio with Incentive Games

B2B games provider Incentive Games has leveraged its partnership with bet365 to launch its latest crash game for Brazilian consumers.  Titled Velocity, the product is the first pay-to-play crash game developed in a collaboration between Incentive Games and bet365, offering a seamless integration into the latter’s platform. John Gordon, CEO of Incentive Games, said: “While the market is saturated with …

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Betsul joins IBIA as Brazil undergoes new legal requirements

SBC News Betsul joins IBIA as Brazil undergoes new legal requirements

São Paulo-based operator Betsul has officially joined the International Betting Integrity Association (IBIA). The move emphasises the protection of regulated sports betting markets from match-fixing, reinforcing transparency and good practices in the sector. Fernando Garita, CEO of Betsul, highlighted: “We know that this moment marks an important step forward in creating a safer and more transparent sports betting environment.  “As …

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Brazil social aid chief calls for Bets restrictions on welfare use

SBC News Brazil social aid chief calls for Bets restrictions on welfare use

Brazil’s National Institute of Social Security (INSS) is reportedly looking at how to ban social benefits as payments for sports betting. In an interview with news outlet Estadão, INSS President Alessandro Stefanutto shared that his organisation – in charge of distributing welfare funds to disabled and low-income elderly people – is in the process of creating research that will show …

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