BNDES – Brazil’s national development bank has sanctioned its fourth postponement of the sale of state-owned instant win (scratch card) operator LOTEX. Last week, an under pressure BNDES issued a corporate communication informing the media and stakeholders that its scheduled Tuesday 26 March auction of LOTEX enterprise had been cancelled. In its update, BNDES governance informs that the LOTEX auction …
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This week’s 6 of the Best comes from Geoff Scaplehorn, Lead Games Producer at FunFair Technologies. Keep reading to discover which sport breaks physical inactivity, a love of Britpop, disdain for ‘staycation’ and a top ten of movie loves. Best Holiday That would have to be when I went on safari. Landing in Kenya, we drove to Tanzania to visit the Serengeti crater, …
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Embattled Bolsa Madrid gambling firm Grupo Codere SA closes its full-year 2018 accounts reporting group-wide losses of €40 million, primarily attributed to significant Argentine market adjustments. Reported throughout 2018, Codere has been forced to navigate the +100% collapse of the Argentine Peso against the Euro, with the gambling group detailing FX losses of circa €34 million. In its Argentina market …
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Brazilian democrat, Paulo Azi, has submitted a bill that calls for the authorisation of 32 casino licenses across the country as reported by Games Magazine Brazil. If passed, the bill would approve the opening of resort hotels with attached casinos in Brazil. As part of the proposal, the government would receive 10 per cent of the gross revenues generated by …
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Scout Gaming has entered the Brazilian market after signing a deal to provide start-up operator Jogajà with its full fantasy sports platform. Jogajà, whose Scout Gaming-powered platform is expected to launch during the first half of 2019, is backed by Swedish venture capitalists with experience of working in Brazil. The product range will be boosted by the inclusion of local …
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Spanish business news sources have reported that the governance of embattled Bolsa Madrid gambling group Codere SA, are reviewing all financing options as the company embarks on a ‘three-year corporate transformation plan’. Closing 2018, a year in which Codere was branded as the Madrid exchange’s ‘biggest bleeder’, seeing its share price collapse from January’s €9.50 to €2.40 for its December …
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This week’s 6 of the Best comes from Per Lindheimer, Product Owner at Nolimit City. In the latest edition, that also comes complete with a full a set of runners-up in each category, discover what bucked the trend of not mixing business with pleasure, “bolting” through a group of death and what triumphed in a tough movie dilemma. Best Holiday …
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Andrew Morgan, International Director at Independent Content Services, anticipates 2019 will be all about M&A, the USA and the ongoing rise of esports. It has been another incredible year for the global online gambling industry. From power-play acquisitions to new markets opening their doors to legal betting for the very first time, the past 12 months have been transformational for …
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Brazil President Michel Temer has signed MP 846 to formally legalise both online and land-based sports betting in the country. MP 846 was primarily focused on the distribution of proceeds from Brazil’s national lottery – operated by Ministry of Finance-controlled Caixa Econômica Federal, but also included plans that gave the green light to regulated sports betting. Its case was helped …
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Brazil: regulated sports betting – more nutcracker than sweet Regulated sports betting in Brazil is now awaiting only the signature of President Michel Temer, who has previously said he would approve any gambling liberalisation plans. Legislation to regulate sports betting in Brazil is therefore now a near certainty, in our view. However, as we flagged last week, the final shape …
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