Tag Archives: brazil

Estimates from business intelligence provider Vixio Regulatory Intelligence have revealed that the upcoming launch of a regulated online gambling market in Brazil is capable of generating around US $5bn in annual revenue.  According to the forecasts from the ‘Brazil Online Outlook’ report, Brazil’s online gambling scene will quickly shift into top gear, reaching $3.7bn in annual revenue over three years …

Brazil has advanced the launch of a regulated federal sports betting marketplace in 2024, as the Ministry of Finance fulfills the key requisite of forming a ‘Special Secretariat’ to monitor and report on market activities. Detailed via a decree published by the Ministry of Finance, the Brazil ‘Bets’ marketplace will be supervised by the ‘Secretaria de Prêmios e Apostas (SPA)’ …

Ahead of next month’s ICE London Oliver Lietz, CEO at nanocosmos, takes a look at the demands igaming and betting operators face when targeting growing markets like Brazil and shares how the company is addressing them. At ICE London, Feb 6-8, booth N9-322 nanocosmos will present nanoStream Cloud as a solution for adding interactive live streaming to live games and …

Niccolo Cassettari, Chief Business Development Officer at Logifuture, talks about the company’s multi-faceted approach to doing business and what it takes to be more than just a white label specialist.  SBC: Logifuture has earned a solid reputation as a white label specialist, but the company also markets a wide-range of B2B products. Can you share more information on its inception, …

B2B igaming and sportsbook solutions provider WA.Technology has announced the appointment of Sander Koch as its Chief Strategy Officer (CSO). With a career spanning over 18 years in the management consulting industry, he brings a “wealth of expertise and insight” said the firm.  Koch joins WA.Technology at a pivotal moment as the company is expanding its comprehensive igaming suite, including …

Google has informed its app developer community that its app store “Google Play will begin supporting more Real Money Game (RMG) apps this year”, including “game types and operators not currently covered by an existing licensing framework.” Developers were notified via a blog post authored by Karan Gambhir, Google’s Director of Global Trust and Safety Partnerships, titled “A New Approach …

Stake has been announced as the new main partner of Brazilian football club Esporte Clube Juventude. The betting brand’s logo will be visible on the front of the match and training shirts of Brasileiro Série B club (both men and women’s teams). The former Serie A side recently got relegated to the country’s second division. Akhil Sarin, Chief Marketing Officer …

Tommy Molloy, Chief Sportsbook Officer at Sportingtech, shares the sportsbook provider’s results across its Bet Builder on Brazil’s Serie A 2023 – most notably reporting a 1,300% boom in betting volume compared to the 2022 season. Football continues to dominate Brazil’s sports consumption; Brazilian bettors are fiercely loyal to both their nation and their clubs, unafraid to put their money …

Dealmakers of the $300m acquisition of Meridian Bet Group by Golden Matrix Group (GMGI) expect the deal to be closed by the end of Q1 2024 trading. First announced on 12 January 2023, the deal’s forthcoming closure was detailed by the management of Meridian Bet via the publishing of a ‘corporate progress and pending acquisition report’. Following several amendments, Meridian …

A total 134 betting firms have now expressed interest in operating in Brazil, with the market looking set to become one of biggest in the world. Prior to the new law that was passed to regulate sports betting and online gaming, some interested gambling companies included; Kaizen Gaming (Betano), 1XBET, Meridianbet, Pixbet, Betfair, LeoVegas, Betway and Draftkings. Further operators also …