Tag Archives: Chile

Chile restarts tricky path to complete new Federal Gambling Bill

SIS Chile

The Senate of Chile has reinitiated proceedings to launch a new federal framework for gambling, following 2023’s inconclusive developments which saw key departments fail to reach terms on a bill to legislate new laws and market standards. Chile’s Senate and National Congress have returned to duties following the summer recess. Both legislative offices are required to review the outstanding terms …

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Simon Hovmand-Stilling: Better Collective holds no compromise to lead Brazil media market

SBC News Simon Hovmand-Stilling: Better Collective holds no compromise to lead Brazil media market

Last February, Better Collective, global gaming’s biggest media group completed its €176m acquisition of Playmaker Capital, diversifying its media portfolio once more to take leadership in South American markets. Ahead of the inaugural SBC Summit Rio (5-7 March), Simon Hovmand-Stilling, CEO of Better Collective South America details no compromise in the strategy to take Brazil’s top spot, building its most …

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PaymentExpert: Brazil eyes international expansion of Pix

SBC News PaymentExpert: Brazil eyes international expansion of Pix

Banco Central do Brasil has been authorised to expand the Pix payment platform internationally to accommodate cross-border transactions for Brazilian businesses. The decision was taken following a meeting of the Central Bank’s policy advisors on how to maximise global cross-border payment authorisations and efficiencies helping expand Brazil’s international network and resources for business. Pix was first launched by the central …

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Chile’s Senate to review incomplete Federal Gambling Bill

SBC News Chile's Senate to review incomplete Federal Gambling Bill

The Senate of Chile will review the text and framework of a new Federal Gambling Bill (035/2022), aimed at overhauling the Andean nation’s longstanding gambling laws. Despite unresolved conflicts, this week Chile’s Chamber of Deputies approved the draft legislation by a majority of 97 votes in favor and 28 against. The Bill will thus be presented to the Senate for …

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Chile settles on tax articles for new Gambling regime 

SBC News Chile settles on tax articles for new Gambling regime 

Chile advances on the development of its pending legislative framework to regulate a federal online gambling marketplace.  Progress sees the Economic Commission of the Chamber of Deputies recommending fiscal measures to be applied to the country’s new gambling regime. The Economic Commission published new articles recommending the headline measure that a ‘1% responsible gambling tax’ be applied across all gambling …

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Oddsgate: committed to sustainable growth in LatAm and Brazil

Coherence, consistency, and differentiation: Emilia Perez on RSI’s LatAm roadmap

Igaming and sports betting platform and software developer Oddsgate has been highly active in LatAm, specifically the emerging Brazilian market. Tiago Almeida and Mario Silva discuss some of the key considerations for indigenous operators and market entrants. SBC: First off, talk us through the background of Oddsgate’s Work in Brazil  Tiago Almeida: Many of our team members worked as senior …

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Silvia Paleari, IBIA: Integrity concerns shape South America’s betting foundations

SBC News Silvia Paleari, IBIA: Integrity concerns shape South America's betting foundations

Silvia Paleari, Director of Public Affairs at the International Betting Integrity Association (IBIA) provides an extensive view on the evolving dynamics impacting sports betting regulations across South American markets. As the governments of Brazil, Peru, and Chile move to regulate online gambling, the IBIA plays a crucial role in advocating for well-regulated and secure sports betting markets, ensuring the protection …

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ANFP ends Betsson principal sponsorship of Chilean football

SBC News ANFP ends Betsson principal sponsorship of Chilean football

Chile’s National Association of Professional Football (ANFP) has abandoned its principal partnership with Betsson AB. which will no longer serve as title sponsor of the Campeonato Nacional.  Yesterday, ANFP informed national media of the conclusion of Betsson’s contract as principal sponsor of Chilean football, effective from 15 October. Agreed in 2022 for a reported $8m, the deal has seen Betsson …

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Logrand eyes Chile M&A of in limbo Enjoy Casinos

SBC News Logrand eyes Chile M&A of in limbo Enjoy Casinos

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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ANFP ordered to freeze betting partnerships until Chile settles new law

SBC News ANFP ordered to freeze betting partnerships until Chile settles new law

The government of Chile has ordered sporting bodies and organisations to abide by the ruling of the Supreme Court related to the current legal status of online gambling activities. Though government agencies are in the process of finalising a legislative framework to launch Chile’s regulated online gambling marketplace, in September a Supreme Court judgement upheld a challenge by state-owned lottery …

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