Tag Archives: Colombia

Grupo CIRSA, the Blackstone-owned Spanish gambling group, revealed that 2021 trading is ‘on par with company expectations’ as its global land-based units continue to be impacted by COVID circumstances.  Publishing a Q1 2021 trading overview, the CIRSA registered group operating profits of €28.6 million, generated from corporate revenues totalling €156 million. CIRSA underscored that period operating profits were generated against …

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 …

Playtech Plc has published a trading update informing investors that its full-year 2020 corporate performance is expected to be ‘ahead of market consensus’. The FTSE250 technology group anticipates reporting a ‘solid financial performance for 2020’ through delivering an adjusted EBITDA expected to be ‘at least €300 million’. Providing a review of its  2020 activities, Playtech underlined that the company had …

William Hill Plc has secured its first South American sportsbook venture after confirming that it has acquired a ‘majority stake’ in Colombian-licensed operator Alfabet SAS. Closing its 2020 trading, the FTSE250 betting group stated that Colombia will be ‘the ninth regulated betting market in which William Hill will have an active presence’. Operating in Colombia since 2018, Alfabet SAS is …

Entain Plc (formerly GVC Holdings) expects to launch its Bwin sportsbook property for the regulated Colombian online gambling market next month. Martin Lycka, Entain’s Senior Vice President of US Regulatory Affairs & Responsible Gambling, told SBC Noticias about the fast-moving developments for the FTSE100 betting group within Colombia. Having recently secured a Colombian online gambling licence by federal regulator Coljuegos, …

BtoBet, the new sportsbook technology subsidiary of Aspire Global, has further expanded its position in Latin America through a partnership with Betfair in Colombia. The agreement, which aims to further strengthen BtoBet’s position in Colombia, will see its sports and PAM platform, Neuron 3, become even more widely available in the jurisdiction. After the regulation of the Colombian market in 2016 BtoBet has …

Following 2020’s disrupted proceedings, leadership eyes have turned to 2021 to see whether LatAm governments will finally deliver on their regulated market agendas for sports betting.  As part of an evening deep dive on LatAm’s regulatory roadmap and political developments Kristal Rovira, Research Director of Americas for VIXIO, asked the panel whether any legislative progress has been achieved during 2020. …