Tag Archives: mexico

Igaming turnkey solutions provider Soft2Bet has published its 2024 Growth Report this week, highlighting what the firm cited as “remarkable financial and compliance success, product innovation, industry recognition, and forward-thinking insights from key executives and igaming experts”.  In terms of the headline statistics, the company reported doubled EBITDA year-on-year and a significant increase in consolidated group revenue. These milestones, it …

Vixio states that “Latin America’s regulated online gambling market is set to grow more than fivefold to reach $12.3bn in 2028, compared to $2.5bn in 2024.” This figure headlines a new “Latin America Outlook Report” published by the regulatory and compliance intelligence agency for iGaming and Payments. Regional developments in the 2020s have seen Latin America transition from a continent …

Codere Online trades uninterrupted despite the threat of its securities being delisted from the Global Nasdaq exchange. Publishing its Q3 trading statement, the Spanish online gambling group expects to “finish the year in the upper part of both the full-year 2024 net gaming revenue outlook of €205–215m and Adjusted EBITDA3 outlook of positive €2.5–7.5m.” Confidence is bolstered by strong Q3 …

Golden Matrix Group (GMGI) has surpassed $100 million in corporate revenues for the year, underscoring its successful integration of MeridianBet. Publishing its Q3 trading statement, the Nasdaq-listed global online gambling group registered consolidated revenues of $41 million (+85%). For the year-to-date, GMGI revenues increased to $105 million, driven by the continued growth of MeridianBet and GMGI tech services. As detailed, …

Gambling conglomerate EveryMatrix has strengthened its foothold in the LatAm igaming market by becoming a member of the Mexican Gaming Association. Becoming a member of the Mexican Association for Permit Holders, Operators, and Suppliers of the Entertainment and Gambling Industry (AIEJA) will allow EveryMatrix to participate in, moderate, sponsor and lead workshops, seminars and various initiatives.  AIEJA itself is a …

Playtech Plc has renegotiated its terms of service with Grupo Caliente, settling commercial disputes related to the Mexican joint venture of Caliplay. The commercial disagreement began in 2023 when Grupo Caliente, Mexico’s largest casino operator, annulled service fees, with Playtech disputing contract entitlements of the Caliplay JV. The dispute saw Playtech and Caliente initiate separate lawsuits in London and Mexico …

La Liga has announced that Luckia will serve as the principal gaming and entertainment partner of Spain’s top professional football league. Luckia has secured a three-year international agreement, where it will actively promote itself as an international sponsor of La Liga in Spain and the South American market of Mexico. As part of the Galician gambling conglomerate Grupo EGASA, Luckia …

Google has paused plans to expand the Real Money Games (RMG) framework of its Play Store, as previously announced at the start of 2024. Back in January, Google informed its app developer community that it would adopt a ‘new approach to Real Money Games’. Developers were informed that the Play Store’s RMG framework would be expanded to allow RMG apps …

Codere SA has confirmed that creditors have agreed to reduce its corporate debt by 92% as part of a new financial restructuring programme. The terms of the new agreement will see Codere reduce its outstanding corporate debt from $1.7bn to approximately $140m, as of June 2024. The debt-reduction plan received majority approval from 60% of Codere creditors, who have been …

Playtech Plc is confident it will meet its strategic and commercial objectives for 2024, following a ‘solid start’ to year trading. The LSE tech group shared its AGM trading update, giving investors a snapshot of corporate performance from 1 January 2024 to 30 April 2024. The B2B unit continues to grow revenue in regulated markets, focusing on key contracts and …