Tag Archives: peru

Peru to lay legislative groundwork for launch of online sports betting regime

Peru will become the latest South American country to review its national gambling laws, as Congress has unanimously approved a decree project that seeks to regulate and tax an online sports betting regime. Last week, the Finance Committee unanimously approved for peer Diana Gonzales’ decree project to be reviewed by the Congress of Peru. Gonzales’ a representative of the Social …

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Winning Post: LatAm… Get local or die tryin

Whilst operators are highly motivated by the commercial opportunity offered by  LatAm jurisdictions as the sector’s next boom markets.  Regulus Partners warns of the perils of not executing a native approach to service ‘new world’ customers… Peru and Chile are likely to be joining Mexico, Colombia, and Argentina (province by province) as major LatAm countries which are offering domestically regulated …

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Betsson secures Peru top spot by completing $25m Inkabet takeover 

Betsson AB has completed its ‘strategically important’ acquisition of market-leading Peruvian operator Inkabet for $25 million.  This morning, the Stockholm-listed online gambling group confirmed that it had finalised all necessary requirements to acquire Inkabet’s B2C online business – bringing a close to a deal that had been brokered last August. Under the terms of the acquisition, Betsson has agreed to …

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Betsson gains Peru top spot with $25m takeover of Inkabet

Betsson AB has continued its recent expansion in South American markets by announcing that it has reached an agreement to acquire the online business of sportsbook and casino operator Inkabet.  The deal has been formalised by Betsson subsidiary SW Nordic Limited, which has agreed to an initial consideration paying $25 million to acquire the Peru-licensed operator’s online assets. Further deal …

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Kambi rides high from all market comeback

Sports betting technology provider Kambi Group Plc has underlined its continued commercial momentum, securing Q2 revenues of €42.8 million, an operator trading margin of 9.3% and a net cash position of €84.5 million. Publishing its Q2 and H1 2021 interim results (period ending 30 June), Kambi generated period revenues of €86 million, up 102% on 2020 interim results of €43 …

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Kambi to power LatAm debutant NG Gaming’s sportsbook drive

Kambi

Kambi Group will power the sportsbook ventures of newly launched South American market operator NG Gaming. The sportsbook technology systems supplier has disclosed that it has secured a commercial arrangement to serve as lead platform supplier for all NG Gaming sportsbook provisions, servicing the LatAm markets. The multi-year partnership will see Kambi support the imminent launch of Olimpo.bet – NG …

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CIRSA improves trading outlook following positive LatAm reopenings

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 …

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Betsson invests in JDP Tech to cater for LatAm venture requirements

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 …

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William Morris, SIS: Showcasing the best racing content across every time zone

racing

William Morris, Head of International Horse Racing at SIS, discusses the importance of providing a diversified racing portfolio in today’s marketplace, before identifying a couple of international ‘race meets’ which now form a crucial part of the company’s content portfolio. SBC: First of all, how important is it to be able to offer a diverse racing portfolio in today’s marketplace? …

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Betsson nets Peru Liga 1 title naming rights

Peru’s Liga 1 football championship is set to undertake its first name change in more than 20 years as Betsson Peru, becomes forms a strategic alliance with the Peruvian Football Federation (FPF), confirmed this week. The partnership will see Liga 1 Peru’s top division of professional football renamed as the ‘Liga 1 Betsson‘, as the European online gambling group becomes …

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