South America

Argentina: Paving the way for exponential iGaming growth

Argentina is regarded by igaming experts as a country with huge potential, writes BtoBet CEO Alessandro Fried. In fact, big recent strides to regulatory laws have cemented its igaming credentials. From a regulatory point of view there remain provinces yet to allow online betting, but it seems that the country as a whole is keen on regularizing the industry – albeit …

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Vague Morena mandate causes confusion on Mexican gambling taxes

Mexican gambling stakeholders have been left confused by Morena Party’s intended tax frameworks, which seek to modify the nation’s governing ‘Federal Law of Games and Sweepstakes (LFJS)’. This October, Morena Deputy Emmanuel Reyes Carmona presented the party’s LFJS tax modifications, reported by national media as a ‘20% excise increase’ on online gambling activities. The miscommunication relates to a poorly worded …

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Martin Lycka: What Would Pelé Do?

In the fifth of a series of columns on international gambling legislation, GVC Holdings Director of Regulatory Affairs Martin Lycka wonders what might Pelé and his footballing band of brothers think about Brazilian sports betting regulation. In an exclusive fictitious interview, we have asked Brazil’s all-time leading goal scorers for their views on the regulatory works the Brazilian government has …

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Sportium declares its ‘Panama intent’ for 2020

Spanish bookmaker Sportium has confirmed that it will enter Panama’s sports betting marketplace in 2020, and plans to launch 20 new betting points across the nation. Accompanied by Panama’s most famous sporting son, boxing legend Roberto ‘Hands of Stone’ Duran, last week Sportium leadership held a conference in Panama City’s Majestic Casino – a property which will serve as one of …

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Brazil finance ministry allows CAIXA to increase lottery ticket prices

Issuing a statement, SECAP – the planning department of Brazil’s Finance & Economic Ministry – has confirmed that it will allow national bank CAIXA to increase prices across its lottery products offering. Beginning 2020, CAIXA will be allowed to increase its ticket prices on its eight lottery products by an average of 28%. The update sees CAIXA implement its first ticket …

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Sportito makes LatAm debut in Brazil

Daily fantasy sports (DFS) operator  Sportito has launched its services for the Brazilian market, just four months after launching in India. Brazil becomes the third country – after the UK and India – to offer the Sportito DFS platform, and the firm’s first LatAm market launch. Launching in Brazil,  the Sportito platform will cover international and domestic soccer contests, as well as basketball, …

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Sportsbet.io secures Flamengo sponsorship deal

Coingaming Group’s cryptocurrency sportsbook Sportsbet.io has strengthened its presence in Brazillian football after securing a sponsorship agreement with Clube de Regatas do Flamengo.  Sportsbet.io has previously signed a three-month betting partnership with the club, which primarily focused on media and digital activations.  The extension to the agreement will see the sportsbook boost its investment into the sponsorship of the team, …

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Betting plays a guessing game on Buenos Aires outcomes

As Argentina heads for General Election polls on 27 October, circumstances appear less favourable for its Buenos Aires (BA) province to progress with an online gambling agenda. Abiding by the tender rules sanctioned by the Argentine Provinces Board for Lotteries and Casinos (IPLyC), nine international operators have formed local partnerships with BA gambling entities, who since June have had no …

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Javier Balbuena – Paraguay needs to strengthen CONAJZAR remits

Javier Balbuena, former Director General of Paraguay’s CONAJZAR gambling commission, has been appointed as a key advisor to the Committee of Economic Affairs which is set to undertake a wholesale review of the country’s gambling laws. Speaking to SBCNoticias, Balbuena has confirmed that Committee members will review three separate ‘Games of Azar’ bills seeking to establish a new regulatory framework governing Paraguayan …

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SBC launches Spanish-language website

Spanish

Sports betting event organiser and media company SBC has launched a dedicated news portal for the Spanish-speaking gaming industry, www.sbcnoticias.com. The new website will cover sports betting, igaming, casino and other global gaming news in Spanish, with a particular focus on emerging markets in Latin America, as well as Spain. It marks the first time SBC has launched a website …

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