South America

South American News

SBC Leaders: Adapting to Covid and Italy’s unexpected digital payments push

SBC Leaders

“Covid has taught us to think flexibly and react quickly using all the possible tools in a creative way,” said Snaitech CEO Fabio Schiavolin, as he told SBC Leaders about adapting his approach to leading the Italian multichannel operator through the pandemic. The exclusive interview with Schiavolin kicks off the final 2020 issue of the publication, formerly known as SBC …

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Juan Pérez Hidalgo resigns as Coljuegos President

Coljuegos has confirmed to SBCNoticias that Juan B. Pérez Hidalgo has ended his five-year tenure as President of Colombia’s national regulatory authority for gambling.  Updating stakeholders, Coljuegos confirmed that it has secured the appointment of César Augusto Valencia as inbound President, with Pérez Hidalgo choosing to formally end his presidency effective immediately, A South American executive of international packaging conglomerate …

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LATAM woes see Codere track year losses of €240m 

Embattled Spanish gambling group Codere SA has published its Q3 2020 earnings report, revealing that its year-to-date corporate net losses currently stand at €240 million.  The Bolsa Madrid gambling firm continues to absorb COVID-19 impacts following a staggered reopening to its South American gambling venues, combined with severe LATAM currency fluctuations against the US dollar. Despite reopening its European (Spain …

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Pulse raiser: Golden Race integrates with Sportingtech platform

Golden Race has signed a deal with Sportingtech to integrate its virtual sports products into the online gaming platform provider’s core product, Pulse. Thanks to this new partnership, customers running off the Sportingtech platform – first launched to market in 2017 – will have access to Golden Race’s leading products including Virtual Football, Horse Racing, Keno and Spin2Win.  Luis de …

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Q3 revenues up as platform integration pipeline builds for GiG

GiG

“The third quarter of 2020 has delivered a significant step forward for GiG as a B2B focused organisation,” wrote CEO Richard Brown, as the company’s quarterly revenues reached €17.9m with EBITDA of €3.2m. Adjusted revenues were recorded at €14.2m – an increase of 42% from €10.0m year-on-year, while EBITDA was up by €3.6m. This growth, said Brown, was complemented with …

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Argentina opts for a higher online gambling tax rate

Passing its federal budget, Argentina’s government has moved to impose a higher rate of tax for online gaming for the forthcoming year, despite the fact that the sector is not regulated on a federal level. The two most populated jurisdictions – the city and province of Buenos Aires – are in the process of debuting their markets, while there are other regions …

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SBC Magazine Issue 11: Ralph Topping, SPACs and the best way to spend £100m

Kicking off Issue 11 of SBC Magazine, we have an exclusive interview with former William Hill CEO Ralph Topping, who reflected on his journey from a part-time cashier in one of Glasgow’s independent betting shops to the boardroom of William Hill. He looked back on the ways that UK betting shops have evolved in recent years and how bookmakers have …

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Leadstar launches ApostasBrasil.com to advance LatAm profile

Leadstar Media has continued to expand its international footprint after announcing the launch of dedicated Brazilian sports betting portal – ApostasBrasil.com (BrazilBets.com). Marked as a key strategic launch, ApostasBrasil.com will serve as Leadstar’s flagship property for the imminent launch of Brazil’s regulated online gambling marketplace, expected in 2021 (dependent on regulatory developments). ApostasBrasil.com is Leadstar’s second Portuguese language website following …

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Thinking Glocal: Digitain on the regional factors beyond the regulation

regional

Digitain has set about providing the ‘world’s sportsbook’ to operators in Europe, America, Africa and Asia, regardless of the size or relative maturity of the regional markets. It is perhaps best known for its work in ‘developing’ markets, where the challenges are quite different to years gone by. Feliciana Cannillo, Deputy CEO at Digitain, explains why times of porting – …

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Betfair advances Colombian vision with BtoBet

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 …

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