South America

Brazil finalises first draft of sports betting bill

Following the finalisation of a public consultation, Brazil’s Ministry of Economy is finalising a draft regulatory decree for online and land-based sports betting, which will lay the foundations for “various companies to operate in the market”. Under the new decree, there would be no limit set on the number of licences that would be awarded by the state. Neil Montgomery, …

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Stats Perform secures Argentine Football Association deal

Argentine

Stats Perform will bring a more immersive betting experience to global fans of Argentinian football after striking a five-year deal with the Argentine Football Association (AFA) for the rights to global betting video and data across the body’s major competitions. This includes the headline Superliga Argentina, as well as the Copa Superliga Argentina, Argentina Cup and Recopa Argentina.  Under the …

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Brazil redrafts LOTEX sale lowering tender expectations

Having failed five times to sanction the sale of state-owned instant win (scratch card) operator LOTEX, the Brazilian government has drafted new tender documents and concession criteria as it re-establishes efforts to sell the state asset. Announced last week, Brazil’s Ministry of Finance has launched a new tender submission deadline, open until 17 October, with LOTEX’s official auction scheduled for …

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Betfair states its LATAM intent & responsibility as CONMEBOL partner

Moving to significantly expand its LATAM market profile and ambitions, Betfair has outlined securing its Official Partner’ status with CONMEBOL as one of the firm’s most important strategic marketing initiatives in the betting brand’s history. Announced last week, the partnership – which runs until December 2022 – sees the Betfair brand displayed across CONMEBOL’s flagship Copa Libertadores and Sudamericana tournaments, South …

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Argentine woes see Codere issue profit warning

Closing Monday 26 August trading, Bolsa Madrid gambling group Codere SA has issued a profit warning after admitting that a further Argentine Peso devaluation has impacted the firm’s 2019 expectations. Codere cannot escape Argentina’s economic volatility caused by the nation’s shock primary election results as voters turned against President Mauricio Macri’s government, backing the ‘Frente de Todos’ Peronist coalition. The …

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Codere secures Hard Rock Mexican market joint-venture

Spanish business news sources report that Bolsa Madrid gambling group Codere SA has signed a joint-venture agreement with Hard Rock International, which will see both companies develop new gaming properties within Mexico. The joint-venture will begin with Codere and Hard Rock establishing a new ‘tourist complex’ valued at $1 billion, which will see the US leisure and entertainment group develop …

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Superliga Argentina set for advanced protection

Genius Sports has teamed up with Superliga Argentina, the premier football competition of Argentina, to launch its comprehensive integrity and official data strategy. The partnership will see Genius Sports provide the league with an advanced level of protection against both match-fixing and betting-related corruption. This will be done by way of monitoring and reviewing integrity strategies and existing rules, with …

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Macri blow threatens Buenos Aires gambling agenda

Industry observers will be monitoring Argentine political movements closely following a week of ‘primary shocks’, which may impact the progress of Buenos Aires launching its approved regulated online gambling marketplace. Last week, the Argentine public shunned President Mauricio Macri and the PRO Party at the nation’s Primary Elections, Argentina’s run-off candidacy format prior to the General Elections scheduled for 27 …

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Stanleybet Group’s Magellan Robotech B2B division targets international growth

Stanleybet Group’s Magellan Robotech

Christian Maglia recently moved from WeAreCasino to become Chief Commercial Officer of Magellan Robotech, the B2B division of Stanleybet Group, and SBC News caught up with him to find out about his new role and plans to grow the business.  Maglia is also set to speak at Betting on Sports 2019, the leading international event for the sports betting and …

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Brazil opens consultation on vague betting mandate

The Brazilian government could potentially fast track legislation for regulating fixed odds betting, as Brazil’s Economic Ministry sanctions a month-long public consultation to seek guidance on regulating wagering services. Sanctioned this week, Brazil’s Economic Ministry is reviewing legislative provisions attached to the conditionally approved ‘bill MP-846’, which aims to establish a federal gambling framework for Brazilian online and land-based gambling. …

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