South America

GAN Plc’s B2C segment proved the standout performer during Q2 this year as its B2B division suffered some setbacks, causing an overall decline in group-wide revenue. The firm explained to its NYSE investors that total revenue dropped 3% during the quarter to $34m (Q2 2022: $35m), and adjusted EBITDA also fell substantially from £1.3m in 2022 to a loss of …

International Betting Integrity Association (IBIA) has announced that global betting brand KTO has joined the group. The 2018-founded company has a strong Latin American presence, most significantly in Brazil where it has ranked in the top ten most popular igaming brands. The move fulfils the regulatory obligation in the country, under the recently published Provisional Measure, to join an international …

SBC Summit Latinoamérica will provide over 3000 delegates with the opportunity to delve into cutting-edge affiliate and advertising strategies specific to the Latin American landscape, during the Affiliates & Advertising track. The dedicated track will commence on the first day of Latin America’s premier iGaming and sports betting event on Wednesday, November 1st, and will be held at the Seminole …

Grupo Enjoy has initiated a strategic review of its business, in which the South American gambling group will consider the individual sale of its casino properties.  This week, the board of Enjoy notified Chile’s Commission of Financial Markets (CMF) that it had initiated a strategic review led by Santiago-based financial advisory ASSET Chile SA. The CMF was informed that Enjoy …

The Congress of Chile has announced that it will establish an ‘Investigative Commission‘ to evaluate existing rules on sports betting advertising and to make recommendations on which changes should be applied as the government aims to launch a regulated online gambling marketplace in 2023.  Sports Minister Jaime Pizarro will lead the initiative, which within its remit has been tasked with …

The complexity of the LatAm gaming sector should never be underestimated according to David Bonnefous, Commercial Director at igaming and sportsbook platform solutions provider GiG. What goes in one jurisdiction doesn’t automatically go in another. It is not a land of ‘Curacao licences’. Much has been said about the need for extensive experience in Latin American markets because of the …

SportyBet has announced a partnership with Sportradar and WSC Sports for the Live Channel Promotion solution. The operator – which launched in Brazil in March this year – will utilise the product in order to send personalised push notifications to users. Elias Gallego, SportyBet VP of Business Development, Marketing and Media, said: “We are thrilled to partner with Sportradar to …

Brazil’s government faces growing demands to explain why it will apply the highest operating tax charge to its pending federal sports betting marketplace The demand for an explanation comes as Congress begins its 120-day review of ‘provisional measure No-1182’ signed by President Lula da Silva on 25 July. Entering a critical juncture for the passage of Brazil’s long-mooted sports betting …

International Game Technology’s (IGT) Global Gaming and PlayDigital divisions have driven an impressive quarter for the company, prompting a readjustment of its full year trading projections. The London-based igaming, iLottery and betting solutions developer informed its NYSE investors that total group income for Q2 2023 had risen 3% to $1.06bn (Q2 2022: $1.02bn). This was driven largely by an increase …