Grupo Codere closed Q1 2023 in a strong financial position according to the firm’s latest quarterly trading update, with Latin American markets key growth drivers. The multinational gambling group reported an year-on-year revenue uptick of 19% to €350m (Q1 2022: €283m), with adjusted EBITDA up 20% to €65m (€52m) with a margin of 19%, one percent higher than the year …
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Bill 035/2022 has been approved by the Economic Commission of Chile’s Chamber of Deputies, making progress on the regulation of an online gambling framework for the country. Initially drafted in March 2022 by the Ministry of Finance, the legislation had been referred to the Economic Commission for an inspection of its tax framework to address concerns by policy stakeholders. This …
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The Brazil market has been the one to watch over the last few years. With a sports-centric population and an inherent love for football, it comes as no surprise to hear that Twain Sport has big plans in place to deliver its hybrid sports products to bettors across the country. Andreas Koeberl, CEO of BetGames, sat down with SBC to …
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The Congress of Peru has sanctioned a series of amendments to its pending Gambling Law of 2022 to rectify loopholes in how online gambling will be regulated in the South American nation. These changes come following industry criticism of the initial hastily enacted legislation, which held several discrepancies and allowed gaps for potential tax evasion. In a vote that saw …
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Sports betting and igaming operator Novibet has launched a localised campaign this week to promote its presence in the key LatAm markets of Brazil, Mexico, Chile and Ecuador. The ‘Play in the new era’ promotion has, said the firm, been “amplified by strategic partnerships in each market. Featuring the football superstar Arturo Vidal, the launch campaign ‘Play in the new …
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The newly formed Brazil Institute for Responsible Gaming (IBJR) has warned the government that its proposed measures to regulate sports betting carry ‘unnecessary market risks’. The new trade body – which formed this May and carries the membership of bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, NetBet Group, KTO Group, and Rei do Pitaco – has written to …
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The International Cricket Council (ICC) has charged West Indies cricketer Devon Thomas with seven counts under the Anti-Corruption codes. The 33-year-old has been provisionally suspended on behalf of Sri Lanka Cricket (SLC), the Emirates Cricket Board (ECB) and the Caribbean Premier League (CPL). In detail, the charges relate to ‘contriving or being party to an agreement to fix or attempt …
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Over the last few years, we’ve seen swathes of gambling operators eye up new opportunities across Latin America – a trend that is showing no signs of slowing down. To discuss the potential opportunities for sports betting companies across this region, LSports has launched a new report entitled ‘Opportunity knocks: all you need to know about the rapidly growing sports …
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Twain Sport has debuted in Brazil and Ontario with Betano, the sportsbook operator of Greece-based international firm Kaizen Gaming. The BetGames-owned sport vertical’s rollout with Betano also marks a Latin American first whilst strengthening the existing Canadian presence for it’s format of 24/7 hybrid sports. BetGames CEO, Andreas Koeberl, stated: “We’re hugely ambitious with Twain Sport – it’s a product …
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Issue 26 of SBC Leaders Magazine takes a whistle stop tour of the world of betting and gaming, with features looking at the markets in Italy, Romania, Greece, Brazil and Japan, among others. The front cover interview takes us to Italy, where SKS365 CEO Alexander Martin details how the company coped with lockdown and the steps it has taken to …
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