South America

South American News

Coljuegos welcomes Dr Libos Zúñiga as new President

SBC News Coljuegos welcomes Dr Libos Zúñiga as new President

The government of Colombia has confirmed the appointment of Dr Libos Zúñiga as new President of federal gambling authority Coljuegos.  Zúñiga, who is well-versed in economics, presently holds the role of deputy director of fiscal policy at the Ministry of Finance and Public Credit. His prior roles at the Ministry have included advising on the retail sector and tax policy. …

Read More »

Rivalry’s Brazil creator marketing continues with Tribo addition

Rivalry’s Brazil creator marketing continues with Tribo addition

International esports operator Rivalry has continued to lay foundations in Brazil ahead of market regulation, partnering with Tribo, a Counter-Strike content group. The company, based in Toronto and active in the regulated markets of Ontario and Australia, will conduct campaigns and activations with Tribo members Alessandro ”Apoka” Marucci, André “Liminha” Kenzo, Fillipe “BT” Moreno, Victor “VelhoVamp” Taube and Jean “mch” …

Read More »

Brazil to tighten laws on betting integrity, prize authorisation and tax allocations 

Brazil’s IBGR lambasts Lula administration’s betting tax ‘burden’

Yesterday afternoon, Brazil’s federal government notified agencies of its imminent plans to publish provisional measures required to regulate a fixed-odds sports betting market.  Via SBCNoticias, further developments have been uncovered in relation to the regulatory development of Brazil’s pending sports betting regime, with measures drafted by the Ministry of Finance and due to be endorsed by President Lula da Silva. …

Read More »

Brazil publishes provisional measures on Betting Tax & Market Safeguards

SBC News Brazil publishes provisional measures on Betting Tax & Market Safeguards

The Federal Government of Brazil has informed stakeholders and agencies about its imminent proposal to regulate a fixed-odds sports betting regime. A provisional notice has been published on the government’s website, outlining the proposed rules and measures drafted by the Ministry of Finance. These measures aim to regulate Brazilian sports betting. The proposal will engage multiple ministries, including Planning, Management, …

Read More »

Brazil trade group copies UK model on betting advertising  

SBC News Brazil trade group copies UK model on betting advertising  

The newly formed Brazilian Institute for Responsible Gaming (IBJR) has announced a self-regulated code for betting advertising, titled the “Brazilian Code for Advertising Self-Regulation”, published in anticipation of the government concluding its federal framework to legalise sports betting.  The advertising code was announced as the first major initiative of the Trade Body that was officially formed on 9 May in …

Read More »

James Kilsby: VIXIO MAT is a game changer for regulatory intelligence

SBC News James Kilsby: VIXIO MAT is a game changer for regulatory intelligence

This May, VIXIO Regulatory Intelligence launched its Market Assessment Tool (MAT) –  a first-of-a-kind device providing a comprehensive overview of over 140 global gambling jurisdictions for all stakeholders. Central to MAT’s development, SBC gets the full breakdown from VIXIO VP & Chief Analyst James Kilsby on delivering a +2-year project to match the industry’s intelligence demands for an evolving and …

Read More »

Coljuegos leaderless as Colombia faces civil service fallout

SBC News Coljuegos leaderless as Colombia faces civil service fallout

Roger Carrillo Ocampo has officially resigned as President of Coljuegos, the gambling authority of Colombia.  Carrillo Ocampo was among senior civil service officials to reject President Gustavo Petro’s plans to overhaul Colombia’s public healthcare system, which remains stuck in Congress. A Conservative Party member and experienced administrator, Carrillo Ocampo was appointed by the Ministry of Finance to serve as President …

Read More »

IBIA enhances integrity of Brazil’s ‘dynamic and competitive’ betting market

SBC News IBIA enhances integrity of Brazil’s ‘dynamic and competitive’ betting market

The International Betting Integrity Association (IBIA) has announced that it is expanding its integrity monitoring and wider anti-match-fixing operations in Brazil.  The decision comes in response to new government regulations, the ‘rapid growth’ of the Brazilian sports betting market as well as IBIA data confirming that the country’s sport is a regional target for criminal match-fixers.  Khalid Ali, IBIA CEO, …

Read More »

GG.BET amps up LatAm standing with Gaules esports partnership

GG.BET amps up LatAm standing with Gaules esports partnership

Esports betting company GG.BET has partnered with Brazilian esports streamer Gaules, in doing so securing an official agreement with a broadcast of the BLAST Paris Major. The Ukraine-founded company will become the official betting partner of the Brazilian Portuguese language streams of the BLAST Paris Major, which will be distributed va Gaules’ – real name Alexandre Borba Chiqueta – Twitch …

Read More »

Codere reports on stable 2022 as focus turns to liquidity injection 

SBC News Codere reports on stable 2022 as focus turns to liquidity injection 

A restructured Grupo Codere has announced that it has “fully consolidated its corporate recovery,” as the group’s financial results match or outperform its 2019 post-COVID performance. In its full-year 2022 trading update, the Spanish multinational gambling group reported corporate revenues of €1.31bn, reflecting a 68% growth on FY2021 results of €791m and an exact like-for-like match on FY2019 revenue performance. …

Read More »