South America

South American News

Interested operators ‘expected to grow’ as Brazil gambling bill signed

SBC News Interested operators ‘expected to grow’ as Brazil gambling bill signed

A total 134 betting firms have now expressed interest in operating in Brazil, with the market looking set to become one of biggest in the world. Prior to the new law that was passed to regulate sports betting and online gaming, some interested gambling companies included; Kaizen Gaming (Betano), 1XBET, Meridianbet, Pixbet, Betfair, LeoVegas, Betway and Draftkings. Further operators also …

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Betsson kicks off front-of-shirt sponsorship with Colombia’s Atletico Nacional

SBC News Betsson kicks off front-of-shirt sponsorship with Colombia’s Atletico Nacional

Swedish betting operator Betsson has announced that it is now the main sponsor of Colombian football club Atletico Nacional. Strengthening the bookmaker’s footprint in Latin America, the new deal will see the company’s logo being placed on the front of the team’s men’s and women’s jerseys for the next three years.  Atletico Nacional was first established back in 1947, and …

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Codere appoints PKF Attest to audit 2023 accounts

SBC News Codere appoints PKF Attest to audit 2023 accounts

Grupo Codere SA has appointed PKF Attest to serve as the principal auditor of the gambling group in the Spanish and South American markets. The Spanish unit of PKF Attest will replace EY, which in 2023 severed ties with Codere, ending its seven-year tenure as an independent auditor, having overseen audits on consecutive debt refinances needed to maintain Codere’s embattled …

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Lula signs Brazil Sports Betting Bill into federal law

SBC News Lula signs Brazil Sports Betting Bill into federal law

President Luiz Inácio ‘Lula’ da Silva has signed Bill PL3626/23 into law, which will establish the regulatory framework for Brazil to launch its federal sports betting marketplace. Authorised by Lula on Saturday, December 30, the president’s endorsement completes the legislative process, steering clear of the 2022 impasse when former President Jair Bolsonaro withheld federal sign-off of sports betting. The Workers’ …

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Novibet focused on international growth strategy

Novibet CEO George Athanasopoulos

There are few industry challenges that Novibet CEO George Athanasopoulos has not faced in the last two years, he told Issue 28 of SBC Leaders magazine, but the business remains on a significant growth path as it expands into new markets far away from its European base.  ——————————————————- Anyone at the head of an ambitious business can expect to be …

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IBIA to hit ground running on sports integrity post-Brazil market launch

SBC News IBIA to hit ground running on sports integrity post-Brazil market launch

The International Betting Integrity Association (IBIA) has welcomed the adoption of the sports betting law by the Brazilian Chamber of Deputies.  Having been approved by legislators and now awaiting signature from President Lula da Silva, the law introduces an effective regulatory and licensing system for operators in the country for both sports betting and online casinos. This also includes a …

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VBET named European betting partner of Argentina National Team

SBC News VBET named European betting partner of Argentina National Team

VBET has formed a regional partnership with Argentina National Team through a deal with the Argentina Football Association (AFA). Extending across marketing and branding initiatives, the pair have outlined how the three-year alliance is poised to ‘redefine the sports and betting landscape’, as well as ‘usher in a new era of unparalleled engagement’. Aragats Asatryan, VBET CEO, said: “This partnership …

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Brazil Deputies reauthorise casino modalities for Lula’s final sign-off  

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

Brazil will launch a federal sports betting marketplace, which will include modalities to regulate online casino games. Yesterday, the final session of the Chamber of Deputies approved Bill PL3626/23 to be sent for its federal sign-off from President Lula da Silva.  Bill PL3626/23 was returned to the Chamber of Deputies on 13 December following an inconclusive review by the Senate, …

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