Tag Archives: brazil

Caixa chairman seeks to offload Brazil lottery assets by 2021

Pedro Guimarães, the Chairman of Brazil’s federal bank – Caixa Economica Federal (Caaix), has stated that the government maintains its objective of ‘privatising five Caixa subsidiaries by 2021’. Guimarães made his statement to Brazilian business journal Metropoles, revealing that his office had identified Caixa ‘Loterias’ (lotteries), ‘Seguradora’ (insurance) and ‘Central’ (credit agency) as three divisions that will be privatised or …

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Brazil backs betting reforms for its pandemic recovery programme

Brazil’s Council of the Investment Partnerships Program (CPPI) met last week with President Jair Bolsonaro and Economic Minister Paulo Guedes to discuss new projects to boost the nation’s economic recovery from COVID-19 impacts. The CPPI has decided to include sports betting in its  ‘PPI recovery program’, with the aim of creating new jobs and mitigate the negative consequences caused by the pandemic. According to BNL Data, …

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Brazil confirms new SECAP leader but remains hush on betting prospects

Brazil’s government has confirmed the appointment of Nelson Leitão Paes as ‘acting secretary-general’ of SECAP, the agency leading Brazilian public policy development for the agriculture, energy and lottery sectors. The appointment follows the abrupt departure of former incumbent Alexander Manoel, who resigned from SECAP leadership in January after choosing to no longer work for the government. Leitão Paes’ appointment has …

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Suaposta rebrands to reposition for Brazil’s new horizons

Brazilian online racebook Suaposta has revealed its new brand identity, as the heritage firm transitions to a new era becoming a sportsbook property of Betsson AB. Since 2012, Suaposta has operated as Brazil’s sole regulated online wagering platform offering bets on horseracing licensed by The Ministry of Agriculture and Livestock, operating in partnership with Rio Grande do Sul Jockey Club. …

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Betcris nets Brasileiro Série A sponsorship

South American legacy sportsbook Betcris and the Campeonato Brasileiro Série A (Brazilian Championship A Series) football league have signed a multi-year sponsorship agreement this week. The deal is expected to run until the end of the 2023 season. During the first year, Betcris will advertise its gaming services on all 361 series games, of which 76 will be aired on national broadcaster Globo TV’s free-to-air network. …

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NSoft or strict rules: Outcome-based vs prescriptive regulation

NSoft

Zlatan Omerspahic, Head of Legal and Compliance at NSoft, delivers a regulatory overview of the gambling industry, including key learning points from 2019 and what to expect in 2020. It is very difficult to find an industry that is changing as fast as the gambling industry, due to all the technological changes. Also, the existence of generally strict rules provides …

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Andre Gelfi – Suaposta strengthened by Betsson’s Brazilian intent

Andre Gelfi, CEO of Brazilian racebook Suaposta, has backed Betsson AB’s early mover advancements, despite facing significant unknowns related to Brazil’s future sports betting make-up. Closing 2019, a refinanced Betsson sanctioned the purchase of a 75% stake in Suaposta, Gelfi’s online racebook licensed by Brazil’s Ministry Agriculture and Livestock in partnership with Porto Alegre’s heritage  ‘Rio Grande do Sul Jockey …

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Brazil sends football envoy to learn Spanish betting safeguards

A special delegation of Brazilian politicians and football executives will travel to Spain next week to research the country’s legislative frameworks governing sports betting. The envoy will be led by Rodrigo Maia, President of Brazil’s Chamber of Duties, and Reinaldo Carneiro Bastos, President of the São Paulo Football Federation. During the visit, Brazilian executives will research Spanish football’s safeguards related …

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SECAP resignation casts doubts on Brazilian betting progress

The progress of Brazil’s planned federal sports betting framework has been cast into doubt following the resignation of Alexander Manoel, Secretary of SECAP – Brazil’s public policy and planning agency for Energy & Lotteries. This week, Brazilian industry news source Games Magazine reported that Manoel had chosen to resign as leader of SECAP, the department tasked with developing the legislative …

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Martin Lycka: My letter to Gambling Santa

In the latest of a series of columns on international gambling legislation, GVC Holdings Director of Regulatory Affairs Martin Lycka pens a letter to the Santa of Gambling and hopes that, for a change. the industry is on the ‘good’ list.  Dear Gambling Santa, My name is Martin and I am probably a little too old to write to you. …

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