Tag Archives: brazil

New developments in Brazil see the Secretariat of Awards and Prizes (SPA) publish the ‘Normative Ordinances’ related to payment authorisations, required to establish the general rules that operators of sports betting and online gaming in the country must abide by for financial transactions. Titled as ‘the Payment Ordinance‘, the framework dictates that deposits, withdrawals, and prize payments can only be …

The Senate of Brazil is set to debate further changes related to gambling, as a project is re-submitted to apply federal rules on land-based casinos, horseracing, and the sale of jogo do bicho (instant win games). Brazil’s Senate Agency has confirmed that project 2,234/2022, which seeks to determine federal rules for land-based gambling activities, will be debated by the Constitution …

Entain Plc remains focused on accelerating operational efficiency, aiming to return its business to growth by 2025. Publishing its Q1 2024 trading update, the FTSE100 gambling group stated that its “performance aligned with expectations,” with leadership prioritising operational performance improvements to drive organic growth. Period trading saw group net gaming revenues (NGR), including the BetMGM JV, increase by 6% on …

eCogra has been certified as a ‘technical assurance’ agency by the Secretariat of Betting and Prizes (SPA), the supervisory authority of Brazil’s imminent Bets market. Ordinance 588 published by the SPA declares eCogra as a certified laboratory to carry out technical assessments of betting systems, platforms, gaming studios, and lottery terminals for the Bets market. Founded in 2003, eCogra provides …

After a lengthy off-season spanning the entirety of Q1, the Brazil Serie A campaign finally got underway at the weekend. One of Latin America’s most-watched leagues, Serie A will captivate a nation which is hooked on football and celebrates the sport as a cultural cornerstone rather than a hobby or pastime.  The 2024 season will throw up several intriguing storylines. …

The Ministry of Finance of Brazil has outlined plans and a timetable to establish the regulatory policy of the Prizes and Betting Secretariat (SPA), the government agency that will serve as the regulatory authority of the betting market. Latest developments to progress the launch of the betting market, establishing a federal sports betting and online gambling marketplace in Brazil, saw …

The Senate of Brazil is scheduled to debate and vote on whether to ban celebrities, athletes, and social media influencers from promoting gambling and betting services. This afternoon, the Sports Commission of the Senate will review the modalities of Bill (PL) 3.405/2023 put forward by Federal Deputy Ricardo Ayres, a member of the Republicanos Party (RP). The Bill calls for …

In the aftermath of a successful SBC Summit Rio, Dotan Lázar, CEO of LSports, assesses the challenges facing sportsbooks within Brazil following a landmark development last year. On December 30, 2023, Brazil witnessed a historic moment as President Lula sanctioned Law 14790, marking the finalisation of sports betting regulation. According to reports, over 100 businesses have shown interest in applying …

Betano is set to replace Assaí as the title sponsor of Campeonato Brasileiro Série A in a three-year deal. According to reports, the Confederation of Brazilian Football (CBF) will receive around 80 million Brazilian reais (£12.5m) per season. Assai’s last contract with Serie A was renewed at about $10m per season. The Kaizen Gaming-owned operator already holds the naming rights …

The Brazilian National Association of Games and Lotteries (ANJL) has appointed Plínio Lemos Jorge as the new president after the end of Wesley Cardia’s one-year tenure as head of the organisation. Lemos Jorge, who is also a lawyer at Lemos Jorge Advogados Associados, holds a master’s degree in Tax Law, a PhD in Business Law, and boasts previous experience as a …