Tag Archives: brazil

New business contracts boost Intralot confidence for 2016

Posting its full-year 2015 corporate performance, Athens listed gambling and lottery technology provider Intralot SA declared a net earnings declined to €25.7 million, down 30% on FY 2014’s €36.5 million. Despite the decrease in group earnings, Intralot governance remained pleased with 2015 performance citing that the company had gained new contracts (US, Netherlands, Brazil and Morocco) in challenging market conditions. …

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Brazil lawmakers advance Bill 186, however scepticism remains regarding national gambling framework

Brazil’s long road to regulating online gambling services has received a further boost as its House of Representatives have approved amendments to Bill 186, which aims to introduce a new national industry framework. To date, Brazil law makers have kept their promise of reviewing the bill’s national agenda, which was put forward to House of Representatives in December 2015. Drafted …

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GVC Holdings records strong 2015 performance ahead of bwin.party merger

This morning London AIM listed betting operator GVC Holdings (GVC) issued a corporate trading update for its full year 2015 performance (period ending 31 December) Ahead of its merger with bwin.party Entertainment, GVC reported Net Gaming Revenues (NGR) of €247 million (£184 million) up 10.2% on FY 2014’ €224 million (£167 million). The operator further detailed that during 2015 it …

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Brazil allows for gambling debate but national framework still faces long road

The Brazilian off and on approach to regulating gambling appears to be on again after a special review committee for the Brazilian Senate progressed the legislative agenda for a regulated national betting industry. The idea of regulating gambling in a country that banned bingo reletively recently in 2007 was mooted earlier this year as the government faced a fiscal crunch. …

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Scott Longley – BRIC’s decay impacts regulatory debate

With the cash strapped governments of the once mighty BRIC nations, seeking to implement new economic policies to boost their dwindling funds. Scott Longley examines how the current BRIC downturn will impact betting’s regulatory debate and progress amongst emerging economies  _______________________ Like a worried bunch of Chicken Little’s, the economic commentaries have been busily scaring the world’s markets with the doleful …

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PMU enters Brazil venture with Jockey Club Brasileiro

French race track operator Pari Mutuel Urbain (PMU) has entered the South American racing market by announcing a joint venture with Jockey Club Brasileiro (JCB). The venture will bring to life new subsidiary PMU Brasil. PMU governance stated that its partnership with JCB, would aim to modernise Brazil track racing. PMU management systems will be utilised to operate wagering and monitoring …

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Brazil rethinks gambling agenda as recession looms

A month after stalling the progress of its review on regulated fixed-odds sports betting (Legislation – 671-2015), it appears that Brazilian lawmakers and congress are prepared to push for a nationwide gambling regulatory framework. Faced with the nation’s worst economic recession in 25 years, Brazil’s central bank last week forecasted that its economy will shrink by 2.5-2.7%. The cash strapped …

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Brazil expects delays as Dilma stalls betting legislation

Brazilian President Dilma Rousseff has stalled the progress of Legislation 671-2015 for the provisions of regulated fixed odds sports betting, citing that law makers needed more time to review its framework and context. Presented to President Dilma for sanctioned sign off at the start of July, the legislation had been approved for progress by Brazil’s Senate. The legislation would look …

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Brazil approves draft legislation for licensed sports betting

Brazil’s Senate has progressed draft legislation 671-2015 which will look to introduce regulatory provisions and a national framework for fixed odds sports betting. Current Brazilian gambling legislation allows for wagering on land based lottery, bingo and licensed horse racing events. Brazilian media sources have commented that the draft legislation was progressed due to the Senate’s raising concerns regarding the popularity …

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Neymar Jnr joins team PokerStars

Amaya Gaming poker subsidiary PokerStars has confirmed Barcelona FC and Brazil international football star Neymar Jnr as its new poker ambassador. The popular football star will promote PokerStars Academy., as the operator looks to extend its coverage and presence in the Latin and South American poker markets “Neymar Jr is one of the brightest stars in the sporting world and PokerStars …

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