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Industry
August 16, 2024
MGM, Grupo Globo Form Joint Venture to Enter Brazil’s Betting Market
The leading gaming, betting and hospitality company, MGM Resorts International, announced a major move toward the gambling sector in Brazil. On Thursday, the company announced a new collaboration with Latin America’s largest media group, Grupo Globo, for the formation of a new venture that will seek an iGaming and sports betting license in Brazil. The […]
Business
August 6, 2024
Nuvei Acquires Licensed Brazilian Payment Institution
Nasdaq-listed, Canadian fintech company Nuvei Corporation has entered into a definitive agreement to acquire licensed Payment Institution Pay2All. The decision, considered a strategic milestone for the company, is expected to improve Nuvei’s capabilities in the domestic market in Brazil while strengthening its commitment to the Latin American (LATAM) region. The license of the Central Bank […]
Industry
August 5, 2024
Brazil Enhances Gambling Advertisement Regulations
The Brazilian government has published new rules and provisions governing how fixed-odds betting businesses advertise their products, specifically concerning the use of social media influencers. The new requirements were introduced via Ordinance SPA/MF No. 1,231/2024 and represent another vital milestone in Brazil’s efforts to modernize its gambling market. Regulations Reflect Evolving Market Realities The new […]
Business
August 1, 2024
Playson Secures B2B License from Peru’s MINCETUR
Playson, one of the leading suppliers of digital entertainment, has expanded its geographical footprint, securing approval to launch its games in Peru. The foray into yet another Latin American country aligns with the company’s ambition to reach even more players with its cutting-edge games. Playson Worked Tirelessly to Fulfill MINCETUR’s Requirements Playson said that it […]
Business
July 17, 2024
CIRSA Takes Lead in Peru After Acquiring 70% Stake in Apuesta Total
The Blackstone-owned group that aims to be a “global leader in the leisure and entertainment sector through a commitment to society, excellence, profitability, and efficiency,” CIRSA, has announced it acquired a 70% stake in Peru’s most successful sportsbook, Apuesta Total. As a result of the acquisition, CIRSA has become the majority shareholder of the entertainment […]
Industry
July 2, 2024
Buenos Aires Suspends Issuing Online Casino Licenses
The Autonomous City of Buenos Aires, Argentina, announced it has decided to stop issuing online casino licenses amid mounting concern about underage gambling. The City of Buenos Aires launched its iGaming market back in 2020. At the time, the gambling regulator, LOTBA, permitted the expansion of online gambling activities across the city, paving the way […]
Industry
July 1, 2024
No Need to Rush on the Casino Bill Vote Until August, Brazil’s Senate Says
Brazil, the country that took center stage in gambling regulation in February after completing the regulation process and finding the right mix between player protection and commercial interests, is on the verge of seeing land-based casinos get finally regulated. The legislation that also covers horse racing, instant win jogo do bicho games, and bingo is […]
Industry
June 21, 2024
Brazil Commission Approves Casino and Bingo Bill Amid Ongoing Reforms
Brazil continues to reform its gambling framework amid efforts to expand the industry. Pro-gambling activists just marked a major victory as bill 2,234/2022 was approved by the Senate’s Constitution and Justice Committee. With 14 votes in favor of the measure and 12 votes against, the measure could usher in land-based casino gaming and instant win […]
Industry
June 12, 2024
Senator Irajá Believes Brazil’s IRs Can Raise Up to $ 7.5bn
The wind of change is blowing over Brazil as the trend aimed at the legalization of gambling is getting more and more backed up by voices using the revenue argument. During an interview for Brazil’s important outlet for economy, finance, and business, Valor Econômico, senator Irajá Silvestre Filho said the country could record revenue of […]
Sports
May 27, 2024
2024 Copa America Outright Winner Odds, Time, and Prediction
Sixteen national teams from the Americas will come to the United States to take part in the 2024 Copa America. The tournament starts on June 20 and ends on July 14. Which team will end up lifting the trophy? See what we think by reading this 2024 Copa America preview! Copa America 2024 Winner Odds […]
