August 2021

Sports betting lifts Spain’s GGR

first_img Gross gaming revenue in Spain increased quarter-on-quarter by just 2.33% in the three months through to the end of June, with the inevitable spike in sports betting in relation to the Fifa World Cup seemingly at the expense of poker.The country’s gambling regulator, the Dirección General de Ordenación del Juego (DGOJ), reported that GGR for the three months was €167.2m (£151.3m/$195.1m) – a year-on-year increase of 40.15% and a marginal increase on the first three months of 2018.Of the total, €87.6m was placed in bets (52.4%), €56.52m was accredited to casino revenue (33.8%), poker raised €19.45m (11.63%), €3.28m was generated by bingo (1.96%) and €340,000 was generated by competitions.Sports betting increased by 32.75% in comparison with the previous quarter, contributing towards a 7.07% quarter-on-quarter rise for the vertical and a 46.68% year-on-year increase.Online poker, however, decreased by 9.4% quarter-on-quarter following a significant rise in the first three months of the year following a shared liquidity pact between Spain and France. Portugal joined the pact in May.As reported yesterday (Tuesday) by iGamingBusiness.com, the DGOJ’s counterpart in Portugal, the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), reported a quarter-on-quarter increase in poker’s share of total GGR of 18.6% to 20.4%, with cash games and tournament poker representing 15.3% and 5.1%, respectively.However, in Spain there is still clear evidence of significant growth, which will only be boosted further by the decision earlier this summer by the country’s regulators to slash tax rates for online gambling operators, with GGR being cut by 25% to 20%.Marketing expenditure in the second quarter rocketed by 55.22% year-on-year to €81.3m, with the number of monthly active users rising by 31.74% to nearly 860,000. Bingo Topics: Casino & games Finance Sports betting Bingo Poker 29th August 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Southern Europe Spain Sports betting lifts Spain’s GGR Tags: Card Rooms and Poker Online Gambling Poker revenue rise stalls as World Cup fever takes over Subscribe to the iGaming newsletter Email Addresslast_img read more

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Spain’s Red Rake secures UK supplier licence

first_img9th January 2019 | By contenteditor Tags: Mobile Online Gambling Subscribe to the iGaming newsletter Game developer’s UK-licensed clients include SBTech, Marathonbet and Betsson Regions: UK & Ireland Spain’s Red Rake secures UK supplier licence Topics: Casino & games Legal & compliance Tech & innovation Table games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Red Rake Gaming is to begin offering its gaming content to both new and existing customers in the UK after securing a remote gambling software licence in the market.The games developer has already tested and certified its first batch of content in line with UK Gambling Commission standards, and plans to launch these titles in the coming weeks.Based in the Spanish city of Valencia, Red Rake is now in the process of certifying a second batch of games in order to offer a wider range of content under its new licence. The supplier’s portfolio includes various slots, video bingo and video poker titles, as well as blackjack games for online and mobile.Red Rake already works with various UK-licensed operators in other regions and will now be able to offer its gaming content to these companies in the UK. Existing Red Rake clients that hold UK licences include Betsson, BetConstruct, iSoftBet, Marathonbet, Pariplay and SBTech.“Acquiring the licence to operate in the UK market is a great step in our regulated strategy for 2019,” Red Rake managing director of Malta operations Nick Barr said.“It will have an immediate impact as many of our customers have UKGC licences and they will be able now to offer our games to their UK player base.”Barr, who joined Red Rake from Genii in August 2018, added that the licence would enable the developer to further grow its client base, revealing it has had requests for content from various UK-focused operators.Upon taking on his role at Red Rake, Barr outlined his desire to take the company into new markets. At the time, the developer was active in Spain and Italy but has since also secured licences in Portugal, Romania and now the UK.As part of this expansion strategy, Red Rake in September appointed Javier Marti as its new commercial chief. Marti previously served as key account manager at NetEnt. Email Addresslast_img read more

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Gambling operators face new UK advertising controls

first_img Gambling operators face new UK advertising controls Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Marketing & affiliates Sports betting Bingo Poker The UK’s Advertising Standards Agency and Committees of Advertising Practice have published a list of new standards designed to protect children and young people from irresponsible gambling adverts. Bingo Betting and gaming operatorsin the UK face a number of new restrictions on advertising after the Advertising Standards Agency (ASA) and Committees of Advertising Practice (CAP) published a revised list of standards designed to protect children and young people. The new standards prohibit online gambling ads targeting individuals who are likely to be under 18, based on data about their online interests and browsing behaviour. The ASA and CAP also list types of content now deemed unacceptable in these ads, including animated characters, licensed characters from movies or TV and sportspeople and celebrities that are likely to be of particular appeal to children. References to youth culture are also prohibited. Operators will also no longer be able to feature sportspeople, celebrities or other characters who are or appear to be under the age of 25 in their ads. The standards add to existing guidance on the responsible targeting of adverts across all forms of media, including social networks and other online platforms, with operators required to take action to ensure their ads are not targeted at under-18s. This includes using all available tools to prevent targeting their ads at under-18s on social media platforms. The standards give examples of ad targeting facilities provided directly by the platform, as well as tools that restrict under-18s’ access to marketers’ own social media content. Operators should also ensure gambling ads do not appear on parts of a website that particular appeal to under-18s, while gambling-like games or games that feature elements of simulated gambling activity should not be used to promote real-money gambling. The standards also require operators to take care when identifying influencers to promote products or brands and that under-18s are not likely to comprise more than 25% of the individual’s audience In addition, operators must ensure that any affiliates or other third parties acting on their behalf are running advertising in compliance with the new rules. “Playing at the margins of regulatory compliance is a gamble at the best of times, but for gambling advertisers it’s particularly ill-advised, especially when the welfare of children is at stake,” CAP director Shahriar Coupal explained. “Our new standards respond to the latest evidence and lessons from ASA rulings, and require that greater care is taken in the placement and content of gambling ads to ensure they are not inadvertently targeted at under 18s.” The new advertising rules will come into effect in the UK from April 1 this year. The move come after the ASA recently issued a warning to Gibraltar-based operator Tombola after it used the official mobile app for television programme ‘I’m A Celebrity Get Me Out Of Here’ to promote its gambling products. In its ruling, the ASA said under-18s would’ve downloaded the app and therefore had access to the gambling adverts and their subsequent website links. The ASA also said there were no mechanisms built into the app to target ads towards, or direct them away from certain groups of users, including under-18s. The ASA ruled said the ads must not appear again in their current form, without specific targeting, while the regulator also told Tombola to ensure its ads are appropriately targeted in future. 13th February 2019 | By contenteditor Regions: UK & Ireland Tags: Card Rooms and Poker Mobile Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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Q&A: Warren Steven, Golden Nugget

first_img Golden Nugget’s senior director of product and operations Warren Steven speaks to iGB about the slots strategy that has helped it establish an unassailable lead in New Jersey’s igaming market Q&A: Warren Steven, Golden Nugget Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US New Jersey Topics: Casino & games 11th June 2019 | By Stephen Carter Subscribe to the iGaming newsletter Golden Nugget’s senior director of product and operations Warren Steven speaks to iGB about the slots strategy that has helped it establish an unassailable lead in New Jersey’s online gaming marketWhat marks out the Golden Nugget iGaming offering as being particularly attractive to players? Do you feel this is largely down to the games on offer, or the way in which they are presented to players? The Golden Nugget product and games offering go hand in hand in the attractiveness to the player. You cannot have one without the other and if the balance shifts vs the market then it will negatively affect the overall player satisfaction. You cannot offer the largest portfolio of games without quality UX that allows players to effectively navigate, find, highlight and filter content.How important is discoverability – do players tend to focus on games they know from the casino floor, or are they looking for something they have never played before? We see that new players will initially gravitate to what is familiar to them and those will be recognisable casino floor games. Many of the long tail games, which stick around the top rankings, are familiar casino floor games. However, we do have many outliers from online only games that gather a strong number of supportive players in the early days of the launch due sticky math models and rich bonus features. How does this influence the placement of titles on your site? Do you look to simply populate the pages with the best-performing games, or do you tailor this to promote certain titles? We let the performance of the games control the positioning on our site, but more importantly, we give the games enough time in the key sections to gather enough data to determine its ranking. We use a combination of figures to determine a ranking scale, which then determines the positioning. What games have proved particularly successful for you in New Jersey? Are there any surprises, or are certain games just a hit wherever they are offered? Quality land-based and local jackpot games stick around our top rankings, but there are certainly a few surprise performers. The Golden Nugget Casino team seldom openly make bold predictions on games being top performers. Seasoned casino operators will likely tell you that they may have expected a new game to crush it, and it underperformed, and some games were set to be poor and have crushed it. How has the growing diversity of the slot development space affected you? Do you feel there’s a risk of 90% of games being buried, considering the sheer numbers most operators now offer? There is certainly a risk of games being buried due to the volume of content. However, the onus is on the operator to ensure the players have the website tools available to explore, discover and experiment. We see games drop off the rankings all the time and then suddenly pop back up in the top positions due to the ease of use of our site. We also feel strongly about making it easy to allow players to ‘try before you buy’, which is demo mode. This allows the player to quickly, and without restriction, get a feel for any game before they make a real money wager. This is an exclusive extract of an interview available as part of the iGB subscriber offering. You can read the full version here Tags: Online Gambling Email Addresslast_img read more

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Sportech overhauls B2B management team

first_img Email Address Horse racing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sportech has made a number of changes to the leadership of the betting technology provider’s B2B division, which sees a number of staff from the recently acquired ilottery business Lot.to take on key positions. Regions: UK & Ireland Sportech has made a number of changes to the leadership of the betting technology provider’s B2B division, which sees a number of staff from the recently acquired ilottery business Lot.to take on key positions.The highest profile appointment sees Raj Sanjanwala named group chief technology officer, with responsibility for technology strategy B2B business lines.Sanjanwala joined Sportech as a developer in 1987, and has worked his way through the ranks to leadership positions, most recently serving as director of global tote development.Meanwhile Andrew Lindley, co-founder of Lot.to, which Sportech acquired in February this year, has been named group chief operating officer. Lindley previously served as general counsel for the UK Tote and was been involved in setting up lottery betting operator Lottoland. Lot.to’s other co-founder Julian Bewley will serve as group chief commercial officer. He has previously held executive and advisory roles for the likes of Zeal Network, 32Red and Caesars Palace.Serving under the new B2B technology chief Sanjanwala will be Lot.to’s Lewis Theobald, who will serve as chief of digital development, while March Bacha has been promoted to director of tote development and systems analysis. Finally Brett Underhill has taken on the role of director of tote development and support.In related news, Sportech’s Racing and Digital division has appointed Steve Gore as director of systems infrastructure. Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Sportech overhauls B2B management team Topics: Lottery People Sports betting Tech & innovation Horse racing 26th June 2019 | By contenteditorlast_img read more

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Kambi extends sportsbook deal with Cambodia’s NagaWorld

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting solutions provider Kambi has signed a multi-year extension to its sportsbook partnership with NagaWorld, a subsidiary of Cambodia-based hotel, gaming and leisure operator NagaCorp. Kambi extends sportsbook deal with Cambodia’s NagaWorld Sports betting solutions provider Kambi has signed a multi-year extension to its sportsbook partnership with NagaWorld, a subsidiary of Cambodia-based hotel, gaming and leisure operator NagaCorp.Under the renewed deal, NagaWorld’s two hotel properties in the Cambodian capital Phnom Penh will continue to benefit from Kambi’s suite of retail sports betting products, including self-service betting terminals.Kambi, which has been working with NagaWorld since 2014, will also increase the selection of live events it supplies to the group. The deal remains retail-only, meaning it is unaffected by Cambodia having put a halt to the issuing of igaming licences last week.“We are proud to be extending our deal with NagaWorld, an agreement which highlights the positive impact Kambi’s modern and entertaining retail service can have on casino properties,” Kambi’s chief commercial officer Max Meltzer said.“The NagaWorld sportsbooks have delivered consistent growth since collaborating with Kambi, and we look forward to continuing to enhance NagaWorld’s service offering to its sports betting customers to the benefit of both companies for years to come.”The renewal comes after Kambi last week also agreed to expand its existing supply arrangement with daily fantasy and sports betting giant DraftKings to cover eight additional US states.Image: Dmitry A. Mottl Sports betting Email Addresscenter_img Topics: Sports betting Regions: Asia Cambodia 30th August 2019 | By contenteditor Subscribe to the iGaming newsletterlast_img read more

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Webinar: How to on-board at-risk customers to self-exclusion and blocking sites

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Uncategorized The fifth episode of our Responsible Gambling webinar series discussing risk customers and self exclusion took place on Wednesday 11th December 2019. 4th October 2019 | By Topics: Uncategorized The fifth episode of our Responsible Gambling webinar series discussing risk customers and self exclusion took place on Wednesday 11th December 2019. In this webinar, our expert speakers will discuss: center_img Email Address Self-exclusion and blocking – what technology approaches are available and how can we define best practise? What information do you need to share with RG suppliers in order for them to assess the impact of the tools you are using and how you can improve? Understanding the data – what is the success rate of signups to these tools once an operator has clocked risk factors and intervened in a customer’s journey? What are the causes for this percentage being low?Towards collaboration: How should operators be collaborating with RG suppliers for a better working relationship to get1) this content presented effectively2) at-risk players better identified and3) a confirmed result (e.g. the player purchases and installs blocking software) Subscribe to the iGaming newsletter Webinar: How to on-board at-risk customers to self-exclusion and blocking siteslast_img read more

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Are Australians falling out of love with horse racing?

first_img Are Australians falling out of love with horse racing? Horse racing Subscribe to the iGaming newsletter Email Address Betting on the Melbourne Cup was subdued this year, with taxes and animal cruelty concerns affecting enthusiasm for the big race, reports Joanne Christie. Over the past couple of years, Australia’s biggest bookies have come under fire for failing to keep up with demand for bets for the country’s famous Melbourne Cup day.Last year, the ‘race that stops the nation’ also stopped the biggest operators, at least temporarily, with the websites of Sportsbet, Ladbrokes and Betfair all crashing shortly before the event.This year, however, there was an absence of headlines criticising the technology of bookmakers Down Under after last week’s event.One reason for this is likely to be that the bookies improved their systems to avoid further embarrassment. Scientific Games announced a record performance on its OpenBet platform for the event, with 35,000 bets per minute processed for one operator.Another reason, however, is potentially that less bets were being placed. Indeed, the news flow leading up to the event focused on bookies’ despair at being unable to make any money from what was once one of their most profitable events.Tabcorp, which has an exclusive licence to offer pari-mutuel betting in all of Australia’s main states and territories apart from Western Australia, reported a 7.8% fall in turnover on the race, with this year’s take of AU$106m (£56.3m) down from $115m last year.In a statement announcing the figure, the company said: “It should be noted that many factors influence racing turnover and turnover figures from a single race or meeting are not necessarily indicative of the broader wagering market.”However, the slump in Melbourne Cup betting followed a 24% drop in turnover at the Caulfield Cup, one of the other main events in the Spring Racing Carnival, according to the Melbourne Racing Club.Animal cruelty scandal hits hard One reason casual punters are shying away from racing is animal welfare concerns. In mid October, national broadcaster ABC aired a damning expose showing former racehorses being cruelly mistreated and slaughtered in its 7.30 progamme.“The timing of the recent ABC report on animal welfare issues may have had some impact on the spring carnival,” says Dean Shannon, CEO at Ladbrokes Australia. “I do think the racing industry in general has come a long way in terms of rehoming horses and animal welfare over the last few years [but] I think the racing industry needs to communicate this better to the general public.”Even before the programme, a debate was raging over the treatment of racehorses – animal rights campaigners claimed to have been behind Taylor Swift’s decision to pull out of performing at the Melbourne Cup, although the official reason given was a scheduling conflict.For more serious punters, however, it’s the odds on offer that are turning them off. Bookmakers in Australia have been hit with a wave of new point of consumption (PoC) taxes, which have now been rolled out across most of the nation’s states after first being introduced by South Australia in 2017.In January of this year, the country’s two most important racing states, Victoria and NSW, both introduced PoC taxes, of 8% and 10%, respectively.“The PoC is unnecessary and it’s breaking a model that was working just fine. The corporate bookmakers were already paying significant product fees, GST and company tax, it doesn’t make economic sense to introduce a new tax that then affects the other taxes/fees,” says Shannon.“The PoC tax is having a negative effect on turnover and the bookmakers here in Australia have had to lift our margins to try and compensate for the increase in tax. Higher margins mean less turnover.”Such has been the impact of the additional tax burden that earlier this year, TopSport, a low-margin bookie serving the big punters that many other bookies won’t, pulled a number of its products in Victoria, citing an inability to break even, let alone turn a profit, on some events.“In recent years, the wagering industry has borne witness to a rapid and rampant escalation in the fees and taxes payable by wagering operators to racing and licensing authorities. To compound the burden, the governments of each state and territory have now also chimed in with their quite heavy-handed point of consumption taxes.“The result is a taxation burden that can no longer be viably absorbed within our retained earnings under our current business model,” it said in an open letter.Switch in strategy Though PoC taxes are of course impacting all betting products and not just racing, when combined with the product fees applied to racing, which in some states are higher for the biggest events, it’s making some bookies rethink their strategy with regard to racing.“Another flow-on effect from this new PoC is that one of the main levers we have to pull to mitigate against the cost is to reduce advertising. This in turn will lead to less turnover,” says Shannon.“We are certainly looking at enhancing products and features around sports such as basketball , American football and AFL, and potentially channelling more marketing spend to support these sports.”This seems an entirely sensible approach and is one other operators appear to be following if their recent advertising campaigns are anything to go by.Even Tabcorp seems to be taking clear steps to expand its presence in other markets. This year it signed official partnership deals with America’s National Football League and National Basketball Association.The bookies may be refocusing to shore up their bottom lines, but the question then becomes what happens to the racing industry?Australia’s racing industry is almost entirely reliant on wagering – Tabcorp alone provides more than $1bn in annual funding to racing. If both bookies and punters are losing interest, the ramifications for horse racing Down Under could be dramatic. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Horse racing Tags: Race Track and Racino Regions: Oceania Australia Betting on the Melbourne Cup was subdued this year, with taxes and animal cruelty concerns affecting enthusiasm for the big race, reports Joanne Christie. 13th November 2019 | By Joanne Christielast_img read more

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UK Lib Dems call for ban on credit cards in gambling

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance UK Lib Dems call for ban on credit cards in gambling Tags: Online Gambling Payments Subscribe to the iGaming newsletter The UK Liberal Democrat Party have announced they will ban the use of credit cards for gambling if the party wins a majority in the country’s upcoming election on 12 December.Layla Moran, Liberal Democrat shadow spokesperson for Digital, Culture, Media and Sport, said problem gambling had become an epidemic in the UK.“Problem gambling often has a pernicious and incredibly sad impact on the lives of thousands of people up and down our country,” Moran said. “It is heart-breaking to see many vulnerable people fall further into debt as gambling becomes ever-more consuming.”Moran added that the current British government, led by the Conservative Party, had been slow to act in response to the effects of problem gambling. She pointed out that the government had initially dragged its heels over the implementation date of the Fixed-Odds Betting Terminal (FOBT ) stake limit, which came into effect earlier this year.“But, as ever with this mean-spirited government, the Conservatives have neglected the problem,” Moran said. “They had to be dragged kicking and screaming to support the Lib Dem-led initiative to reduce the maximum stake for FOBTs and have no interest in protecting the vulnerable any further.“Meanwhile, the Liberal Democrats will take bold and decisive action to tackle problem gambling.”In addition, the party said it will increase restrictions on gambling advertising, though it did not elaborate upon the details of this, and introduce a gambling ombudsman.The Liberal Democrats also called for a compulsory levy on gambling companies to fund research, education and treatment of problem gambling.Currently, many UK gambling operators pay voluntary contributions for this purpose to gambling charity GambleAware. However, in 2018-19, the charity fell short of its industry donation target of £10m, collecting £9.6m.In response, the UK’s “Big Five” operators – William Hill, GVC Holdings, Flutter Entertainment, Sky Betting & Gaming and bet365 – announced plans to increase their contribution from 0.1% to 1% of gross gaming yield in no more than five years.Earlier this month (4 November), the All-Party Parliamentary Group on Gambling-Related Harm called for a series of restrictions on online gambling in the UK, including a ban on the use of credit cards and the introduction of a gambling ombudsman. The Liberal Democrat release, however, said it would simply ban the use of credit cards for gambling, rather than highlighting online gambling.The APPG recommendations also included a £2 stake limit for online slot games, which drew significant backlash from the industry, including from GVC chief executive Kenny Alexander, who called the suggestion “ridiculous.”Since the House of Commons voted to hold a general election in December, the Liberal Democrats have received the support of between 11% and 17% of voters. At the 2017 general election, the Liberal Democrats won 12 seats out of the House of Commons’ total of 650  after receiving 7.4% of the national vote.In October, the Liberal Democrats called for an overhaul of the gaming sector’s approach to tackling responsible gambling, including an end to the slogan “When The Fun Stops, Stop.” The party said it believed the slogan was not effective and may be making the situation around prolbem gambling worse. 19th November 2019 | By Daniel O’Boyle Email Address Regions: UK & Ireland Legal & compliance The UK Liberal Democrat Party have announced they will ban the use of credit cards for gambling if the party wins a majority in the country’s upcoming election on 12 December.last_img read more

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Betsson acquires stake in Brazilian sports betting operator

first_img Subscribe to the iGaming newsletter Sports betting Tags: Mobile Online Gambling Regions: LATAM Brazil AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Betsson acquires stake in Brazilian sports betting operator Topics: Sports betting Strategy 11th December 2019 | By contenteditor Betsson has confirmed that it has acquired a 75% stake in the Brazilian sportsbook operator Suaposta, ahead of the country’s government passing sports betting regulations. Betsson has confirmed that it has acquired a 75% stake in the Brazilian sportsbook operator Suaposta, ahead of the country’s government passing sports betting regulations.While the terms of the deal are yet to be disclosed, the Stockholm-listed operator told iGamingBusiness.com that the deal would put Betsson in the “best position for the upcoming and expected re-regulation of the Brazilian sportsbook market”.Suaposta claims to be the only brand currently licensed to offer sports betting in Brazil. It operates in partnership with the Rio Grande do Sul Jockey Club, which is licensed by the Brazilian Ministry of Agriculture, Livestock and Food Supply.The brand was relaunched in 2018, following a successful management buy-out from Codere.Partis, the consultancy and M&A advisory practice that served as exclusive advisor and broker to Supaposta for the transaction noted that the business offered a range of assets that would be highly valuable for Betsson. These include access to local payment methods and established search and social marketing channels.Suaposta’s founders André Gelfi and Fernando Corrêa will continue to run the business following the acquisition, retaining a 25% stake in the brand, remaining chief executive and chief financial officer respectively.“We are delighted to announce this agreement with Betsson Group, who are perfectly positioned to enable our business to realise its full potential in the newly regulating Brazilian market,” CEO Gelfi commented. “We are hugely grateful for the role Partis played in bringing this transaction together.”
Partis co-founder Rob Dowling added that the deal provides “an excellent outcome” for both parties.“Suaposta’s founders are excited to maintain an active role and to realise their significant growth plans, and Betsson Group have gained unrivalled access into the emerging LatAm online gaming market.”News of the deal comes with the Brazilian Ministry of the Economy’s Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) putting the final touches to the decree to regulate sports betting. This could be introduced in the country’s legislature this month.The conditions to be imposed on operators remain unclear, with a consultation that ran in September proposing a 1% tax on turnover, though subsequent reports have suggested this will be increased to 3% for online operators. Retail betting looks set to face a 6% turnover tax.As part of the licensing process, operators will have to sign a declaration stating they have never operated illegally in a regulated market. Email Addresslast_img read more

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