Business , Finance , iGaming , Latam & Carribean
May 25, 2023

Caixa Lotteries may allocate resources to associations that provide assistance to individuals with disabilities

Caixa Lotteries

During the debate, the suggestion to establish a dedicated raffle emerged. The Commission for the Defense of the Rights of Persons with Disabilities of the Chamber has approved the proposal, which aims to utilize resources from Mega-Sena for this purpose. Representatives from organizations that support individuals with intellectual disabilities and multiple disabilities have demanded increased […]

Business , Finance , Latam & Carribean , Legislation , Regulation
May 25, 2023

Peruvian Congress is currently examining amendments to the legislation governing online gambling and sports betting

Experts have engaged with Congress regarding the evaluation of modifications to the law governing online gambling and sports betting. The Foreign Trade and Tourism Commission conducted a session yesterday to assess these proposed changes. Less than a year after the approval of Law 31,557, which regulates remote gaming and sports betting in Peru, lawmakers are […]

Business , iGaming , Latam & Carribean , Legislation , Regulation
May 25, 2023

Brazil’s Commission of Deputies has established its work agenda for the regulation of sports betting.

Brazil

The Chamber of Deputies’ Parliamentary Commission of Investigation (CPI), established in April, has set its work agenda. Led by Felipe Carreras, the commission’s primary objective is to investigate potential instances of match-fixing related to sports betting. This inquiry comes in the wake of Operation Maximum II, conducted by the Goiás Public Ministry (MPGO) since the […]

Business , Latam & Carribean , Legal , Regulation
May 25, 2023

Coljuegos confiscates 112 illicit gaming machines

Coljuegos’ Illegal Operations Control Management (COI) division successfully confiscated 112 illegal gaming machines in Colombia’s Córdoba and Valle del Cauca Departments. Ramírez Payares, the Director of COI, affirmed that operations will persist throughout all regions of the country to achieve the organization’s objectives for the year. “We will continue working, employing various strategies to meet […]

Latam & Carribean , Legislation , Regulation , Sports Betting
May 23, 2023

Government regulates sports betting in Brazil

Brazil

Brazil’s Federal Government is charting a new course for the fixed-odds sports betting industry, characterized by stringent regulations, a fair taxation model, and a strong emphasis on social contributions. As the country moves towards implementing these measures, the landscape of sports betting in Brazil is poised for transformation, promising enhanced transparency, player protection, and significant […]

Business , iGaming , Latam & Carribean , Partners
May 22, 2023

SOFTSWISS brings attention to the crucial elements propelling the growth of the iGaming industry in Latin America

According to SOFTSWISS, the rising confidence in the LatAm iGaming market can be attributed to several key factors. These include the growing acceptance of gambling regulations, cultural values, and the increasing popularity of sports betting in the region. In its market overview of the LatAm region, SOFTSWISS has identified several important findings regarding the growth […]

Africa , Asia , Business , EMEA , Finance , iGaming , Latam & Carribean , North America , Oceania , Partners
May 22, 2023

The GLI Group has completed the acquisition of the remaining shares in iTech Labs

Gaming Laboratories International (GLI Group) has successfully acquired full ownership of iTech Labs by obtaining all the remaining shares. With a history dating back to 2004, iTech Labs, a gaming testing laboratory, has transitioned into a fully owned subsidiary of GLI Australia Pty Ltd. Presently, iTech Labs conducts testing operations from various locations spanning Australia, […]

Business , Casino , Finance , iGaming , Latam & Carribean , Legal , Legislation
May 16, 2023

Parliamentary Inquiry into sports match-fixing has been initiated in Brazil

The ongoing allegations of match-fixing in Brazilian sports have prompted the government to temporarily shift its focus away from other reforms. A parliamentary commission of inquiry (PCI) on sports betting is scheduled to commence on Tuesday in the Chamber of Deputies, with the participation of up to 34 legislators. Eduardo Bandeira de Mello, former president […]

Business , Finance , Latam & Carribean , Legislation , Regulation
May 16, 2023

Caixa Lotteries experienced a modest increase of 0.4% in its Q1 revenue

Caixa Lotteries

Caixa Lotteries, following its remarkable collection record in 2022, has recently released a new report providing a detailed breakdown of the numbers for the first quarter of 2023. According to the statement released, Caixa Lotteries collected R$5,000 million (USD 1,015,695,000) from January to March, marking a slight increase of 0.4 percent compared to the same […]