LatAm

Brazil signs off on revenue-based tax system for sports betting market

Brazil’s government has signed off on regulatory changes that will see the country use a tax system based on gross gaming revenue (GGR) for sports betting, rather than turnover.  The new law regarding taxation has been published in Brazil’s Official Gazette. Brazil’s new tax regime for betting Brazil’s President Jair Bolsonaro has signed a federal …

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Playmaker Capital expands Brazil footprint with acquisition and new brand

The digital sports media business Playmaker Capital Inc. has announced the acquisition of Fanáticos Por Futebol and the launch of Somos Fanáticos, its second brand in Brazil. Thanks to its wholly-owned subsidiary Futbol Sites, Playmaker is cited as the largest international digital sports media operator in Brazil. Playmaker announces acquisition and brand launch According to …

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Betsson AB announces joint venture with Big Bola Casino to help drive South American expansion

The Stockholm-listed online gambling group Betsson AB has announced a joint venture with Mexico’s Big Bola Casinos. This marks the operator’s latest effort to expand its presence across the South American market. The joint-venture with Big Bola The joint venture between Betsson and Big Bola will see the Mexican gambling operator carry the new Betsson …

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Lottery.com to acquire Mexican lottery companies JuegaLotto and Aganar

The Texas-based Lottery.com has announced plans to acquire the two Mexican lottery companies JuegaLotto and Aganar in an effort to expand its presence in the Latin American market. According to Lottery.com’s announcement, the Latin American lottery market is worth an estimated $9.8bn across 26 countries.  Lottery.com’s acquisitions Lottery.com has entered into a “binding agreement” to …

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