A new bill has been introduced in the Buenos Aires legislature in Argentina aiming to prohibit online gambling advertising in an effort to combat underage gambling in the country. The proposal comes following concerns raised by officials regarding the prevention of gambling addictions among children. This bill, if passed, could have a significant impact on the gaming industry in Argentina.
Meanwhile, Rei do Pitaco has recently applied for a license to operate in Brazil, becoming the third operator to do so after Betano and Superbet. This move signifies the growing interest in the Brazilian gaming market and the potential opportunities it holds for operators. The 90-day window for license applications is set to close soon, with the market expected to launch legally by January 1, 2025.
Betsson, a European betting and gaming brand, has reported record revenue growth in Latin America during the second quarter of 2024. This growth was primarily driven by increased activity on its casino platform. Despite some challenges in certain markets such as Peru, overall, the company has seen positive results in the region.
The International Betting Integrity Association (IBIA) has highlighted the potential for growth in the onshore online gaming market in Brazil. While there are concerns about the impact of offshore gambling, the IBIA believes that the sector has the potential to generate significant revenue in the coming years. However, efforts need to be made to address the issue of offshore gambling to maximize tax revenue for the country.
On the other hand, leading operator Betano continues to face challenges in Brazil, particularly in Rio de Janeiro, where its site remains blocked despite efforts to resolve the issue. The company remains optimistic about finding a resolution soon to resume its operations in the region.
In a positive development, Brazilian lottery operator Lotopar has contributed millions towards social causes in the first half of 2024. These funds will be utilized for public housing, public safety, and other social initiatives, demonstrating the positive impact of the gaming industry on the community.
Overall, the gaming industry in Latin America is experiencing growth and facing challenges simultaneously. With new regulations, license applications, and contributions to social causes, the sector continues to evolve, presenting opportunities and obstacles for operators in the region.
