Kyle Goldsmith

Guildford

Journalist at iGaming Business

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Articles

Loterj "remains firm" in case against federal government

3 weeks ago | igamingbusiness.com | Kyle Goldsmith

Speaking to iGB, Rio de Janeiro Lottery (Loterj) president Hazenclever Lopes Cançado will continue to challenge federal court decisions to restrict its licensees' activities. Lopes Cançado said it “remains firm” on its belief its licensees should be allowed to operate nationally in Brazil, despite a number of court injunctions ruling the entity is not abiding by federal regulations.
LATIN AMERICA IN FOCUS

3 weeks ago | ggbnews.com | Kyle Goldsmith

Brazil Gambling Industry Pushing Back Against Further Ad RestrictionsAfter the Brazil Senate approved new gambling ad restrictions last week, the industry is hoping to push back against the measures, believing they could lead to rises in black market activity. The Senate approved Bill 2,985/2023 in late May, with the proposal to introduce bans on betting ads during live sporting broadcasts and time-based restrictions set to go to the Chamber of Deputies.
Black market and KYC key pain points in Brazil, says Betano regulatory chief

3 weeks ago | igamingbusiness.com | Kyle Goldsmith

Brazil's current market leader Betano is struggling with the ongoing threat of illegal operators. Regulatory chief Ioannis Spanoudakis calls for increased enforcement. Despite the excitement of Brazil launching its regulated online sector earlier this year, one concern still stands above all – the black market, says Ioannis Spanoudakis, Chief Regulatory Affairs Officer at Betano owner Kaizen Gaming.
Brazil gambling assocations unite against potential new tax burden

3 weeks ago | igamingbusiness.com | Kyle Goldsmith

In the wake of Brazil's Senate approving new ad restrictions last week, the gambling sector could face a further blow in the form of tax increases. Six of the biggest gambling trade associations in Brazil have issued a joint-statement, hitting out at potential government plans to raise industry taxes.
Two more operators taken off SPA's suspended list

3 weeks ago | igamingbusiness.com | Kyle Goldsmith

On Friday, the SPA suspended the licences of seven operators after these companies failed to provide security assessment reports for their betting systems to the regulator. Yesterday the Secretariat of Prizes and Bets (SPA) reinstated Logame do Brasil Ltda and Sortenabet Gaming Brasil SA’s licences after they filed the necessary technical documents with the regulator.
Can Brazil push back against looming gambling ad restrictions?

3 weeks ago | igamingbusiness.com | Kyle Goldsmith

Legal experts are concerned the sector's fragmented representation from trade associations could harm its fight against pending gambling ad restrictions. A new wave of gambling ad restrictions is on the horizon for Brazil, following the Senate’s approval of Bill 2,985/2023 in May. This will likely add to the host of challenges faced by operators, since Brazil’s regulated online betting market launched on 1 January.
Betsson one of three companies fined in Sweden for AML failings

3 weeks ago | igamingbusiness.com | Kyle Goldsmith

Spelinspektionen's busy 2025 continues, with Betsson one of three operators rapped for AML failings. Betsson Nordic Ltd has been issued with a warning, as well as a fine of SEK6.5 million ($682,272), for deficiencies in its AML work in Sweden.
SPA suspends seven operators, Pixbet saved by another court decision

3 weeks ago | igamingbusiness.com | Kyle Goldsmith

Of the seven operators that had their licences suspended by the Secretariat of Prizes and Bets (SPA) on Friday, three have already been reinstated, including Pixbet. On Friday, the SPA announced it had suspended seven operators that had failed to deliver security assessment reports for their betting systems to the regulator.
Geographical diversification powers Cirsa to revenue and EBITDA records in Q1

4 weeks ago | igamingbusiness.com | Kyle Goldsmith

Cirsa's geographical diversification has set the company up to deliver on its 2025 guidance after a strong Q1. Spain’s Cirsa posted quarterly highs in both revenue and EBITDA in the three months to 31 March, powered by geographical diversification and significant growth in its online betting units. Cirsa announced its Q1 results yesterday, displaying net operating revenue of €576.7 million ($164.5 million), a 12.5% increase when compared to the same quarter last year.
LATIN AMERICA IN FOCUS

4 weeks ago | ggbnews.com | Kyle Goldsmith

Brazil Senate’s Approval of Ad Restrictions Sparks BacklashThe Brazilian Senate has approved a number of new measures to restrict gambling advertising, sparking industry concern over how the changes could benefit the black market. On May 28, the Sports Commission approved measures to ban celebrity endorsements, introduce advertising curfews and restrict sports sponsorships. The Senate then also voted to approve the measures, with the bill now set to go to the Chamber of Deputies.