Kyle Goldsmith

1 week ago | ggbnews.com | Kyle Goldsmith

Questions Raised over Proportionality of Pixbet’s License SuspensionBrazilian lawyer Fabio Ferreira Kujawski has described the decision of the Secretariat of Prizes and Bets (SPA) to suspend Pixbet’s license as “disproportionate,” arguing it reflects a lack of understanding of the industry.

1 week ago | igamingbusiness.com | Kyle Goldsmith

Rush Street Interactive achieved record monthly active users (MAUs) in LatAm during Q1, though the new value-added tax (VAT) in Colombia hit NGR. On Wednesday, Rush Street Interactive released its Q1 results, which revealed a 21% year-on-year increase in revenue to $262.4 million, while the business swung from a $2.2 million loss in Q1 2024 to a net profit of $11.2 million in the first quarter of this year.

2 weeks ago | igamingbusiness.com | Kyle Goldsmith

Betsson AB's Pontus Lindwallhas said new launches in Brazil and Paraguay will continue the company’s strong growth in LatAm, as regional revenue jumped 70% in Q1. Yesterday, Betsson reported year-on-year group revenue growth of 18.3% to €293.7 million ($334.7 million), powered by LatAm revenue increases of 70.3% to €74.5 million. The LatAm region accounted for 25% of Betsson’s total Q1 revenue, boosted by higher casino activity and stronger sportsbook margins.

2 weeks ago | igamingbusiness.com | Kyle Goldsmith

On 11 April, the Secretariat of Prizes and Bets (SPA) suspended the online gambling licences of Pixbet Technological Solutions, Caixa Lotteries SA, 7MBR Ltda and Tqj-Par Participacoes Societarias SA, through the enforcement of Normative Ordinance No 787. The companies were suspended after the SPA deemed they were in breach of Article 3 of Normative Ordinance No 2,104, which relates to the presentation of technical certifications.

2 weeks ago | igamingbusiness.com | Kyle Goldsmith

Announced today (25 April), the expanded deal confirmed Genius Sports will exclusively provide official NCAA data to licensed sportsbook for its flagship March Madness college basketball tournament, alongside all other post-season tournaments. The extension to the long-term partnership will see sportsbooks gain exclusive access to official NCAA data feeds. Genius Sports will use its new Authorised Gaming Licensee (AGL) programme to boost integrity protections and promote responsible gambling.