In anticipation of the market’s re-regulation, Slotegrator has expanded the reach of its services into Brazil.
All of the company’s services, including game integration, sports betting, payment systems, and affiliate management, would be available, as well as marketing, licencing, site hosting, and advisory services, according to the company.
The Brazilian government anticipates that the country’s sports betting industry will be regulated by the end of the year, and that it will be operational in time for the FIFA World Cup in 2022.
President Jair Bolsonaro recently ratified a law that controls a variety of sectors, including sports betting. Instead of the gross wagering value of the bets, as originally envisaged, the updated article restructures the tax regime basis to GGR.
With an estimated 60 percent internet penetration and a “nationwide passion for sports and betting,” Slotegrator believes Brazil will become “a tantalising prospect for online casino and sportsbook operators” in the near future.
Ayvar Gabidullin of Slotegrator explained: “Until upcoming legislation comes into effect, online operators are prohibited from being based in Brazil. However, operators and sportsbooks based in Europe and elsewhere enjoy wide popularity – perhaps due to the lack of local competition.
“With over 200 million people, Brazil is the sixth most populated country in the world. Combined with a nationwide passion for sports and betting and an estimated 60 percent internet penetration, this makes the sports gambling market in Brazil a tantalising prospect for online casino and sportsbook operators.
“After re-regulation, the size of the sports betting market in Brazil could possibly rank as one of the largest in the world.”
Slotegrator has recently launched its services in the Greek and Lithuanian markets, and Brazil is the newest country to join its global development.
Slotegrator has been assisting operators in obtaining a gaming licence in compliance with individual regulations through its advice services.