Slotegrator has expanded the reach of its services into the Brazillian market as it anticipates the market’s re-regulation.
The solutions provider said it will offer all of its services, which include game integration, sportsbook, payment systems and affiliate management, alongside marketing, licensing, web hosting and advisory services.
The Brazilian government expects that the country’s sports betting sector will be regulated before the end of the year, then up and running before the FIFA World Cup in 2022.
This prediction comes after President Jair Bolsonaro ratified a law that regulates a number of industries, including sports betting. The modified article restructures the tax regime base to GGR instead of a gross wagering value of the bets, as originally proposed.
With an estimated 60% internet penetration, combined with a “nationwide passion for sports and betting”, Slotegrator believes that Brazil will soon become “a tantalising prospect for online casino and sportsbook operators”.
Slotegrator’s Ayvar Gabidullin 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% 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.”
Brazil is the latest country in Slotegrator’s expansion across the world, having recently debuted its services in the Greek and Lithuanian markets.
Through its advisory services, Slotegrator has been supporting operators with acquiring a gambling license in accordance with individual regulations.