The influx of gambling licence applications has surpassed what was previously anticipated in the Brazilian market, as the deadline closed for potential incumbents.
Underlining just how much attention and excitement the market has garnered from operators, a total of 113 registered in a bid to operate in the region.
The 113 applicants are looking to operate under the framework, which after much back and forth has all but been cemented and will include igaming as a key component.
According to SIGAP’s website Kaizen Gaming, which has considerably bolstered its marketing presence in South America in recent months, is one of the key players pursuing licensing in the space.
A myriad of key players from the sector also make up the rest of the submissions, including the likes of Betfair, Stake and Meridian Gaming.
As a result of being part of the 113 initially registered companies, they will get priority in terms of the reviewing of their registration. That being said, Plínio Lemos Jorge, President of the ANJL, revealed his belief that there will be an increasing number of companies that apply for a licence until the end of the year.
“We are certain that next year we will have a completely different market. Honest, responsible and regulated, where bettors will be able to be sure that they are playing on a serious and safe platform,” Lemos Jorge said.
The current submissions are expected to be approved or rejected by mid-November, with the wider regulated market set to launch on 1 January, 2025.
