Betsson Gains Gaming License for Brazil’s Gaming Market
Betsson, the global betting company, has announced it has secured a gaming license for the new regulated Brazilian gaming market, with the license starting in February this year.
LISTEN TO THIS ARTICLE:The Brazilian gaming market has recently been restructured with a new framework starting in January this year, and this new license granted to Betsson allows the operator to offer online casino and sports betting. Betsson believe the license marks a significant milestone of expansion into one of the world’s largest gaming markets, estimated to generate a yearly revenue of more than $1.5 billion.
We welcome the introduction of a local regulatory framework in Brazil and are pleased to have obtained a license. This step aligns with our strategy to grow via geographical expansion, and we look forward to offering Brazilian customers a secure and high-quality gaming experience.
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Betsson Identifies Growth Opportunity in Brazilian Gaming Market
The gaming giant has been operating in Latin America for the last decade and has been granted licenses for some of the biggest gaming jurisdictions in the LatAm region including Argentina, Colombia, and Peru.
Senior management at Betsson state they believe obtaining the Brazilian gaming license opens up many opportunities for the business in a market enjoying significant growth in the gaming industry. The operator is pursuing a strategy of achieving growth through obtaining licenses to operate in regulated gambling jurisdictions worldwide.
As part of the group’s expansion strategy last year Betsson acquired Sporting Solutions to bolster its technology platform.
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