Zona de Azar Brazil – Brazil: Betano Requests Authorization to Operate Sports Betting
Brazil.- May 29, 2024 www.zonadeazar.com Betano is the first to request authorization to operate sports betting and iGaming in Brazil. Kaizen Gaming Brasil is the first company to request authorization from the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance to operate sports betting and online games in Brazil.
The company operates the Betano brand in the country and submitted its application through the Betting Management System – SIGAP on Sunday (26).
Betano is the first to request authorization to operate sports betting and iGaming in Brazil.
SPA/MF Ordinance No. 827, published on May 22, established the rules and conditions for obtaining authorization for the commercial exploitation of sports betting and online gambling in Brazil by private economic agents throughout the national territory. .
Kaizen Gaming, operator of the Betano brand, has already presented its process by submitting the authorization request to the SPA through the Betting Management System (SIGAP), presenting the request on behalf of Kaizen Gaming Brazil.
With this, and according to information from the Secretariat of Prizes and Betting (SPA), the company is guaranteed that the authorization will be granted before December 31, 2024, since this is the deadline established for companies that submit their applications before on August 20 of this year. .
Kaizen Gaming Brasil Ltda. was incorporated on June 14, 2022 with Cesar Roberto Ramos Junior as managing partner and Kaizen Gaming Holding Limited, based in Malta, as shareholder.
Kaizen Gaming is one of the world’s largest sports betting and online gaming operators. It owns online sports betting and gaming brand Betano, with an established presence and millions of customers in the European and Latin American markets, and recently entered Africa and North America with launches in Nigeria and Ontario, respectively. The company employs more than 2,500 people worldwide.
Betano’s principle is to implement corporate responsibility measures, including the promotion of responsible gambling and the fight against match-fixing in sport.
In Brazil, Betano is a member of the National Association of Games and Lotteries and the Brazilian Institute of Responsible Gaming, in addition to being associated with Conar (National Council for Advertising Self-regulation) to treat advertising responsibly.
Since April of this year, Betano has an agreement with the Brazilian Football Confederation and became the owner of the naming rights of the Brazilian Football Championship. It also has the same ownership in the Brazilian Cup and is the main sponsor of Atlético-MG.
Edited by @_fonta www.zonadeazar.com
