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EA says Hanzbet will close Brazilian operations by 31 July

Business

EA Entretenimento e Esportes Ltda said Hanzbet would end operations by 31 July, leaving its site available for players to withdraw balances. Hanzbet founder Eduardo Peres disputed the closure, alleging it was announced without his team’s consent and that EA had made customer withdrawals impossible; EA had not responded to a request for comment at publication.

Operators using another company’s Brazilian licence may face disruption when the licence holder controls operational decisions and funds.

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CBRE analyst says scale will matter as UK gambling market consolidates

In an interview, CBRE credit research head Colin Mansfield said scale matters to Bally’s long-term UK position as the market consolidates. Bally’s Intralot reported a 22.8% year-on-year rise in B2C revenue in preliminary Q3 results, attributing it to UK growth and the addition of Intralot’s B2C business.

Bally’s Intralot reported a 22.8% year-on-year increase in B2C revenue in its preliminary Q3 results, which it attributed to UK growth and the addition of Intralot’s B2C business. B2C revenue rose from around $210m to more than $257m in Q3.

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