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Esportes Gaming Brasil moves to acquire BETBR Loterias in Brazil

Deals & M&A

Esportes Gaming Brasil is acquiring BETBR Loterias through its subsidiary HS Gaming Participações, according to a notice from Brazil’s Administrative Council for Economic Defence (CADE). Published in the official gazette on Thursday, the notice disclosed the proposed transaction; BETBR Loterias controls the Apostou, B1BET and BRBET brands.

The proposed acquisition would bring BETBR Loterias’ betting brands under Esportes Gaming Brasil, subject to the transaction’s progress.

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Brazil seeks BRL1bn in collective damages from 17 betting companies

Brazil’s Attorney General’s Office has sued 17 betting companies in the Federal Court of Pernambuco, seeking reimbursement for costs to the Public Health System and at least BRL1 billion for collective moral damages. The AGU estimates healthcare-related damages at about BRL2.6 billion; the companies named represent around 80% of the market, according to the government.

A case has been brought before the Federal Court of Pernambuco by Brazil's Attorney General's Office (AGU) targeting 17 betting operators. The office is pursuing redress for harm done to the Public Health System (SUS), together with a request for no less than BRL1bn in collective moral damages. Healthcare-related losses are put by the AGU at roughly BRL2.6bn ($444.3m). No precise reimbursement figure appears in the filing; the office wants that sum worked out at a later stage.

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