Kaizen Gaming said Aris Dimarakis will become deputy chief executive on 1 June 2024 while retaining his chief operating officer role. The company also said Christos Tzalavras will take up the chief product officer position.
The appointments change senior operational and product leadership at Kaizen Gaming.
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Brazil's election and President Luiz Inácio Lula da Silva's reported plan to repeal the 2024 betting law have left the industry's future uncertain, according to the account. It says an emergency decree would require betting agencies to close by 25 October and players to complete withdrawals by 5 October, but the measure's fate remains subject to Congress and a possible Supreme Court challenge.
Brazil's President Luiz Inácio Lula da Silva has announced his intention to repeal the 2024 betting law, according to the report, nine days after the first round of voting on 4 October. The repeal took the form of an emergency presidential decree requiring betting agencies to close by 25 October and players to complete withdrawals from their accounts by 5 October.
Kaizen Gaming, owner of Betano, said it would maintain its Brazilian employees’ jobs until Congress completes its review of Provisional Measure No. 1.394/2026. The company said it was complying with current law and would honour existing social investment commitments, but did not extend its job guarantee beyond the review period.
Kaizen Gaming and UEFA have announced a new sponsorship agreement making Betano an official sponsor of Euro 2028, hosted by England, Scotland, Wales and Ireland. Betano also sponsored Euro 2024; the deal’s financial terms and duration beyond the 2028 tournament were not disclosed.
Betano, the international betting brand of Kaizen Gaming, has been appointed an official sponsor of Euro 2028, the European football championship hosted by England, Scotland, Wales and Ireland. UEFA and Kaizen Gaming announced the new sponsorship agreement at an official meeting in Athens, according to the announcement. The financial terms and the duration of the agreement beyond the Euro 2028 tournament were not disclosed.
Betano said it was prioritising employee retention during the betting prohibition. The Kaizen Gaming brand said it was fully complying with Provisional Measure No. 1.394/2026.
Allwyn said its previous 2026 Adjusted EBITDA margin guidance of about 37% would no longer apply if Brazil's prohibition on online sports betting and iGaming remains in force through year-end. The company is assessing the effect on its 36.75% stake in Kaizen Gaming; Betano is evaluating mitigation measures and preparing legal action, Allwyn said.