SectorWire
SearchRegister
MenuClose

Stake compliance chief urges regulatory stability in Brazil and Peru

Regulation

Stake’s head of legal and compliance for Latin America, Laura Maria Gomez Betancur, urged regulators in Brazil and Peru to allow their gambling markets time to develop before making major regulatory changes. She said new rules can support trust and transparency but warned that excessive regulation could push players and operators outside legal markets; Stake wants to discuss compliance with Brazil’s SPA.

Operators in Brazil and Peru face changing rules, including new taxes and advertising restrictions in Brazil.

Request a correction

Flag an issue

Keep reading

Regulation

Stake executive says Italian online market effects await full technical rules

Stake Italia national director Fabio Angeli Bufalini said the impact of Italy's new online gambling concession regime would be clearer once its technical rules are fully implemented. He described the first year as a transition and cited 46 companies and 52 authorised domains, compared with more than 300 previously.

Stake is among the international operators that entered the Italian online gambling market through the new concession allocation procedure, and the concrete effects of the new regime can only be assessed once the new technical rules are fully applied, Fabio Angeli Bufalini, national director of Stake Italia, said at a panel on the regime a year after its introduction. The first year should be treated as a transition because a significant part of the regulatory changes has yet to take full effect, he said, pointing to the period after 15 February as an important step for understanding the impact of the changes.

Continue reading