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Stake says Brazil approved its casino and sportsbook licence applications

Licences & markets

Stake said on 2 January 2025 that Brazil had approved its casino and sportsbook licence applications. The company named Thomas Carvalhaes as Brazil country manager and said its local team included 10 employees.

Brazil’s approval of Stake’s casino and sportsbook applications would permit it to operate those products in the regulated market.

Earlier licence decisions by SPA

DateCompanyAmountStoryAppeal status
Superbet, BetwayBRL 30,000,000Brazil requires R$30m fee for online gambling licence applicationsNot stated
BetfairBRL 30,000,000Betfair pays BRL30m fee for planned 2025 Brazil market entryNot stated
Kaizen Gaming, BetfairNot statedBrazil registers 113 gambling licence applicants ahead of market launchNot stated

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