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Thomas Carvalhaes leaves Stake after leading its Brazilian operations

People moves

Thomas Carvalhaes has left Stake after serving as its Brazil country manager from October 2024, and said he plans to remain in the gaming industry. In an interview, he described Brazil’s regulated market as developing and said the Secretariat of Prizes and Bets had maintained dialogue with operators and industry groups.

Stake’s departure of its Brazil country manager is relevant to operators monitoring leadership changes in the regulated market.

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Enforcement & compliance

Brazilian court order is set to halt Casa de Apostas operation

A TRF3 president’s decision to suspend the injunction allowing CDA Gaming to operate is due to take effect when the company is notified on Monday 9 November, the columnist wrote. The column says Casa de Apostas, described as the country’s only regulated betting operator still operating, will then go offline and return customers’ balances to their deposit accounts; the court decision also concerns the company’s authorisation.

Casa de Apostas is expected to go offline at 9am on 9 November when it is notified of a TRF3 decision suspending CDA Gaming's injunction, an opinion column on a Brazilian betting industry site said. The columnist said customer balances would be returned by that time to the accounts from which deposits were made.

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