Kaizen Gaming is a Greek online betting and gaming group founded in Athens in 2012, originally as TCB Holdings, which began trading in 2013 in Greece and Cyprus under the Stoiximan brand. It operates internationally through Kaizen Gaming International Limited in Malta, and is led by co-founder and chief executive George Daskalakis. The Betano brand was created in 2018 to carry the group outside Greek-speaking markets, and it now holds licences in close to 20 regulated jurisdictions including Germany, Portugal, Romania and Brazil. The group employs more than 3,000 people across four continents, and its German licence places it among the challengers to Tipico in the country's sports betting market.
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The Attorney General's Office says it will go to court to force eight former licensees to give their banks the per-player lists the ban requires. The same release cuts the money still owed to bettors from about R$1.2 billion to R$159 million, and does not say how.
The question is whether Betano, KTO, GaleraBet and Blaze ever asked for the forward to be prosecuted for defrauding them, and whether they did so in time. The separate charge of fraud in a sporting competition, over a yellow card in November 2023, is unaffected.
A national association of mayors has filed a third direct action against Provisional Measure 1.394, Flamengo has been admitted to the Supreme Court's betting cases, and the first 12 amendments in Congress include a slots-only rewrite. None of it has yet stopped the clock: licensed sites go dark on 6 October.
The Attorney General's Office wants Betano, Bet365, Superbet and 14 other operators to repay the public health system, pay collective damages and refund double the stakes of diagnosed gamblers they kept accepting. It filed three days after the government banned their product.
Entain, Flutter, Allwyn, Better Collective, Acroud and DigiPlus have all told investors what Brazil's ban on fixed-odds betting means for them. For the big operators it is a trim to guidance; for Better Collective, whose shares traded a quarter lower on Monday, it removes about 12% of expected revenue.
Provisional Measure 1.394 ends Brazil's licensed betting market less than two years after it opened, extinguishes every licence within 30 days and rules out refunding the R$30 million each operator paid for one. It took effect on Friday, nine days before the first round of the presidential election.
Brazil's president told a campaign rally that he will "end the bets", and a provisional measure is reported to be due on Friday. Licensed operators have started notifying football clubs that shirt deals worth more than R$1 billion could be terminated, while the government is still choosing between a full ban and an online-casino ban.
Polla Chilena has asked a Santiago court to investigate Betsson, Betano, 1xBet, Coolbet and seven others for unauthorised gambling, money laundering and criminal association. The state is collecting VAT from the same companies its own lottery is describing as an organisation.
A €1.2 billion market growing at 15% year-on-year and still less than 60% online. Superbet has spotted the opportunity, and it is moving fast.
In a dramatic development for the Latin American iGaming market, Chile's Supreme Court has ordered the country's largest telecommunication firms to block all
Virgin Bet, the online sports betting brand operated by Livescore Group, has secured a major new broadcast partnership with TNT Sports. The deal will see the
Global lottery and gaming operator Allwyn has made a significant strategic move to bolster its digital capabilities, appointing seasoned industry executive