Supplier News

Brazil – Spinola set to pen partnerships with several Brazilian lottery operators

By Lewis - 20 January 2021

Spinola Gaming is set to announce several Brazilian lottery operator partnerships designed to solidify its position in the market.

Taking advantage of the lottery provider’s new LatAm focused solutions via their Lottery Management System, Global/Custom Lotteries, Instant Games and Digital Scratch Cards, Spinola Gaming envisions the LatAm market to grow exponentially over the next three to five years.

With regulators in Brazil removing the country-wide lottery monopoly, and the expectation of the regulations for Law No. 13,756/2018 (which legalised fixed odds sports betting as a form of lottery) being released in mid 2021, Brazil is expected to become a huge contender in the iGaming race in LatAm.

The draft decree depicted the “concession” (and no longer the “authorisation”) as the business model to be adopted by the Federal Government, giving Brazilian states authorisation to exploit their own lotteries, provided that these lotteries become legislated at federal level.

“Brazil continues to be one country that has great, but unrealised potential in multiple sectors, one being online gambling,” explained Manuel Santos, Business Development Manager at Spinola Gaming.

“In comparison, Colombia’s state lotteries has grown to become the main player in LatAm gaming, with 15 different regional lotteries in operation currently, but Brazil has the potential to top Colombia and gain the status of Latin America’s most powerful country when it comes to online gambling.

“Our new partnerships with Brazilian lottery operators gives our company the right roots to grow with Brazil as it reaches the next stage in the market.”