LatAm becomes most exciting market for gambling
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Multiple territories are in the process of liberalising. International operators are striking partnerships or snapping up established native brands. Local know-how can be the key factor between a successful roll-out and beating a hasty retreat. Bet Providers has been tracking opportunities in LatAm for a number of years.
There is a huge potential for the gambling industry in LatAm. Colombia launched an igaming market in 2016. Chile, Uruguay and Peru are in the process of legalising online betting and gaming. Brazil has a population of over 200 million. Smartphone penetration is expected to reach 73% by 2025. Internet penetration for Latin America and the Caribbean will reach 74% in 2020. Bet Providers is monitoring the situation closely.
Bet Providers' research of the market in LatAm and Brazil can help its partners. Mobile gambling is especially popular in Brazil. The Chamber of Deputies voted to legalise online and land-based gambling in the country in February 2022. The complete legalisation of betting and casinos in Brazil is coming next year. It's a great opportunity for all businessmen to start their gambling sites and get ahead of competition.
Bet Providers has invested a lot of money into researching the LatAm market. Its research shows there has been a spike in enquiries for "how-to" tips on starting an online casino. The majority of the population speaks Portuguese and Spanish. Bet Provider's platform is fully integrated with the Brazilian payment methods.
Bet Providers is planning to launch an igaming business in LatAm. It is confident that it will profit as it expands. Brazil is in its sights. When legalised, Brazil has the potential to become one of the world’s largest markets for online gambling. Bet Provider is an all-in-one B2B solution for online casinos and sports betting platforms. Using state-of-the-art technologies, it provides complete iGaming solutions for regulated and emerging markets.
