Key points:
- Fazi has officially secured a licence to operate within the Brazilian market
- The announcement comes ahead of the market’s opening in January
Supplier Fazi has announced full certification in the Brazilian market, acquiring its licence ahead of the nation opening its iGaming and sports betting markets in the new year.
Part of the Novomatic Group, Fazi will now look to introduce its online gaming portfolio to a range of local operators in the highly coveted Brazilian market. The organisation will hope to build on a range of expansive moves across the LatAm landscape, including the recent debut of its Mega Pay machines in Colombia, as it makes its first foray into Latin America’s largest market.
In addition to the recent expansive measure in South America, Fazi also partnered with NetBet in Greece to help introduce the operator to the market back in December of last year. This move came in the wake of an additional partnership agreement drawn up between Fazi and Reevo, which allowed the former access to Reevo’s in-house studio.
Good to know: Yesterday, Sportradar and the IBIA also signed a betting-integrity-based partnership agreement with the Brazilian Ministry of Finance
Regarding this latest news, a Fazi Spokesperson commented, saying: “Securing certification in Brazil is a pivotal step in our growth strategy for the region. We are excited to bring our proven gaming solutions to the market and look forward to building lasting partnerships here.”
Following the announcement that Brazil’s Chamber of Deputies had approved a bill to regulate online gambling and sports betting in December 2023, Brazil has embarked on a rather turbulent journey towards a fully regulated and open market.
As of earlier this month, the nation’s Government has begun the removal of unlicensed betting organisations from its market ahead of its imminent opening in the new year.
