“The sponsorship with Flamengo was extremely important for us. We will be getting a licence in Brazil as soon as the tender becomes available. From what we’ve heard, it will be Q1 or Q2 next year,” said the executive.
For Tim Heath, there is no doubt about the importance of continuing with a strong presence in the country. “Brazil is one of the markets we believe very strongly in. We want to be fully licensed and ‘white’ for when it opens up,” he added.
“The sponsorship deals we’ve done with Flamengo, as well as with Southampton and Watford too, they were done because of the global appeal of football. And it was a way for us to really get our name out,” says Tim Heath.
On which are the key markets for his betting brands with Bitcasino.io and Sportsbet.io that, Heath comments that there are Asian countries such as Japan and South Korea where there has been a massive adoption of cryptocurrencies, “not as much China as we initially thought, interestingly enough, although that is changing now with the hardship people have had with moving money out of the country.”
“We’ve got African nations too. So you have all these subsets of jurisdictions; we’ve got a lot of action in Paraguay, Brazil and Argentina because their trading cross-border in bitcoin has become their benefacto, go-to currency. South America is growing rapidly for us, Central America too,” concludes the executive of Coingaming.
Source: GMB / SBC
