Despite being the focus of attention of many global gaming industry giants after the regulation of the sports betting and iGaming sector, certain factors in how the market is developing mean that some global companies still want to wait to enter Brazil.
Such is the case of Cirsa, a company with a significant presence in Spain and Latin America. Even with concrete prospects for Brazil to legalize land-based gambling where Cirsa itself is the undisputed leader, the operator still has reservations about the country’s market.
Through an statement, Cirsa stated: “Despite being formally regulated since January 1, the market is currently stabilizing and most of its players continue to operate without licenses."
However, the company has not made an official decision on whether it could enter markets close to Brazil, including the Bahamas, Chile, Jamaica and Uruguay, the local report said
Cirsa concluded: “As of the date of publication of this prospectus, we have not made any formal decisions or developed any specific plans to enter any of these adjacent markets.”
Source: Gaming America
